First Trust Direct Indexing L.P. Decreases Stake in Telefônica Brasil S.A. (NYSE:VIV)

First Trust Direct Indexing L.P. decreased its holdings in Telefônica Brasil S.A. (NYSE:VIV) by 36.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 35,324 shares of the Wireless communications provider’s stock after selling 20,250 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Telefônica Brasil were worth $386,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strs Ohio raised its stake in shares of Telefônica Brasil by 45.8% in the 4th quarter. Strs Ohio now owns 700,000 shares of the Wireless communications provider’s stock valued at $7,658,000 after acquiring an additional 220,000 shares during the period. Envestnet Asset Management Inc. raised its position 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. UBS Group AG lifted its stake in shares of Telefônica Brasil by 0.9% during the third quarter. UBS Group AG now owns 348,528 shares of the Wireless communications provider’s stock worth $2,980,000 after purchasing an additional 3,178 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of Telefônica Brasil by 24.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 302,011 shares of the Wireless communications provider’s stock worth $2,582,000 after purchasing an additional 59,194 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Telefônica Brasil in the third quarter worth about $1,499,000. 5.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VIV has been the topic of several recent research reports. Barclays reduced their price target on Telefônica Brasil from $13.50 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 23rd. StockNews.com raised shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 20th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Telefônica Brasil currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.60.

Telefônica Brasil Price Performance

Shares of NYSE VIV opened at $9.95 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.20. Telefônica Brasil S.A. has a fifty-two week low of $7.87 and a fifty-two week high of $11.43. The business has a 50 day moving average price of $10.04 and a two-hundred day moving average price of $10.27. The firm has a market cap of $16.55 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 0.77 and a beta of 0.77.

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

Telefônica Brasil Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, January 1st were issued a dividend of $0.0373 per share. This represents a yield of 4.7%. The ex-dividend date of this dividend was Tuesday, April 30th. Telefônica Brasil’s dividend payout ratio is currently 48.39%.

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.