First Trust Advisors LP Increases Stock Holdings in Telefônica Brasil S.A. (NYSE:VIV)

First Trust Advisors LP raised its stake in Telefônica Brasil S.A. (NYSE:VIV – Get Rating) by 32.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,237,519 shares of the Wireless communications provider’s stock after purchasing an additional 302,369 shares during the period. First Trust Advisors LP owned 0.07% of Telefônica Brasil worth $8,849,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Advisor Group Holdings Inc. lifted its position in shares of Telefônica Brasil by 20.7% in the first quarter. Advisor Group Holdings Inc. now owns 18,222 shares of the Wireless communications provider’s stock valued at $239,000 after acquiring an additional 3,127 shares in the last quarter. Raymond James & Associates lifted its position in Telefônica Brasil by 40.8% during the 1st quarter. Raymond James & Associates now owns 111,375 shares of the Wireless communications provider’s stock worth $1,253,000 after acquiring an additional 32,301 shares in the last quarter. American Century Companies Inc. increased its holdings in Telefônica Brasil by 12.2% during the 1st quarter. American Century Companies Inc. now owns 42,076 shares of the Wireless communications provider’s stock worth $473,000 after purchasing an additional 4,571 shares during the last quarter. HighTower Advisors LLC increased its holdings in Telefônica Brasil by 17.9% during the 1st quarter. HighTower Advisors LLC now owns 12,097 shares of the Wireless communications provider’s stock worth $136,000 after purchasing an additional 1,839 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Telefônica Brasil by 3.3% in the 1st quarter. BlackRock Inc. now owns 3,227,500 shares of the Wireless communications provider’s stock valued at $36,309,000 after acquiring an additional 103,931 shares during the last quarter. 6.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VIV. StockNews.com began coverage on Telefônica Brasil in a research note on Thursday, May 18th. They set a “buy” rating for the company. Barclays upped their price target on Telefônica Brasil from $10.00 to $11.00 in a research report on Friday, May 12th. Finally, UBS Group raised Telefônica Brasil from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 31st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.00.

Telefônica Brasil Trading Up 1.2 %

VIV stock opened at $8.34 on Friday. The business has a fifty day moving average price of $7.97 and a 200 day moving average price of $7.62. The stock has a market capitalization of $13.87 billion, a price-to-earnings ratio of 17.38, a P/E/G ratio of 3.35 and a beta of 0.48. Telefônica Brasil S.A. has a fifty-two week low of $6.49 and a fifty-two week high of $11.04. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.89 and a quick ratio of 0.84.

Telefônica Brasil Cuts Dividend

The firm also recently announced a — dividend, which was paid on Wednesday, March 1st. Shareholders of record on Thursday, March 2nd were issued a dividend of $0.0123 per share. The ex-dividend date of this dividend was Wednesday, March 1st. This represents a yield of 7.7%. Telefônica Brasil’s dividend payout ratio is presently 62.50%.

Telefônica Brasil Company Profile

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Telefônica Brasil SA, together with its subsidiaries, provides mobile and fixed telecommunications services to residential and corporate customers 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 services and wireless roaming services.