Telefônica Brasil S.A. (NYSE:VIV) Position Lowered by Federated Hermes Inc.

Federated Hermes Inc. trimmed its position in Telefônica Brasil S.A. (NYSE:VIV) by 6.2% in the second quarter, Holdings Channel reports. The firm owned 563,593 shares of the Wireless communications provider’s stock after selling 37,107 shares during the quarter. Federated Hermes Inc.’s holdings in Telefônica Brasil were worth $4,627,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caprock Group LLC grew its position in shares of Telefônica Brasil by 85.9% in the 2nd quarter. Caprock Group LLC now owns 52,110 shares of the Wireless communications provider’s stock worth $428,000 after acquiring an additional 24,073 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Telefônica Brasil by 308.7% in the second quarter. Acadian Asset Management LLC now owns 264,192 shares of the Wireless communications provider’s stock worth $2,166,000 after purchasing an additional 199,546 shares during the period. Natixis Advisors LLC boosted its holdings in Telefônica Brasil by 12.0% in the second quarter. Natixis Advisors LLC now owns 83,483 shares of the Wireless communications provider’s stock worth $685,000 after purchasing an additional 8,943 shares during the period. Waterfront Wealth Inc. increased its stake in Telefônica Brasil by 134.6% during the second quarter. Waterfront Wealth Inc. now owns 203,837 shares of the Wireless communications provider’s stock valued at $1,674,000 after purchasing an additional 116,957 shares during the last quarter. Finally, Hantz Financial Services Inc. acquired a new stake in shares of Telefônica Brasil during the second quarter worth $702,000. 5.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VIV has been the subject of several research reports. Morgan Stanley raised shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a report on Thursday, July 11th. StockNews.com lowered Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, Barclays upped their price objective on Telefônica Brasil from $11.00 to $11.50 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $11.17.

Telefônica Brasil Price Performance

NYSE VIV opened at $10.20 on Thursday. The company has a 50-day moving average price of $9.23 and a two-hundred day moving average price of $9.25. The stock has a market cap of $16.97 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 1.00 and a beta of 0.79. The company has a current ratio of 1.03, a quick ratio of 0.98 and a debt-to-equity ratio of 0.21. Telefônica Brasil S.A. has a 52 week low of $8.02 and a 52 week high of $11.43.

Telefônica Brasil (NYSE:VIV) last posted its earnings results on Monday, July 29th. The Wireless communications provider reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. The firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Telefônica Brasil had a return on equity of 7.53% and a net margin of 9.65%. During the same period last year, the firm earned $0.14 EPS. Analysts forecast that Telefônica Brasil S.A. will post 0.61 EPS for the current year.

Telefônica Brasil Cuts Dividend

The firm also recently declared a — dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 27th were issued a dividend of $0.0379 per share. This represents a dividend yield of 3.2%. The ex-dividend date was Tuesday, August 27th. Telefônica Brasil’s dividend payout ratio (DPR) is 47.62%.

Telefônica Brasil Profile

Telefônica Brasil SA, together with its subsidiaries, operates as a mobile telecommunications company in Brazil. Its fixed line services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband internet access through 3G, 4G, 4.5G, and 5G, as well as mobile value-added and wireless roaming services.