Diversify Wealth Management LLC Has $2.29 Million Stake in Telefonica Brasil S.A. $VIV

Diversify Wealth Management LLC increased its position in Telefonica Brasil S.A. (NYSE:VIV) by 41.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 150,583 shares of the Wireless communications provider’s stock after purchasing an additional 43,939 shares during the quarter. Diversify Wealth Management LLC’s holdings in Telefonica Brasil were worth $2,290,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Arax Advisory Partners lifted its holdings in shares of Telefonica Brasil by 54.4% during the 4th quarter. Arax Advisory Partners now owns 3,773 shares of the Wireless communications provider’s stock worth $45,000 after acquiring an additional 1,330 shares during the period. Rhumbline Advisers boosted its position 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 valued at $37,000 after acquiring an additional 3,266 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Telefonica Brasil by 214.0% in the second quarter. EverSource Wealth Advisors LLC now owns 4,766 shares of the Wireless communications provider’s stock valued at $54,000 after acquiring an additional 3,248 shares during the period. Advisors Asset Management Inc. bought a new stake in Telefonica Brasil in the first quarter valued at about $52,000. Finally, SG Americas Securities LLC acquired a new position in Telefonica Brasil in the fourth quarter worth about $110,000. Institutional investors and hedge funds own 5.16% of the company’s stock.

Telefonica Brasil Price Performance

NYSE:VIV opened at $13.54 on Tuesday. 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 firm has a market cap of $22.02 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 0.74 and a beta of 0.56. Telefonica Brasil S.A. has a 12 month low of $10.79 and a 12 month high of $17.25. The company’s 50-day moving average price is $13.60 and its two-hundred day moving average price is $14.43.

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

Telefonica Brasil Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, July 21st. Investors of record on Friday, May 22nd will be issued a dividend of $0.4562 per share. The ex-dividend date of this dividend is Friday, May 22nd. Telefonica Brasil’s dividend payout ratio (DPR) is currently 37.84%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on VIV shares. Weiss Ratings downgraded Telefonica Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 7th. New Street Research raised Telefonica Brasil from a “neutral” rating to a “buy” rating in a report on Tuesday, April 7th. Barclays set a $16.50 target price on Telefonica Brasil and gave the stock an “equal weight” rating in a research report on Friday, April 17th. Bradesco Corretora lowered Telefonica Brasil to a “neutral” rating in a research note on Tuesday, April 28th. Finally, Wall Street Zen cut Telefonica Brasil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Telefonica Brasil presently has an average rating of “Reduce” and an average target price of $14.36.

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.