Telefônica Brasil S.A. (NYSE:VIV) Stake Lessened by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC trimmed its position in Telefônica Brasil S.A. (NYSE:VIV) by 3.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,279 shares of the Wireless communications provider’s stock after selling 2,326 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Telefônica Brasil were worth $577,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VIV. BSW Wealth Partners grew its position in Telefônica Brasil by 6.3% in the fourth quarter. BSW Wealth Partners now owns 17,889 shares of the Wireless communications provider’s stock worth $196,000 after buying an additional 1,062 shares during the last quarter. Janiczek Wealth Management LLC increased its stake in Telefônica Brasil by 3.1% in the 1st quarter. Janiczek Wealth Management LLC now owns 75,756 shares of the Wireless communications provider’s stock worth $763,000 after purchasing an additional 2,292 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Telefônica Brasil by 3.2% in the third quarter. Hsbc Holdings PLC now owns 84,929 shares of the Wireless communications provider’s stock worth $726,000 after buying an additional 2,595 shares during the period. Aprio Wealth Management LLC increased its position in shares of Telefônica Brasil by 21.8% in the first quarter. Aprio Wealth Management LLC now owns 15,953 shares of the Wireless communications provider’s stock worth $161,000 after acquiring an additional 2,853 shares in the last quarter. Finally, Unison Advisors LLC lifted its position in shares of Telefônica Brasil by 2.5% in the 4th quarter. Unison Advisors LLC now owns 137,792 shares of the Wireless communications provider’s stock valued at $1,544,000 after acquiring an additional 3,300 shares in the last quarter. 5.16% of the stock is owned by institutional investors.

Telefônica Brasil Trading Up 2.8 %

NYSE VIV opened at $8.31 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.97 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. The firm’s fifty day simple moving average is $8.71 and its 200-day simple moving average is $9.81. The company has a market capitalization of $13.82 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 0.69 and a beta of 0.79.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings results on Tuesday, May 7th. The Wireless communications provider reported $0.11 EPS for the quarter. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Telefônica Brasil had a return on equity of 7.39% and a net margin of 9.63%. As a group, sell-side analysts anticipate that Telefônica Brasil S.A. will post 0.68 earnings per share for the current fiscal year.

Telefônica Brasil Cuts Dividend

The firm also recently disclosed a — dividend, which was paid on Thursday, June 27th. Investors of record on Friday, January 1st were paid a $0.0166 dividend. This represents a dividend yield of 4.6%. The ex-dividend date was Thursday, June 27th. Telefônica Brasil’s payout ratio is presently 44.45%.

Wall Street Analyst Weigh In

Separately, Barclays cut their target price on shares of Telefônica Brasil from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 9th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.35.

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.