Telefônica Brasil S.A. (NYSE:VIV) Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC boosted its position in shares of Telefônica Brasil S.A. (NYSE:VIV) by 5.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 19,539 shares of the Wireless communications provider’s stock after acquiring an additional 1,080 shares during the quarter. Bleakley Financial Group LLC’s holdings in Telefônica Brasil were worth $201,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of VIV. Blue Trust Inc. grew its position in shares of Telefônica Brasil by 2,821.8% in the second quarter. Blue Trust Inc. now owns 3,214 shares of the Wireless communications provider’s stock valued at $26,000 after purchasing an additional 3,104 shares in the last quarter. QRG Capital Management Inc. purchased a new position in shares of Telefônica Brasil during the second quarter worth about $83,000. Arkfeld Wealth Strategies L.L.C. purchased a new position in shares of Telefônica Brasil during the second quarter worth about $85,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Telefônica Brasil during the first quarter worth about $123,000. Finally, Aprio Wealth Management LLC purchased a new position in shares of Telefônica Brasil during the third quarter worth about $134,000. Institutional investors and hedge funds own 5.16% of the company’s stock.

Telefônica Brasil Trading Up 0.6 %

Telefônica Brasil stock opened at $9.47 on Friday. Telefônica Brasil S.A. has a 52 week low of $8.02 and a 52 week high of $11.43. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.98 and a current ratio of 1.03. The firm has a market capitalization of $15.75 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 0.93 and a beta of 0.80. The company has a 50 day moving average price of $9.71 and a 200 day moving average price of $9.17.

Telefônica Brasil (NYSE:VIV) last released its quarterly earnings results on Monday, July 29th. The Wireless communications provider reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. Telefônica Brasil had a net margin of 9.65% and a return on equity of 7.53%. The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter last year, the firm earned $0.14 EPS. Research 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. Investors of record on Tuesday, August 27th were issued a dividend of $0.0379 per share. The ex-dividend date was Tuesday, August 27th. This represents a yield of 3.2%. Telefônica Brasil’s dividend payout ratio is 46.03%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VIV. Barclays lifted their price objective on Telefônica Brasil from $11.00 to $11.50 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Scotiabank lifted their price objective on Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a research report on Friday, September 20th. Morgan Stanley upgraded Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a report on Thursday, July 11th. Finally, StockNews.com cut shares of Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research report on Monday. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Telefônica Brasil has an average rating of “Moderate Buy” and a consensus price target of $10.97.

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.