Hsbc Holdings PLC Raises Stock Position in Telefonica Brasil S.A. $VIV

Hsbc Holdings PLC grew its stake in Telefonica Brasil S.A. (NYSE:VIV) by 26.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 190,168 shares of the Wireless communications provider’s stock after purchasing an additional 39,782 shares during the quarter. Hsbc Holdings PLC’s holdings in Telefonica Brasil were worth $2,259,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Royal Bank of Canada raised its stake in Telefonica Brasil by 30.3% in the first quarter. Royal Bank of Canada now owns 431,051 shares of the Wireless communications provider’s stock worth $3,758,000 after buying an additional 100,315 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in Telefonica Brasil during the 1st quarter valued at approximately $52,000. Rhumbline Advisers grew its holdings in shares of Telefonica Brasil by 337.7% during the 1st quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider’s stock worth $37,000 after acquiring an additional 3,266 shares during the period. Cetera Investment Advisers grew its holdings in shares of Telefonica Brasil by 13.8% during the 2nd quarter. Cetera Investment Advisers now owns 48,646 shares of the Wireless communications provider’s stock worth $555,000 after acquiring an additional 5,902 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Telefonica Brasil by 31.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 79,937 shares of the Wireless communications provider’s stock worth $911,000 after acquiring an additional 18,975 shares in the last quarter. Institutional investors own 5.16% of the company’s stock.

Telefonica Brasil Trading Down 1.4%

Telefonica Brasil stock opened at $13.27 on Tuesday. Telefonica Brasil S.A. has a 12 month low of $10.79 and a 12 month high of $17.25. The company has a market capitalization of $21.58 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 0.71 and a beta of 0.56. The business’s fifty day simple moving average is $14.12 and its two-hundred day simple moving average is $14.33. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 0.21.

Telefonica Brasil (NYSE:VIV) last posted its quarterly earnings results on Thursday, May 7th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02). The company had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Telefonica Brasil had a return on equity of 9.32% and a net margin of 10.49%. As a group, equities analysts predict that Telefonica Brasil S.A. will post 0.97 earnings per share for the current fiscal year.

Telefonica Brasil Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Friday, May 22nd will be issued a $0.4562 dividend. The ex-dividend date of this dividend is Friday, May 22nd. Telefonica Brasil’s payout ratio is 36.49%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Weiss Ratings lowered Telefonica Brasil from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered Telefonica Brasil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. The Goldman Sachs Group assumed coverage on shares of Telefonica Brasil in a report on Monday, May 18th. They set a “sell” rating and a $13.90 target price on the stock. Zacks Research downgraded shares of Telefonica Brasil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Finally, New Street Research upgraded shares of Telefonica Brasil from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $14.36.

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.