Oppenheimer Asset Management Inc. Has $184,000 Stake in Telefônica Brasil S.A. (NYSE:VIV)

Oppenheimer Asset Management Inc. boosted its holdings in Telefônica Brasil S.A. (NYSE:VIV) by 42.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,472 shares of the Wireless communications provider’s stock after purchasing an additional 6,666 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Telefônica Brasil were worth $184,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC raised its holdings in shares of Telefônica Brasil by 20.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 399,318 shares of the Wireless communications provider’s stock worth $4,021,000 after acquiring an additional 67,414 shares during the last quarter. Pinebridge Investments L.P. raised its position in Telefônica Brasil by 82.7% in the 4th quarter. Pinebridge Investments L.P. now owns 1,601,608 shares of the Wireless communications provider’s stock valued at $17,517,000 after buying an additional 725,072 shares during the last quarter. Banco BTG Pactual S.A. bought a new position in Telefônica Brasil during the 4th quarter valued at $6,208,000. Acadian Asset Management LLC purchased a new position in Telefônica Brasil during the 1st quarter worth $650,000. Finally, Vanguard Group Inc. grew its stake in shares of Telefônica Brasil by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 1,222,562 shares of the Wireless communications provider’s stock worth $12,311,000 after acquiring an additional 72,388 shares in the last quarter. Institutional investors and hedge funds own 5.16% of the company’s stock.

Telefônica Brasil Stock Performance

Shares of VIV stock opened at $10.00 on Monday. The firm has a market cap of $16.64 billion, a price-to-earnings ratio of 15.87, a P/E/G ratio of 1.00 and a beta of 0.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.98 and a current ratio of 1.03. Telefônica Brasil S.A. has a 52 week low of $8.02 and a 52 week high of $11.43. The firm’s 50-day simple moving average is $9.28 and its two-hundred day simple moving average is $9.23.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings data on Monday, July 29th. The Wireless communications provider reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.51 billion. Telefônica Brasil had a net margin of 9.65% and a return on equity of 7.53%. During the same quarter in the previous year, the firm posted $0.14 earnings per share. As a group, equities analysts forecast that Telefônica Brasil S.A. will post 0.61 earnings per share for the current year.

Telefônica Brasil Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 27th were given a $0.0379 dividend. This represents a yield of 3.2%. The ex-dividend date was Tuesday, August 27th. Telefônica Brasil’s dividend payout ratio is 47.62%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on VIV. Morgan Stanley upgraded shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a report on Thursday, July 11th. Scotiabank boosted their price target on shares of Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a report on Friday. Barclays boosted their price target on shares of Telefônica Brasil from $11.00 to $11.50 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Finally, StockNews.com cut shares of Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 17th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.98.

Telefônica Brasil Company 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.