Dorsey Wright & Associates Grows Position in Telefonica Brasil S.A. $VIV

Dorsey Wright & Associates raised its holdings in Telefonica Brasil S.A. (NYSE:VIV) by 39.6% during the first quarter, Holdings Channel reports. The institutional investor owned 179,712 shares of the Wireless communications provider’s stock after buying an additional 51,010 shares during the period. Dorsey Wright & Associates’ holdings in Telefonica Brasil were worth $2,859,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VIV. Coldstream Capital Management Inc. raised its stake in Telefonica Brasil by 6.0% during the 4th quarter. Coldstream Capital Management Inc. now owns 11,802 shares of the Wireless communications provider’s stock worth $140,000 after acquiring an additional 672 shares in the last quarter. Ieq Capital LLC raised its stake in Telefonica Brasil by 3.4% during the 4th quarter. Ieq Capital LLC now owns 22,285 shares of the Wireless communications provider’s stock valued at $264,000 after acquiring an additional 727 shares during the last quarter. Kestra Private Wealth Services LLC lifted its holdings in shares of Telefonica Brasil by 2.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 26,638 shares of the Wireless communications provider’s stock worth $316,000 after purchasing an additional 744 shares during the period. BSW Wealth Partners lifted its stake in shares of Telefonica Brasil by 2.1% in the 4th quarter. BSW Wealth Partners now owns 36,804 shares of the Wireless communications provider’s stock worth $436,000 after acquiring an additional 770 shares during the period. Finally, Aprio Wealth Management LLC lifted its position in Telefonica Brasil by 2.2% in the fourth quarter. Aprio Wealth Management LLC now owns 39,645 shares of the Wireless communications provider’s stock valued at $470,000 after purchasing an additional 845 shares during the period. Institutional investors and hedge funds own 5.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. The Goldman Sachs Group started coverage on shares of Telefonica Brasil in a report on Monday, May 18th. They set a “sell” rating and a $13.90 price objective on the stock. Weiss Ratings lowered Telefonica Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 7th. Scotiabank lowered their target price on shares of Telefonica Brasil from $15.70 to $15.40 and set a “sector perform” rating for the company in a research note on Wednesday, May 27th. Wall Street Zen downgraded shares of Telefonica Brasil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, New Street Research raised Telefonica Brasil from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 7th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, Telefonica Brasil presently has a consensus rating of “Reduce” and a consensus target price of $14.16.

Telefonica Brasil Price Performance

Shares of VIV opened at $13.96 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 0.21. Telefonica Brasil S.A. has a 52 week low of $10.79 and a 52 week high of $17.25. The stock has a 50 day moving average of $13.45 and a 200-day moving average of $14.47. The firm has a market cap of $22.70 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 0.73 and a beta of 0.56.

Telefonica Brasil (NYSE:VIV) last announced its quarterly earnings results on Thursday, May 7th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). Telefonica Brasil had a return on equity of 9.32% and a net margin of 10.49%.The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.98 billion. As a group, analysts forecast that Telefonica Brasil S.A. will post 0.97 EPS for the current year.

Telefonica Brasil Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, July 21st. Investors of record on Friday, May 22nd will be paid a dividend of $0.4562 per share. The ex-dividend date is Friday, May 22nd. Telefonica Brasil’s dividend payout ratio (DPR) is currently 37.84%.

Telefonica Brasil Company Profile

Telefônica Brasil SA, commonly marketed under the Vivo brand, is one of Brazil’s largest telecommunications providers, offering a broad range of consumer and enterprise communications services. The company’s core activities include mobile voice and data services, fixed-line telephony, broadband internet (including fiber-to-the-home), and pay-TV solutions. It also provides ICT and managed services for business customers, such as cloud, data center, connectivity, Internet of Things (IoT) and security solutions.

Vivo operates a nationwide network across Brazil and serves both individual consumers and corporate clients.