Signaturefd LLC Cuts Position in Telefônica Brasil S.A. (NYSE:VIV)

Signaturefd LLC cut its stake in Telefônica Brasil S.A. (NYSE:VIV) by 12.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,178 shares of the Wireless communications provider’s stock after selling 3,397 shares during the period. Signaturefd LLC’s holdings in Telefônica Brasil were worth $248,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC lifted its stake in Telefônica Brasil by 5.9% in the third quarter. Bleakley Financial Group LLC now owns 19,539 shares of the Wireless communications provider’s stock worth $201,000 after purchasing an additional 1,080 shares during the last quarter. Kathmere Capital Management LLC lifted its stake in Telefônica Brasil by 4.1% in the second quarter. Kathmere Capital Management LLC now owns 28,877 shares of the Wireless communications provider’s stock worth $237,000 after purchasing an additional 1,150 shares during the last quarter. Gabelli Funds LLC lifted its stake 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 purchasing an additional 1,500 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Telefônica Brasil by 2.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 56,552 shares of the Wireless communications provider’s stock worth $464,000 after purchasing an additional 1,558 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its stake in Telefônica Brasil by 5.0% in the second quarter. V Square Quantitative Management LLC now owns 50,378 shares of the Wireless communications provider’s stock worth $415,000 after purchasing an additional 2,382 shares during the last quarter. 5.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VIV has been the subject of several recent research reports. Morgan Stanley raised shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a research note on Thursday, July 11th. StockNews.com downgraded shares of Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 21st. Scotiabank upped their price objective on shares of Telefônica Brasil from $9.20 to $10.40 and gave the company a “sector perform” rating in a research note on Friday, September 20th. Finally, Barclays upped their price objective on shares of Telefônica Brasil from $11.00 to $11.50 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $10.97.

Telefônica Brasil Stock Performance

Shares of NYSE:VIV opened at $9.28 on Friday. Telefônica Brasil S.A. has a 12 month low of $8.02 and a 12 month high of $11.43. The company has a market cap of $15.44 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth 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 $9.16. The company has a current ratio of 1.03, a quick ratio of 0.98 and a debt-to-equity ratio of 0.21.

Telefônica Brasil (NYSE:VIV) last released its quarterly earnings results on Monday, July 29th. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. Telefônica Brasil had a net margin of 9.65% and a return on equity of 7.53%. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the prior year, the firm earned $0.14 earnings per share. As a group, equities analysts anticipate that Telefônica Brasil S.A. will post 0.61 EPS for the current 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 $0.0379 dividend. This represents a yield of 3.2%. The ex-dividend date was Tuesday, August 27th. Telefônica Brasil’s payout ratio is currently 42.86%.

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.