Telefonica Brasil S.A. $VIV Shares Sold by Strs Ohio

Strs Ohio trimmed its stake in Telefonica Brasil S.A. (NYSE:VIV) by 13.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 620,602 shares of the Wireless communications provider’s stock after selling 94,507 shares during the period. Strs Ohio’s holdings in Telefonica Brasil were worth $9,874,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VIV. Robeco Institutional Asset Management B.V. grew its holdings in shares of Telefonica Brasil by 0.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 17,145,564 shares of the Wireless communications provider’s stock worth $203,346,000 after purchasing an additional 145,449 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Telefonica Brasil by 8.3% in the 4th quarter. Invesco Ltd. now owns 3,094,219 shares of the Wireless communications provider’s stock valued at $36,697,000 after purchasing an additional 237,601 shares during the last quarter. Aberdeen Group plc grew its stake in Telefonica Brasil by 1.3% during the 4th quarter. Aberdeen Group plc now owns 2,949,455 shares of the Wireless communications provider’s stock worth $34,981,000 after buying an additional 37,899 shares during the last quarter. Two Sigma Investments LP increased its position in Telefonica Brasil by 22.5% during the third quarter. Two Sigma Investments LP now owns 1,672,947 shares of the Wireless communications provider’s stock worth $21,330,000 after buying an additional 307,501 shares during the period. Finally, Amundi lifted its stake in Telefonica Brasil by 3.4% in the fourth quarter. Amundi now owns 1,261,713 shares of the Wireless communications provider’s stock valued at $14,964,000 after buying an additional 40,932 shares during the last quarter. 5.16% of the stock is currently owned by institutional investors and hedge funds.

Telefonica Brasil Stock Down 0.0%

Shares of Telefonica Brasil stock opened at $13.24 on Monday. Telefonica Brasil S.A. has a one year low of $10.79 and a one year high of $17.25. The company has a market cap of $21.55 billion, a P/E ratio of 17.90, a PEG ratio of 0.70 and a beta of 0.56. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.03 and a current ratio of 1.10. The firm has a fifty day moving average of $13.87 and a two-hundred day moving average of $14.36.

Telefonica Brasil (NYSE:VIV) last issued its quarterly earnings results on Thursday, May 7th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, analysts forecast that Telefonica Brasil S.A. will post 0.97 earnings per share for the current year.

Telefonica Brasil Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Friday, May 22nd will be given a dividend of $0.4562 per share. The ex-dividend date is Friday, May 22nd. Telefonica Brasil’s payout ratio is presently 37.84%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. New Street Research upgraded shares of Telefonica Brasil from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 7th. The Goldman Sachs Group assumed coverage on shares of Telefonica Brasil in a research report on Monday, May 18th. They set a “sell” rating and a $13.90 price objective on the stock. Weiss Ratings lowered shares of Telefonica Brasil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Barclays set a $16.50 target price on shares of Telefonica Brasil and gave the stock an “equal weight” rating in a research note on Friday, April 17th. Finally, Wall Street Zen cut Telefonica Brasil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus 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.