Vanguard Personalized Indexing Management LLC Has $464,000 Stock Position in Telefônica Brasil S.A. (NYSE:VIV)

Vanguard Personalized Indexing Management LLC grew its position in Telefônica Brasil S.A. (NYSE:VIV) by 2.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,552 shares of the Wireless communications provider’s stock after purchasing an additional 1,558 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Telefônica Brasil were worth $464,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VIV. Gabelli Funds LLC increased its holdings in Telefônica Brasil by 0.5% in the first quarter. Gabelli Funds LLC now owns 330,000 shares of the Wireless communications provider’s stock worth $3,323,000 after buying an additional 1,500 shares during the last quarter. Bleakley Financial Group LLC raised its holdings in shares of Telefônica Brasil by 11.9% during the 1st quarter. Bleakley Financial Group LLC now owns 15,264 shares of the Wireless communications provider’s stock valued at $154,000 after purchasing an additional 1,625 shares in the last quarter. Janiczek Wealth Management LLC boosted its holdings in Telefônica Brasil by 3.1% in the first quarter. Janiczek Wealth Management LLC now owns 75,756 shares of the Wireless communications provider’s stock worth $763,000 after purchasing an additional 2,292 shares in the last quarter. V Square Quantitative Management LLC increased its position in Telefônica Brasil by 5.0% during the second quarter. V Square Quantitative Management LLC now owns 50,378 shares of the Wireless communications provider’s stock worth $415,000 after buying an additional 2,382 shares during the last quarter. Finally, Aprio Wealth Management LLC raised its holdings in Telefônica Brasil by 21.8% during the first quarter. Aprio Wealth Management LLC now owns 15,953 shares of the Wireless communications provider’s stock valued at $161,000 after buying an additional 2,853 shares in the last quarter. 5.16% of the stock is owned by hedge funds and other institutional investors.

Telefônica Brasil Stock Up 1.5 %

Shares of NYSE VIV opened at $10.23 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 business has a fifty day moving average of $9.36 and a two-hundred day moving average of $9.24. The stock has a market cap of $17.01 billion, a PE ratio of 16.23, a PEG ratio of 1.00 and a beta of 0.79.

Telefônica Brasil (NYSE:VIV) last issued its quarterly earnings data on Monday, July 29th. The Wireless communications provider reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. Telefônica Brasil had a net margin of 9.65% and a return on equity of 7.53%. The firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the prior year, the firm earned $0.14 earnings per share. As a group, equities research analysts expect that Telefônica Brasil S.A. will post 0.61 earnings per share for the current fiscal year.

Telefônica Brasil Cuts Dividend

The firm 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. The ex-dividend date was Tuesday, August 27th. This represents a yield of 3.2%. Telefônica Brasil’s payout ratio is 44.44%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on VIV shares. Morgan Stanley raised Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a report on Thursday, July 11th. Barclays lifted their price target on Telefônica Brasil from $11.00 to $11.50 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. StockNews.com upgraded shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Finally, Scotiabank boosted their price objective on Telefônica Brasil from $9.20 to $10.40 and gave the company a “sector perform” rating in a research report on Friday, September 20th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $10.98.

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.