Federated Hermes Inc. Trims Holdings in Telefônica Brasil S.A. (NYSE:VIV)

Federated Hermes Inc. cut its position in shares of Telefônica Brasil S.A. (NYSE:VIV) by 13.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,554,664 shares of the Wireless communications provider’s stock after selling 242,811 shares during the quarter. Federated Hermes Inc. owned approximately 0.09% of Telefônica Brasil worth $17,008,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of VIV. Robeco Institutional Asset Management B.V. lifted its position in Telefônica Brasil by 3.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 13,992,613 shares of the Wireless communications provider’s stock worth $119,637,000 after buying an additional 469,546 shares during the period. Strs Ohio lifted its holdings in shares of Telefônica Brasil by 45.8% during the 4th quarter. Strs Ohio now owns 700,000 shares of the Wireless communications provider’s stock worth $7,658,000 after acquiring an additional 220,000 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in shares of Telefônica Brasil during the 3rd quarter worth about $1,499,000. Envestnet Asset Management Inc. grew its holdings in Telefônica Brasil by 23.2% in the third quarter. Envestnet Asset Management Inc. now owns 406,875 shares of the Wireless communications provider’s stock valued at $3,479,000 after purchasing an additional 76,621 shares during the period. Finally, Ritholtz Wealth Management increased its position in Telefônica Brasil by 283.3% during the third quarter. Ritholtz Wealth Management now owns 81,841 shares of the Wireless communications provider’s stock worth $700,000 after purchasing an additional 60,490 shares during the last quarter. Institutional investors and hedge funds own 5.16% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Morgan Stanley reissued an “equal weight” rating and set a $11.00 price objective on shares of Telefônica Brasil in a research note on Friday, January 5th. Barclays boosted 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. Finally, StockNews.com upgraded Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 20th. Three equities research 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $11.73.

Telefônica Brasil Trading Up 0.8 %

NYSE:VIV opened at $9.43 on Tuesday. The business’s 50-day moving average is $10.31 and its two-hundred day moving average is $10.24. The firm has a market capitalization of $15.68 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 0.72 and a beta of 0.75. Telefônica Brasil S.A. has a 12 month low of $7.87 and a 12 month high of $11.43. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.96 and a quick ratio of 0.92.

Telefônica Brasil (NYSE:VIV) last posted its earnings results on Tuesday, February 20th. The Wireless communications provider reported $0.20 earnings per share (EPS) for the quarter. The business 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%. Research analysts predict that Telefônica Brasil S.A. will post 0.7 earnings per share for the current fiscal year.

Telefônica Brasil Increases Dividend

The company also recently announced a — dividend, which was paid on Tuesday, April 9th. Stockholders of record on Wednesday, April 10th were given a dividend of $0.1823 per share. This is a boost from Telefônica Brasil’s previous — dividend of $0.03. This represents a dividend yield of 4%. The ex-dividend date was Tuesday, April 9th. Telefônica Brasil’s payout ratio is presently 41.94%.

Telefônica Brasil Company 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.