Aprio Wealth Management LLC Increases Stake in Telefônica Brasil S.A. (NYSE:VIV)

Aprio Wealth Management LLC lifted its stake in shares of Telefônica Brasil S.A. (NYSE:VIV) by 21.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,953 shares of the Wireless communications provider’s stock after acquiring an additional 2,853 shares during the period. Aprio Wealth Management LLC’s holdings in Telefônica Brasil were worth $161,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Brandes Investment Partners LP raised its holdings in Telefônica Brasil by 38.5% in the fourth quarter. Brandes Investment Partners LP now owns 1,917,010 shares of the Wireless communications provider’s stock valued at $20,972,000 after buying an additional 532,794 shares during the period. Pinebridge Investments L.P. raised its holdings in Telefônica Brasil by 82.7% in the fourth quarter. Pinebridge Investments L.P. now owns 1,601,608 shares of the Wireless communications provider’s stock valued at $17,517,000 after buying an additional 725,072 shares during the period. Banco BTG Pactual S.A. purchased a new position in Telefônica Brasil in the fourth quarter valued at approximately $6,208,000. O Shaughnessy Asset Management LLC raised its holdings in Telefônica Brasil by 24.4% in the third quarter. O Shaughnessy Asset Management LLC now owns 302,011 shares of the Wireless communications provider’s stock valued at $2,582,000 after buying an additional 59,194 shares during the period. Finally, Team Hewins LLC purchased a new position in Telefônica Brasil in the fourth quarter valued at approximately $339,000. 5.16% of the stock is currently owned by hedge funds and other institutional investors.

Telefônica Brasil Trading Up 0.2 %

VIV opened at $8.21 on Friday. The firm has a market capitalization of $13.66 billion, a P/E ratio of 13.03, a P/E/G ratio of 0.68 and a beta of 0.81. The firm’s 50 day moving average is $8.91 and its 200-day moving average is $9.96. Telefônica Brasil S.A. has a 52-week low of $8.10 and a 52-week high of $11.43. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 0.21.

Telefônica Brasil (NYSE:VIV) last posted its quarterly earnings data on Tuesday, May 7th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.73 billion. Telefônica Brasil had a net margin of 9.63% and a return on equity of 7.39%. Analysts expect that Telefônica Brasil S.A. will post 0.68 EPS for the current fiscal year.

Telefônica Brasil Cuts Dividend

The business also recently declared a — dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, January 1st were given a dividend of $0.0373 per share. This represents a dividend yield of 4.7%. The ex-dividend date was Tuesday, April 30th. Telefônica Brasil’s payout ratio is currently 41.27%.

Analyst Ratings Changes

Separately, Barclays cut their price target on shares of Telefônica Brasil from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, May 9th. Three investment 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.com, Telefônica Brasil presently has a consensus rating of “Moderate Buy” and an average target price of $11.35.

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.