Ritholtz Wealth Management Cuts Stake in Telefônica Brasil S.A. (NYSE:VIV)

Ritholtz Wealth Management lowered its stake in shares of Telefônica Brasil S.A. (NYSE:VIV) by 24.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,438 shares of the Wireless communications provider’s stock after selling 22,967 shares during the quarter. Ritholtz Wealth Management’s holdings in Telefônica Brasil were worth $532,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in VIV. GAMMA Investing LLC increased its stake in shares of Telefônica Brasil by 67.8% during the 4th quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 1,543 shares during the last quarter. Blue Trust Inc. grew its holdings in Telefônica Brasil by 87.5% during the third quarter. Blue Trust Inc. now owns 6,026 shares of the Wireless communications provider’s stock valued at $62,000 after purchasing an additional 2,812 shares during the period. Aprio Wealth Management LLC purchased a new stake in Telefônica Brasil in the third quarter worth $134,000. QRG Capital Management Inc. raised its stake in shares of Telefônica Brasil by 30.2% in the third quarter. QRG Capital Management Inc. now owns 13,094 shares of the Wireless communications provider’s stock valued at $134,000 after buying an additional 3,039 shares during the period. Finally, First Affirmative Financial Network purchased a new position in shares of Telefônica Brasil during the 3rd quarter valued at $160,000. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Wall Street Analyst Weigh In

VIV has been the subject of several recent research reports. StockNews.com raised Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 9th. New Street Research downgraded shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Barclays upped their price target on shares of Telefônica Brasil from $11.50 to $11.80 and gave the company an “equal weight” rating in a research note on Monday, November 25th. Finally, The Goldman Sachs Group reduced their price objective on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating for the company in a research note on Thursday, December 19th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $10.47.

Telefônica Brasil Trading Up 1.3 %

Shares of VIV opened at $8.07 on Tuesday. Telefônica Brasil S.A. has a twelve month low of $7.47 and a twelve month high of $11.43. The stock has a market cap of $13.33 billion, a PE ratio of 12.80, a P/E/G ratio of 0.65 and a beta of 0.78. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The business’s 50-day moving average price is $8.24 and its 200-day moving average price is $8.96.

Telefônica Brasil (NYSE:VIV) last posted its earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the firm posted $0.18 EPS. On average, equities analysts forecast that Telefônica Brasil S.A. will post 0.63 EPS for the current fiscal year.

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.