Telefônica Brasil S.A. (NYSE:VIV) Stock Holdings Boosted by Creative Planning

Creative Planning raised its position in shares of Telefônica Brasil S.A. (NYSE:VIV) by 23.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 78,323 shares of the Wireless communications provider’s stock after purchasing an additional 14,724 shares during the quarter. Creative Planning’s holdings in Telefônica Brasil were worth $804,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in shares of Telefônica Brasil by 2,821.8% during the 2nd quarter. Blue Trust Inc. now owns 3,214 shares of the Wireless communications provider’s stock worth $26,000 after acquiring an additional 3,104 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. acquired a new stake in shares of Telefônica Brasil in the second quarter worth $85,000. QRG Capital Management Inc. acquired a new stake in shares of Telefônica Brasil in the second quarter worth $83,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Telefônica Brasil in the first quarter worth $123,000. Finally, Aprio Wealth Management LLC acquired a new stake in shares of Telefônica Brasil in the third quarter worth $134,000. 5.16% of the stock is owned by institutional investors.

Telefônica Brasil Stock Down 1.8 %

NYSE VIV opened at $8.95 on Friday. The firm has a market cap of $14.89 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 0.90 and a beta of 0.81. Telefônica Brasil S.A. has a one year low of $8.02 and a one year high of $11.43. The stock’s 50 day simple moving average is $9.67 and its 200 day simple moving average is $9.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.03 and a quick ratio of 0.98.

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 issued 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 dividend payout ratio is 42.86%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on VIV. Morgan Stanley raised Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a research report on Thursday, July 11th. StockNews.com lowered Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a report on Monday, October 21st. Barclays increased their price objective on Telefônica Brasil from $11.00 to $11.50 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Finally, Scotiabank increased their price objective on Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a report on Friday, September 20th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $10.97.

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.