Sumitomo Mitsui Trust Holdings Inc. Sells 60,092 Shares of Telefônica Brasil S.A. (NYSE:VIV)

Sumitomo Mitsui Trust Holdings Inc. lowered its stake in Telefônica Brasil S.A. (NYSE:VIV) by 25.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 180,212 shares of the Wireless communications provider’s stock after selling 60,092 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Telefônica Brasil were worth $1,972,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Campbell & CO Investment Adviser LLC acquired a new position in shares of Telefônica Brasil in the 3rd quarter valued at $96,000. Euro Pacific Asset Management LLC lifted its stake in shares of Telefônica Brasil by 10.0% in the 3rd quarter. Euro Pacific Asset Management LLC now owns 12,257 shares of the Wireless communications provider’s stock valued at $108,000 after purchasing an additional 1,113 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Telefônica Brasil in the 3rd quarter valued at $115,000. Aprio Wealth Management LLC acquired a new stake in Telefônica Brasil during the 4th quarter worth $143,000. Finally, Ballentine Partners LLC acquired a new stake in Telefônica Brasil during the 4th quarter worth $147,000. Institutional investors and hedge funds own 5.16% of the company’s stock.

Analyst Ratings Changes

VIV has been the topic of several research analyst reports. Morgan Stanley reaffirmed 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 dropped their price objective on Telefônica Brasil from $13.50 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, StockNews.com raised Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 20th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $11.60.

Telefônica Brasil Price Performance

VIV stock opened at $9.42 on Thursday. The stock has a 50-day moving average price of $10.26 and a two-hundred day moving average price of $10.24. The stock has a market cap of $15.67 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 0.73 and a beta of 0.75. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.20. Telefônica Brasil S.A. has a 1 year low of $7.87 and a 1 year high of $11.43.

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

Telefônica Brasil Increases Dividend

The business also recently disclosed a — dividend, which was paid on Tuesday, April 9th. Stockholders of record on Wednesday, April 10th were issued a $0.1823 dividend. This is a boost from Telefônica Brasil’s previous — dividend of $0.03. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a dividend yield of 4%. Telefônica Brasil’s dividend payout ratio (DPR) is presently 41.94%.

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.