Telefônica Brasil S.A. (NYSE:VIV) Shares Purchased by Brandes Investment Partners LP

Brandes Investment Partners LP boosted its holdings in shares of Telefônica Brasil S.A. (NYSE:VIV) by 14.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 2,206,334 shares of the Wireless communications provider’s stock after buying an additional 275,569 shares during the quarter. Brandes Investment Partners LP’s holdings in Telefônica Brasil were worth $18,261,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VIV. Goldman Sachs Group Inc. increased its position in shares of Telefônica Brasil by 165.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,856,545 shares of the Wireless communications provider’s stock worth $20,311,000 after purchasing an additional 1,157,304 shares during the last quarter. Pinebridge Investments L.P. raised its holdings in shares of 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 period. Millennium Management LLC lifted its stake in Telefônica Brasil by 96.8% during the 2nd quarter. Millennium Management LLC now owns 544,019 shares of the Wireless communications provider’s stock worth $4,466,000 after acquiring an additional 267,652 shares in the last quarter. Summit Global Investments boosted its holdings in Telefônica Brasil by 82.4% during the 2nd quarter. Summit Global Investments now owns 523,647 shares of the Wireless communications provider’s stock valued at $4,299,000 after acquiring an additional 236,594 shares during the period. Finally, Acadian Asset Management LLC grew its position in Telefônica Brasil by 308.7% in the 2nd quarter. Acadian Asset Management LLC now owns 264,192 shares of the Wireless communications provider’s stock valued at $2,166,000 after acquiring an additional 199,546 shares in the last quarter. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on VIV shares. Barclays upped their target price on shares of Telefônica Brasil from $11.00 to $11.50 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Scotiabank boosted their target price on Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a research note on Friday, September 20th. StockNews.com upgraded Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 25th. Finally, Morgan Stanley upgraded Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a research note on Thursday, July 11th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Telefônica Brasil presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.97.

Telefônica Brasil Stock Performance

NYSE:VIV opened at $10.22 on Monday. Telefônica Brasil S.A. has a 12 month low of $8.02 and a 12 month high of $11.43. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.03 and a quick ratio of 0.98. The firm has a market capitalization of $17.00 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 1.00 and a beta of 0.79. The business’s fifty day moving average price is $9.39 and its 200 day moving average price is $9.22.

Telefônica Brasil (NYSE:VIV) last posted its earnings results on Monday, July 29th. The Wireless communications provider reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. The firm had revenue of $2.62 billion during 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 quarter in the previous year, the business earned $0.14 earnings per share. On average, sell-side analysts anticipate that Telefônica Brasil S.A. will post 0.61 earnings per share for the current fiscal year.

Telefônica Brasil Cuts Dividend

The business also recently declared a — dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 27th were paid a dividend of $0.0379 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a yield of 3.2%. Telefônica Brasil’s dividend payout ratio is currently 44.44%.

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.