Tower Research Capital LLC TRC Lowers Position in Telefônica Brasil S.A. (NYSE:VIV)

Tower Research Capital LLC TRC cut its holdings in Telefônica Brasil S.A. (NYSE:VIV) by 70.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,137 shares of the Wireless communications provider’s stock after selling 9,881 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Telefônica Brasil were worth $45,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. BSW Wealth Partners lifted its stake in Telefônica Brasil by 6.3% in the fourth quarter. BSW Wealth Partners now owns 17,889 shares of the Wireless communications provider’s stock worth $196,000 after acquiring an additional 1,062 shares during the period. Euro Pacific Asset Management LLC lifted its stake in Telefônica Brasil by 10.0% in the third quarter. Euro Pacific Asset Management LLC now owns 12,257 shares of the Wireless communications provider’s stock worth $108,000 after acquiring an additional 1,113 shares during the period. Hsbc Holdings PLC lifted its position in shares of Telefônica Brasil by 3.2% during the third quarter. Hsbc Holdings PLC now owns 84,929 shares of the Wireless communications provider’s stock valued at $726,000 after buying an additional 2,595 shares during the last quarter. UBS Group AG boosted its holdings in shares of Telefônica Brasil by 0.9% in the 3rd quarter. UBS Group AG now owns 348,528 shares of the Wireless communications provider’s stock valued at $2,980,000 after buying an additional 3,178 shares in the last quarter. Finally, Unison Advisors LLC boosted its holdings in shares of Telefônica Brasil by 2.5% in the 4th quarter. Unison Advisors LLC now owns 137,792 shares of the Wireless communications provider’s stock valued at $1,544,000 after buying an additional 3,300 shares in the last quarter. 5.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VIV has been the topic of a number of recent analyst reports. Morgan Stanley restated an “equal weight” rating and issued a $11.00 price target on shares of Telefônica Brasil in a report on Friday, January 5th. StockNews.com upgraded shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 20th. Finally, Barclays lowered their price target on shares of Telefônica Brasil from $13.50 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 23rd. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Telefônica Brasil has an average rating of “Moderate Buy” and a consensus target price of $11.60.

Telefônica Brasil Stock Performance

Shares of Telefônica Brasil stock traded up $0.33 during midday trading on Thursday, hitting $9.65. The company had a trading volume of 852,686 shares, compared to its average volume of 846,570. The stock has a market cap of $16.05 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 0.71 and a beta of 0.77. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.20. The company has a fifty day simple moving average of $10.12 and a 200 day simple moving average of $10.25. Telefônica Brasil S.A. has a 12-month low of $7.87 and a 12-month high of $11.43.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings data on Tuesday, February 20th. The Wireless communications provider reported $0.20 EPS for the quarter. The firm had revenue of $2.73 billion during the quarter. Telefônica Brasil had a net margin of 9.70% and a return on equity of 7.33%. As a group, analysts predict that Telefônica Brasil S.A. will post 0.7 earnings per share for the current fiscal year.

Telefônica Brasil Cuts Dividend

The company also recently disclosed a — dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, January 1st were paid a dividend of $0.0373 per share. The ex-dividend date was Tuesday, April 30th. This represents a dividend yield of 4.7%. Telefônica Brasil’s payout ratio is 48.39%.

About Telefônica Brasil

Telefônica Brasil SA, together with its subsidiaries, operates as a mobile telecommunications company 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, 4.5G, and 5G, as well as mobile value-added and wireless roaming services.