Aprio Wealth Management LLC Acquires New Stake in Telefônica Brasil S.A. (NYSE:VIV)

Aprio Wealth Management LLC acquired a new position in shares of Telefônica Brasil S.A. (NYSE:VIV) 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 (NYSE:VIV) last released its quarterly earnings data on Monday, July 29th. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.51 billion. Telefônica Brasil had a net margin of 9.65% and a return on equity of 7.53%. During the same quarter in the prior year, the business earned $0.14 earnings per share. Sell-side analysts expect that Telefônica Brasil S.A. will post 0.61 earnings per share for the current year.

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.

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.