Vanguard Personalized Indexing Management LLC Grows Holdings in Telefonica Brasil S.A. $VIV

Vanguard Personalized Indexing Management LLC grew its stake in shares of Telefonica Brasil S.A. (NYSE:VIV) by 10.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,279 shares of the Wireless communications provider’s stock after buying an additional 5,189 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Telefonica Brasil were worth $619,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Modern Wealth Management LLC bought a new position in Telefonica Brasil in the first quarter valued at $423,000. Envestnet Asset Management Inc. raised its holdings in shares of Telefonica Brasil by 16.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 449,213 shares of the Wireless communications provider’s stock valued at $3,917,000 after buying an additional 63,241 shares in the last quarter. Federated Hermes Inc. lifted its position in Telefonica Brasil by 45.6% in the 1st quarter. Federated Hermes Inc. now owns 612,915 shares of the Wireless communications provider’s stock worth $5,345,000 after buying an additional 191,842 shares during the last quarter. Invesco Ltd. boosted its stake in Telefonica Brasil by 36.4% in the first quarter. Invesco Ltd. now owns 1,445,527 shares of the Wireless communications provider’s stock worth $12,605,000 after buying an additional 385,848 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Telefonica Brasil by 23.7% in the first quarter. American Century Companies Inc. now owns 150,128 shares of the Wireless communications provider’s stock worth $1,309,000 after buying an additional 28,749 shares in the last quarter. 5.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on VIV. Citigroup began coverage on shares of Telefonica Brasil in a research note on Wednesday, September 10th. They set a “neutral” rating on the stock. Wall Street Zen upgraded shares of Telefonica Brasil from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. The Goldman Sachs Group upped their price target on shares of Telefonica Brasil from $11.40 to $12.60 and gave the company a “buy” rating in a research report on Tuesday, August 19th. Scotiabank lifted their price objective on Telefonica Brasil from $8.80 to $12.50 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of Telefonica Brasil in a report on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.53.

Telefonica Brasil Trading Down 0.1%

VIV opened at $12.21 on Wednesday. Telefonica Brasil S.A. has a one year low of $7.47 and a one year high of $12.92. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.98 and a quick ratio of 0.95. The business has a 50 day simple moving average of $12.37 and a two-hundred day simple moving average of $11.60. The firm has a market capitalization of $19.85 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 0.83 and a beta of 0.77.

Telefonica Brasil (NYSE:VIV) last posted its earnings results on Monday, July 28th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $14.48 billion. Telefonica Brasil had a net margin of 10.13% and a return on equity of 8.32%. Analysts predict that Telefonica Brasil S.A. will post 0.6 EPS for the current year.

Telefonica 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.