10,787 Shares in Telefônica Brasil S.A. (NYSE:VIV) Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp acquired a new stake in shares of Telefônica Brasil S.A. (NYSE:VIV) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 10,787 shares of the Wireless communications provider’s stock, valued at approximately $81,000.

Several other hedge funds and other institutional investors have also made changes to their positions in VIV. Quantinno Capital Management LP raised its holdings in shares of Telefônica Brasil by 3.5% in the third quarter. Quantinno Capital Management LP now owns 33,370 shares of the Wireless communications provider’s stock worth $343,000 after buying an additional 1,136 shares during the period. GAMMA Investing LLC grew its position in Telefônica Brasil by 67.8% in the 4th quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 1,543 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Telefônica Brasil by 10.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,037 shares of the Wireless communications provider’s stock worth $151,000 after purchasing an additional 1,873 shares during the period. Allworth Financial LP lifted its position in shares of Telefônica Brasil by 86.4% during the fourth quarter. Allworth Financial LP now owns 4,169 shares of the Wireless communications provider’s stock worth $31,000 after purchasing an additional 1,933 shares during the last quarter. Finally, DGS Capital Management LLC boosted its stake in shares of Telefônica Brasil by 3.1% during the third quarter. DGS Capital Management LLC now owns 65,781 shares of the Wireless communications provider’s stock valued at $676,000 after purchasing an additional 1,984 shares during the period. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Telefônica Brasil Price Performance

Shares of VIV opened at $8.76 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96. The company has a 50 day moving average price of $8.75 and a 200-day moving average price of $8.84. Telefônica Brasil S.A. has a fifty-two week low of $7.47 and a fifty-two week high of $10.41. The stock has a market capitalization of $14.48 billion, a PE ratio of 13.91, a PEG ratio of 0.84 and a beta of 0.76.

Telefônica Brasil (NYSE:VIV) last issued its quarterly earnings data on Tuesday, February 25th. The Wireless communications provider reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.39 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. Equities analysts predict that Telefônica Brasil S.A. will post 0.6 earnings per share for the current fiscal year.

Telefônica Brasil Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 25th were paid a dividend of $0.0215 per share. This is a boost from Telefônica Brasil’s previous dividend of $0.02. The ex-dividend date of this dividend was Tuesday, March 25th. Telefônica Brasil’s dividend payout ratio is 50.82%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. The Goldman Sachs Group reduced their price target on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Barclays raised shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $11.80 to $11.50 in a research report on Monday, March 3rd. New Street Research lowered Telefônica Brasil from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. StockNews.com upgraded Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Friday, March 7th. Finally, Scotiabank decreased their target price on Telefônica Brasil from $10.40 to $9.20 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Telefônica Brasil currently has an average rating of “Moderate Buy” and a consensus price target of $9.97.

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.