13,639 Shares in Telefônica Brasil S.A. (NYSE:VIV) Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC purchased a new position in Telefônica Brasil S.A. (NYSE:VIV) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,639 shares of the Wireless communications provider’s stock, valued at approximately $149,000.

Other large investors also recently bought and sold shares of the company. Credit Suisse AG raised its holdings in Telefônica Brasil by 543.6% in the 3rd quarter. Credit Suisse AG now owns 7,485 shares of the Wireless communications provider’s stock worth $57,000 after purchasing an additional 6,322 shares during the period. Quantbot Technologies LP acquired a new position in shares of Telefônica Brasil during the second quarter valued at approximately $68,000. FMR LLC raised its holdings in shares of Telefônica Brasil by 578.8% during the first quarter. FMR LLC now owns 9,863 shares of the Wireless communications provider’s stock valued at $75,000 after acquiring an additional 8,410 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of Telefônica Brasil during the first quarter valued at approximately $84,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Telefônica Brasil during the first quarter valued at approximately $89,000. Institutional investors and hedge funds own 5.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on VIV. Barclays upped their price target on Telefônica Brasil from $13.00 to $13.50 and gave the company an “equal weight” rating in a research report on Monday, February 26th. TheStreet upgraded Telefônica Brasil from a “c-” rating to a “b” rating in a research report on Thursday, December 21st. Morgan Stanley restated an “equal weight” rating and issued a $11.00 price target on shares of Telefônica Brasil in a research report on Friday, January 5th. Finally, StockNews.com upgraded Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 20th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Telefônica Brasil currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.73.

Telefônica Brasil Trading Down 1.2 %

Shares of Telefônica Brasil stock opened at $9.30 on Wednesday. The firm has a market capitalization of $15.46 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 0.74 and a beta of 0.75. Telefônica Brasil S.A. has a fifty-two week low of $7.87 and a fifty-two week high of $11.43. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.92 and a current ratio of 0.96. The stock has a 50 day moving average of $10.43 and a 200 day moving average of $10.22.

Telefônica Brasil (NYSE:VIV) last issued its quarterly earnings data on Tuesday, February 20th. The Wireless communications provider reported $0.20 earnings per share for the quarter. The company had revenue of $2.73 billion during the quarter. Telefônica Brasil had a return on equity of 7.33% and a net margin of 9.70%. As a group, research analysts predict that Telefônica Brasil S.A. will post 0.7 earnings per share for the current year.

Telefônica Brasil Increases Dividend

The firm also recently disclosed a — dividend, which was paid on Tuesday, April 9th. Investors of record on Wednesday, April 10th were given a $0.1823 dividend. This represents a yield of 4%. This is a positive change from Telefônica Brasil’s previous — dividend of $0.03. The ex-dividend date of this dividend was Tuesday, April 9th. Telefônica Brasil’s dividend payout ratio is presently 54.84%.

About Telefônica Brasil

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.