Aprio Wealth Management LLC acquired a new position in shares of Telefônica Brasil S.A. (NYSE:VIV – Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,028 shares of the Wireless communications provider’s stock, valued at approximately $134,000.
Several other institutional investors have also recently added to or reduced their stakes in VIV. Crossmark Global Holdings Inc. grew its holdings in shares of Telefônica Brasil by 6.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 75,406 shares of the Wireless communications provider’s stock worth $824,000 after buying an additional 4,723 shares in the last quarter. Personal CFO Solutions LLC purchased a new stake in Telefônica Brasil in the 4th quarter worth approximately $136,000. V Square Quantitative Management LLC acquired a new position in Telefônica Brasil in the 4th quarter valued at $525,000. Goldman Sachs Group Inc. lifted its stake in shares of Telefônica Brasil by 165.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,856,545 shares of the Wireless communications provider’s stock worth $20,311,000 after purchasing an additional 1,157,304 shares during the period. Finally, Shilanski & Associates Inc. purchased a new stake in shares of Telefônica Brasil in the first quarter valued at $167,000. Institutional investors and hedge funds own 5.16% of the company’s stock.
Telefônica Brasil Price Performance
VIV opened at $9.79 on Wednesday. Telefônica Brasil S.A. has a 1 year low of $8.02 and a 1 year high of $11.43. The firm has a 50 day moving average price of $9.56 and a 200 day moving average price of $9.21. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.98 and a current ratio of 1.03. The company has a market cap of $16.29 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 0.99 and a beta of 0.80.
Telefônica Brasil Cuts Dividend
The company also recently disclosed a — dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 27th were given a $0.0379 dividend. The ex-dividend date was Tuesday, August 27th. This represents a yield of 3.2%. Telefônica Brasil’s payout ratio is currently 46.03%.
Wall Street Analyst Weigh In
Several research firms recently weighed in on VIV. StockNews.com upgraded Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 25th. Barclays raised their target price on shares of Telefônica Brasil from $11.00 to $11.50 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Scotiabank upped their price target on shares of Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a research report on Friday, September 20th. Finally, Morgan Stanley upgraded shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a report on Thursday, July 11th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Telefônica Brasil has an average rating of “Moderate Buy” and a consensus price target of $10.97.
Read Our Latest Report on Telefônica Brasil
Telefônica Brasil 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.
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