Hsbc Holdings PLC Has $2.26 Million Stock Holdings in Telefonica Brasil S.A. $VIV

Hsbc Holdings PLC raised its position in Telefonica Brasil S.A. (NYSE:VIV) by 26.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 190,168 shares of the Wireless communications provider’s stock after buying an additional 39,782 shares during the period. Hsbc Holdings PLC’s holdings in Telefonica Brasil were worth $2,259,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Coldstream Capital Management Inc. lifted its stake in shares of Telefonica Brasil by 6.0% during the fourth quarter. Coldstream Capital Management Inc. now owns 11,802 shares of the Wireless communications provider’s stock valued at $140,000 after acquiring an additional 672 shares during the period. Ieq Capital LLC increased its position in Telefonica Brasil by 3.4% in the fourth quarter. Ieq Capital LLC now owns 22,285 shares of the Wireless communications provider’s stock worth $264,000 after purchasing an additional 727 shares during the period. Kestra Private Wealth Services LLC raised its holdings in Telefonica Brasil by 2.9% during the 4th quarter. Kestra Private Wealth Services LLC now owns 26,638 shares of the Wireless communications provider’s stock worth $316,000 after purchasing an additional 744 shares during the last quarter. BSW Wealth Partners raised its holdings in Telefonica Brasil by 2.1% during the 4th quarter. BSW Wealth Partners now owns 36,804 shares of the Wireless communications provider’s stock worth $436,000 after purchasing an additional 770 shares during the last quarter. Finally, Aprio Wealth Management LLC lifted its position in Telefonica Brasil by 2.2% during the 4th quarter. Aprio Wealth Management LLC now owns 39,645 shares of the Wireless communications provider’s stock valued at $470,000 after purchasing an additional 845 shares during the period. Institutional investors own 5.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on VIV shares. Scotiabank reduced their target price on shares of Telefonica Brasil from $15.70 to $15.40 and set a “sector perform” rating on the stock in a research note on Wednesday, May 27th. New Street Research upgraded shares of Telefonica Brasil from a “neutral” rating to a “buy” rating in a report on Tuesday, April 7th. Barclays set a $16.50 price objective on shares of Telefonica Brasil and gave the company an “equal weight” rating in a research note on Friday, April 17th. Bradesco Corretora lowered shares of Telefonica Brasil to a “neutral” rating in a report on Tuesday, April 28th. Finally, Zacks Research cut shares of Telefonica Brasil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Telefonica Brasil currently has an average rating of “Reduce” and a consensus price target of $14.36.

Telefonica Brasil Price Performance

Shares of VIV opened at $13.97 on Friday. 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 S.A. has a 1 year low of $10.79 and a 1 year high of $17.25. The stock has a market cap of $22.72 billion, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 0.71 and a beta of 0.56. The stock’s 50-day moving average price is $13.64 and its two-hundred day moving average price is $14.39.

Telefonica Brasil (NYSE:VIV) last announced its quarterly earnings results on Thursday, May 7th. The Wireless communications provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.98 billion. Telefonica Brasil had a net margin of 10.49% and a return on equity of 9.32%. On average, equities analysts predict that Telefonica Brasil S.A. will post 0.97 earnings per share for the current 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 paid a $0.4562 dividend. The ex-dividend date of this dividend is Friday, May 22nd. Telefonica Brasil’s dividend payout ratio is presently 37.84%.

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.