Banco BTG Pactual S.A. Invests $707,000 in Telefonica Brasil S.A. $VIV

Banco BTG Pactual S.A. purchased a new position in shares of Telefonica Brasil S.A. (NYSE:VIV) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 59,600 shares of the Wireless communications provider’s stock, valued at approximately $707,000.

Several other institutional investors have also modified their holdings of VIV. Rhumbline Advisers grew its position in shares of Telefonica Brasil by 337.7% during the first 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 last quarter. Advisors Asset Management Inc. bought a new position in shares of Telefonica Brasil during the first quarter worth about $52,000. EverSource Wealth Advisors LLC grew its position in shares of Telefonica Brasil by 214.0% during the second quarter. EverSource Wealth Advisors LLC now owns 4,766 shares of the Wireless communications provider’s stock worth $54,000 after acquiring an additional 3,248 shares during the last quarter. SG Americas Securities LLC bought a new position in Telefonica Brasil in the 4th quarter valued at about $110,000. Finally, Xponance Inc. bought a new position in Telefonica Brasil in the 3rd quarter valued at about $130,000. Institutional investors own 5.16% of the company’s stock.

Telefonica Brasil Price Performance

Shares of NYSE VIV opened at $13.20 on Friday. Telefonica Brasil S.A. has a twelve month low of $10.59 and a twelve month high of $17.25. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $21.46 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 0.68 and a beta of 0.56. The firm has a 50-day moving average of $14.91 and a two-hundred day moving average of $14.31.

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

Telefonica Brasil Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.4562 per share. The ex-dividend date of this dividend is Friday, May 22nd. Telefonica Brasil’s dividend payout ratio is currently 100.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wall Street Zen lowered shares of Telefonica Brasil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. UBS Group lowered shares of Telefonica Brasil from a “buy” rating to a “sell” rating in a research report on Wednesday, March 11th. Scotiabank decreased their target price on shares of Telefonica Brasil from $15.70 to $15.40 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. Zacks Research lowered shares of Telefonica Brasil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings lowered shares of Telefonica Brasil from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus 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.