Telefonica Brasil SA (NYSE:viv) announced a dividend on Wednesday, September 21st. Investors of record on Wednesday, October 5th will be paid a dividend of 0.104 per share on Wednesday, October 5th. The ex-dividend date is Monday, October 3rd.

Several hedge funds have recently added to or reduced their stakes in VIV. BlackRock Group LTD increased its stake in Telefonica Brasil SA by 162.1% in the second quarter. BlackRock Group LTD now owns 2,147,164 shares of the company’s stock worth $29,202,000 after buying an additional 1,327,924 shares during the last quarter. Hsbc Holdings PLC increased its stake in Telefonica Brasil SA by 186.7% in the second quarter. Hsbc Holdings PLC now owns 627,401 shares of the company’s stock worth $8,522,000 after buying an additional 408,573 shares during the last quarter. Vanguard Group Inc. increased its stake in Telefonica Brasil SA by 16.3% in the second quarter. Vanguard Group Inc. now owns 2,551,810 shares of the company’s stock worth $34,704,000 after buying an additional 358,490 shares during the last quarter. AQR Capital Management LLC increased its stake in Telefonica Brasil SA by 279.9% in the second quarter. AQR Capital Management LLC now owns 368,441 shares of the company’s stock worth $5,011,000 after buying an additional 271,446 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in Telefonica Brasil SA by 6.8% in the second quarter. Parametric Portfolio Associates LLC now owns 2,144,020 shares of the company’s stock worth $29,159,000 after buying an additional 136,085 shares during the last quarter. Institutional investors and hedge funds own 10.28% of the company’s stock.

Telefonica Brasil SA (NYSE:VIV) opened at 14.70 on Thursday. The firm has a market cap of $24.82 billion, a price-to-earnings ratio of 21.18 and a beta of 1.58. Telefonica Brasil SA has a one year low of $7.72 and a one year high of $15.69. The firm has a 50 day moving average of $14.72 and a 200-day moving average of $13.04.

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VIV has been the topic of a number of analyst reports. Credit Suisse Group AG lowered shares of Telefonica Brasil SA from an “outperform” rating to a “neutral” rating in a research report on Wednesday, May 25th. Goldman Sachs Group Inc. restated a “neutral” rating on shares of Telefonica Brasil SA in a research report on Tuesday, June 28th. Zacks Investment Research upgraded shares of Telefonica Brasil SA from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Monday, July 4th. Morgan Stanley lowered shares of Telefonica Brasil SA from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 6th. Finally, Barclays PLC raised their target price on shares of Telefonica Brasil SA from $17.00 to $17.50 and gave the stock an “overweight” rating in a research report on Thursday, July 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $13.88.

About Telefonica Brasil SA

Telefonica Brasil SA is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband (UBB), Pay television, information technology and digital services (such as e-health, cloud and financial services).

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