Trexquant Investment LP acquired a new stake in Telefônica Brasil S.A. (NYSE:VIV) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 26,960 shares of the Wireless communications provider’s stock, valued at approximately $229,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. DORCHESTER WEALTH MANAGEMENT Co increased its stake in Telefônica Brasil by 2.6% in the 2nd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 835,800 shares of the Wireless communications provider’s stock valued at $7,104,000 after buying an additional 20,875 shares during the period. Quadrant Capital Group LLC increased its stake in Telefônica Brasil by 94.3% in the 2nd quarter. Quadrant Capital Group LLC now owns 4,319 shares of the Wireless communications provider’s stock valued at $37,000 after buying an additional 2,096 shares during the period. Ergoteles LLC acquired a new position in Telefônica Brasil in the 1st quarter valued at $365,000. Y Intercept Hong Kong Ltd acquired a new position in Telefônica Brasil in the 1st quarter valued at $81,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Telefônica Brasil during the 1st quarter worth $450,000. 7.73% of the stock is currently owned by institutional investors.
A number of research firms have recently weighed in on VIV. Barclays lowered their price target on shares of Telefônica Brasil from $9.70 to $9.50 and set an “equal weight” rating on the stock in a research note on Thursday, October 7th. Zacks Investment Research raised shares of Telefônica Brasil from a “sell” rating to a “hold” rating in a research note on Saturday, October 9th.
Telefônica Brasil (NYSE:VIV) last issued its quarterly earnings data on Tuesday, July 27th. The Wireless communications provider reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Telefônica Brasil had a net margin of 11.03% and a return on equity of 5.70%. As a group, research analysts expect that Telefônica Brasil S.A. will post 0.57 earnings per share for the current year.
The firm also recently disclosed a dividend, which was paid on Monday, October 4th. Investors of record on Monday, October 4th were paid a $0.057 dividend. The ex-dividend date of this dividend was Friday, October 1st. Telefônica Brasil’s payout ratio is 41.07%.
Telefônica Brasil Profile
TelefÃ´nica Brasil SA, together with its subsidiaries, provides mobile and fixed telecommunications services to residential and corporate customers in Brazil. Its fixed line services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband internet access through 3G, 4G, and 4.5G, as well as mobile value-added services and wireless roaming services.
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