Kathmere Capital Management LLC Has $237,000 Holdings in Telefônica Brasil S.A. (NYSE:VIV)

Kathmere Capital Management LLC boosted its holdings in Telefônica Brasil S.A. (NYSE:VIV) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,877 shares of the Wireless communications provider’s stock after acquiring an additional 1,150 shares during the quarter. Kathmere Capital Management LLC’s holdings in Telefônica Brasil were worth $237,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of Telefônica Brasil by 2,821.8% in the second quarter. Blue Trust Inc. now owns 3,214 shares of the Wireless communications provider’s stock valued at $26,000 after purchasing an additional 3,104 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. bought a new position in Telefônica Brasil during the 2nd quarter valued at $85,000. QRG Capital Management Inc. purchased a new position in Telefônica Brasil during the 2nd quarter worth $83,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Telefônica Brasil in the 1st quarter worth $123,000. Finally, Personal CFO Solutions LLC purchased a new stake in shares of Telefônica Brasil in the fourth quarter valued at about $136,000. 5.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on VIV shares. Morgan Stanley upgraded shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a research note on Thursday, July 11th. Barclays lifted their price target on shares of Telefônica Brasil from $11.00 to $11.50 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Scotiabank boosted their price target on shares of Telefônica Brasil from $9.20 to $10.40 and gave the company a “sector perform” rating in a research report on Friday, September 20th. Finally, StockNews.com raised Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 25th. Two analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong 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 $10.97.

Telefônica Brasil Stock Performance

Shares of NYSE VIV opened at $10.22 on Monday. The stock has a market cap of $17.00 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 1.00 and a beta of 0.79. The stock’s 50-day moving average is $9.39 and its 200 day moving average is $9.22. The company has a current ratio of 1.03, a quick ratio of 0.98 and a debt-to-equity ratio of 0.21. Telefônica Brasil S.A. has a 1-year low of $8.02 and a 1-year high of $11.43.

Telefônica Brasil (NYSE:VIV) last posted its quarterly earnings results on Monday, July 29th. The Wireless communications provider reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.51 billion. Telefônica Brasil had a net margin of 9.65% and a return on equity of 7.53%. During the same period in the prior year, the business posted $0.14 EPS. On average, sell-side analysts anticipate that Telefônica Brasil S.A. will post 0.61 EPS for the current fiscal year.

Telefônica Brasil Cuts Dividend

The business also recently announced a — dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 27th were paid a dividend of $0.0379 per share. This represents a dividend yield of 3.2%. The ex-dividend date was Tuesday, August 27th. Telefônica Brasil’s payout ratio is 44.44%.

Telefônica Brasil 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.