US Bancorp DE Sells 22,381 Shares of Telefônica Brasil S.A. (NYSE:VIV)

US Bancorp DE cut its holdings in Telefônica Brasil S.A. (NYSE:VIV) by 55.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,135 shares of the Wireless communications provider’s stock after selling 22,381 shares during the period. US Bancorp DE’s holdings in Telefônica Brasil were worth $186,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Ballentine Partners LLC increased its position in Telefônica Brasil by 75.3% in the third quarter. Ballentine Partners LLC now owns 35,518 shares of the Wireless communications provider’s stock worth $365,000 after buying an additional 15,260 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Telefônica Brasil by 87.5% in the third quarter. Blue Trust Inc. now owns 6,026 shares of the Wireless communications provider’s stock worth $62,000 after purchasing an additional 2,812 shares during the period. Bleakley Financial Group LLC increased its stake in shares of Telefônica Brasil by 5.9% in the third quarter. Bleakley Financial Group LLC now owns 19,539 shares of the Wireless communications provider’s stock worth $201,000 after purchasing an additional 1,080 shares in the last quarter. Creative Planning raised its position in shares of Telefônica Brasil by 23.2% during the 3rd quarter. Creative Planning now owns 78,323 shares of the Wireless communications provider’s stock valued at $804,000 after purchasing an additional 14,724 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.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. StockNews.com raised Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Thursday. Barclays boosted their price target 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 shares of Telefônica Brasil from $9.20 to $10.40 and gave the company a “sector perform” rating in a report on Friday, September 20th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $10.97.

Telefônica Brasil Stock Down 0.7 %

NYSE VIV opened at $8.94 on Friday. The stock has a 50 day moving average price of $9.64 and a 200-day moving average price of $9.13. Telefônica Brasil S.A. has a one year low of $8.02 and a one year high of $11.43. The company has a market capitalization of $14.86 billion, a P/E ratio of 14.18, a P/E/G ratio of 0.90 and a beta of 0.81. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96.

Telefônica Brasil (NYSE:VIV) last issued its quarterly earnings data on Tuesday, November 5th. The Wireless communications provider reported $0.18 EPS 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 during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the company posted $0.18 EPS. As a group, equities analysts predict that Telefônica Brasil S.A. will post 0.61 EPS for the current fiscal year.

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.