Telefônica Brasil S.A. (NYSE:VIV) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lowered its position in Telefônica Brasil S.A. (NYSE:VIV) by 49.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,000 shares of the Wireless communications provider’s stock after selling 31,000 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Telefônica Brasil were worth $263,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gabelli Funds LLC grew its stake in shares of Telefônica Brasil by 0.5% in the 1st quarter. Gabelli Funds LLC now owns 330,000 shares of the Wireless communications provider’s stock valued at $3,323,000 after buying an additional 1,500 shares during the period. Bleakley Financial Group LLC raised its position in Telefônica Brasil by 11.9% in the first quarter. Bleakley Financial Group LLC now owns 15,264 shares of the Wireless communications provider’s stock valued at $154,000 after purchasing an additional 1,625 shares during the period. Janiczek Wealth Management LLC grew its holdings in shares of Telefônica Brasil by 3.1% during 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 during the period. V Square Quantitative Management LLC increased its position in shares of Telefônica Brasil by 5.0% during the 2nd quarter. V Square Quantitative Management LLC now owns 50,378 shares of the Wireless communications provider’s stock worth $415,000 after purchasing an additional 2,382 shares during the last quarter. Finally, Aprio Wealth Management LLC raised its holdings in Telefônica Brasil by 21.8% in the 1st quarter. Aprio Wealth Management LLC now owns 15,953 shares of the Wireless communications provider’s stock valued at $161,000 after buying an additional 2,853 shares during the period. 5.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Morgan Stanley upgraded shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a research report on Thursday, July 11th. StockNews.com lowered shares of Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Finally, Barclays boosted their price target on shares of Telefônica Brasil from $11.00 to $11.50 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Telefônica Brasil presently has an average rating of “Moderate Buy” and a consensus target price of $11.17.

Telefônica Brasil Stock Performance

NYSE VIV opened at $10.08 on Wednesday. Telefônica Brasil S.A. has a 52 week low of $8.02 and a 52 week high of $11.43. The firm has a 50 day moving average of $9.21 and a two-hundred day moving average of $9.24. The company has a quick ratio of 0.98, a current ratio of 1.03 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $16.77 billion, a PE ratio of 16.00, a price-to-earnings-growth ratio of 0.96 and a beta of 0.79.

Telefônica Brasil (NYSE:VIV) last issued its earnings results on Monday, July 29th. The Wireless communications provider reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. Telefônica Brasil had a net margin of 9.65% and a return on equity of 7.53%. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the previous year, the firm posted $0.14 earnings per share. As a group, research analysts expect that Telefônica Brasil S.A. will post 0.61 EPS for the current fiscal year.

Telefônica Brasil Cuts Dividend

The firm also recently announced a — dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 27th were paid a dividend of $0.0379 per share. This represents a yield of 3.2%. The ex-dividend date was Tuesday, August 27th. Telefônica Brasil’s payout ratio is 49.21%.

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.