Telefônica Brasil S.A. (NYSE:VIV) Position Trimmed by Corient Private Wealth LLC

Corient Private Wealth LLC trimmed its holdings in shares of Telefônica Brasil S.A. (NYSE:VIV) by 13.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,056 shares of the Wireless communications provider’s stock after selling 3,153 shares during the period. Corient Private Wealth LLC’s holdings in Telefônica Brasil were worth $159,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in Telefônica Brasil by 67.8% during the fourth quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock worth $29,000 after acquiring an additional 1,543 shares during the period. Allworth Financial LP raised its position in shares of Telefônica Brasil by 86.4% during the 4th quarter. Allworth Financial LP now owns 4,169 shares of the Wireless communications provider’s stock worth $31,000 after purchasing an additional 1,933 shares during the period. R Squared Ltd bought a new stake in shares of Telefônica Brasil in the 4th quarter worth approximately $37,000. Blue Trust Inc. boosted its position in Telefônica Brasil by 46.4% during the 4th quarter. Blue Trust Inc. now owns 8,823 shares of the Wireless communications provider’s stock valued at $67,000 after purchasing an additional 2,797 shares during the period. Finally, DAVENPORT & Co LLC bought a new position in Telefônica Brasil during the 4th quarter worth $78,000. 5.16% of the stock is currently owned by institutional investors.

Telefônica Brasil Stock Up 4.8 %

VIV stock opened at $9.14 on Wednesday. The firm’s 50-day moving average is $8.78 and its two-hundred day moving average is $8.83. The company has a market capitalization of $15.10 billion, a price-to-earnings ratio of 14.50, a price-to-earnings-growth ratio of 0.84 and a beta of 0.76. Telefônica Brasil S.A. has a 52 week low of $7.47 and a 52 week high of $10.41. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19.

Telefônica Brasil (NYSE:VIV) last announced its earnings results on Tuesday, February 25th. The Wireless communications provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. On average, analysts forecast that Telefônica Brasil S.A. will post 0.6 earnings per share for the current fiscal year.

Telefônica Brasil Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 25th were paid a dividend of $0.0215 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This is a boost from Telefônica Brasil’s previous dividend of $0.02. Telefônica Brasil’s dividend payout ratio (DPR) is currently 50.82%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Barclays raised shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $11.80 to $11.50 in a report on Monday, March 3rd. Scotiabank reduced their target price on shares of Telefônica Brasil from $10.40 to $9.20 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. New Street Research lowered shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. The Goldman Sachs Group reduced their price objective on Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating for the company in a research report on Thursday, December 19th. Finally, StockNews.com upgraded Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 7th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Telefônica Brasil has a consensus rating of “Moderate Buy” and a consensus price target of $9.97.

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.