Diversify Wealth Management LLC increased its stake in shares of Telefonica Brasil S.A. (NYSE:VIV – Free Report) by 41.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,583 shares of the Wireless communications provider’s stock after buying an additional 43,939 shares during the period. Diversify Wealth Management LLC’s holdings in Telefonica Brasil were worth $2,290,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in VIV. 180 Wealth Advisors LLC bought a new position in shares of Telefonica Brasil in the first quarter worth about $305,000. Hsbc Holdings PLC grew its stake in shares of Telefonica Brasil by 17.2% during the first quarter. Hsbc Holdings PLC now owns 222,817 shares of the Wireless communications provider’s stock valued at $3,543,000 after purchasing an additional 32,649 shares during the last quarter. Personal CFO Solutions LLC grew its stake in shares of Telefonica Brasil by 5.4% during the first quarter. Personal CFO Solutions LLC now owns 21,793 shares of the Wireless communications provider’s stock valued at $348,000 after purchasing an additional 1,111 shares during the last quarter. Kathmere Capital Management LLC increased its holdings in shares of Telefonica Brasil by 2.3% in the first quarter. Kathmere Capital Management LLC now owns 72,933 shares of the Wireless communications provider’s stock valued at $1,160,000 after purchasing an additional 1,656 shares in the last quarter. Finally, Lesa Sroufe & Co increased its holdings in shares of Telefonica Brasil by 2.3% in the first quarter. Lesa Sroufe & Co now owns 229,279 shares of the Wireless communications provider’s stock valued at $3,648,000 after purchasing an additional 5,046 shares in the last quarter. Institutional investors own 5.16% of the company’s stock.
Telefonica Brasil Stock Performance
VIV stock opened at $13.54 on Tuesday. Telefonica Brasil S.A. has a twelve month low of $10.79 and a twelve month high of $17.25. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 0.21. The company has a market cap of $22.02 billion, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 0.74 and a beta of 0.56. The business’s fifty day moving average is $13.60 and its 200-day moving average is $14.43.
Telefonica Brasil Announces Dividend
The business also recently announced a dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.4562 per share. The ex-dividend date is Friday, May 22nd. Telefonica Brasil’s dividend payout ratio (DPR) is 37.84%.
Analyst Ratings Changes
Several research firms have issued reports on VIV. Wall Street Zen downgraded Telefonica Brasil from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. The Goldman Sachs Group started coverage on Telefonica Brasil in a research note on Monday, May 18th. They issued a “sell” rating and a $13.90 target price for the company. Scotiabank dropped their target price on Telefonica Brasil from $15.70 to $15.40 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. Zacks Research lowered Telefonica Brasil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings cut Telefonica Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 7th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $14.36.
Get Our Latest Analysis on VIV
Telefonica Brasil Profile
Telefônica Brasil SA, commonly marketed under the Vivo brand, is one of Brazil’s largest telecommunications providers, offering a broad range of consumer and enterprise communications services. The company’s core activities include mobile voice and data services, fixed-line telephony, broadband internet (including fiber-to-the-home), and pay-TV solutions. It also provides ICT and managed services for business customers, such as cloud, data center, connectivity, Internet of Things (IoT) and security solutions.
Vivo operates a nationwide network across Brazil and serves both individual consumers and corporate clients.
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