355,066 Shares in Telefonica Brasil S.A. $VIV Bought by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda bought a new position in shares of Telefonica Brasil S.A. (NYSE:VIV) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 355,066 shares of the Wireless communications provider’s stock, valued at approximately $4,211,000. Telefonica Brasil comprises approximately 0.8% of Kapitalo Investimentos Ltda’s holdings, making the stock its 18th largest position.

A number of other institutional investors have also added to or reduced their stakes in VIV. Robeco Institutional Asset Management B.V. increased its holdings in Telefonica Brasil by 11.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 17,000,115 shares of the Wireless communications provider’s stock worth $216,751,000 after buying an additional 1,735,958 shares during the last quarter. Invesco Ltd. increased its holdings in Telefonica Brasil by 138.8% during the third quarter. Invesco Ltd. now owns 2,856,618 shares of the Wireless communications provider’s stock worth $36,422,000 after buying an additional 1,660,475 shares during the last quarter. Jane Street Group LLC acquired a new position in Telefonica Brasil during the second quarter worth $4,192,000. Carrera Capital Advisors increased its holdings in Telefonica Brasil by 2,420.5% during the third quarter. Carrera Capital Advisors now owns 344,055 shares of the Wireless communications provider’s stock worth $4,387,000 after buying an additional 330,405 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in Telefonica Brasil by 477.6% during the third quarter. Millennium Management LLC now owns 392,232 shares of the Wireless communications provider’s stock worth $5,001,000 after buying an additional 324,319 shares during the last quarter. 5.16% of the stock is currently owned by institutional investors and hedge funds.

Telefonica Brasil Stock Down 2.0%

VIV stock opened at $16.19 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 0.94. The stock has a market capitalization of $26.33 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 1.03 and a beta of 0.70. The business’s fifty day moving average price is $16.00 and its two-hundred day moving average price is $13.86. Telefonica Brasil S.A. has a fifty-two week low of $9.02 and a fifty-two week high of $17.25.

Telefonica Brasil (NYSE:VIV) last posted its quarterly earnings data on Thursday, February 12th. The Wireless communications provider reported $0.21 earnings per share for the quarter. The firm had revenue of $2.83 billion for the quarter. Telefonica Brasil had a return on equity of 9.15% and a net margin of 10.42%. On average, equities analysts anticipate that Telefonica Brasil S.A. will post 0.91 earnings per share for the current year.

Telefonica Brasil Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Friday, May 22nd will be given a dividend of $0.4562 per share. The ex-dividend date is Friday, May 22nd. Telefonica Brasil’s dividend payout ratio (DPR) is presently 34.29%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VIV. New Street Research upgraded Telefonica Brasil from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th. UBS Group cut Telefonica Brasil from a “buy” rating to a “sell” rating in a research note on Wednesday, March 11th. Wall Street Zen upgraded Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Scotiabank increased their price target on Telefonica Brasil from $12.50 to $15.30 and gave the company a “sector perform” rating in a research note on Monday, March 30th. Finally, Weiss Ratings upgraded Telefonica Brasil from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $14.08.

About Telefonica Brasil

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.