Lesa Sroufe & Co Lowers Position in Telefônica Brasil S.A. (NYSE:VIV)

Lesa Sroufe & Co lessened its holdings in shares of Telefônica Brasil S.A. (NYSE:VIV) by 0.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 229,872 shares of the Wireless communications provider’s stock after selling 1,239 shares during the quarter. Telefônica Brasil accounts for about 2.6% of Lesa Sroufe & Co’s portfolio, making the stock its 15th largest position. Lesa Sroufe & Co’s holdings in Telefônica Brasil were worth $2,515,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Ritholtz Wealth Management raised its stake in shares of Telefônica Brasil by 283.3% during the 3rd quarter. Ritholtz Wealth Management now owns 81,841 shares of the Wireless communications provider’s stock valued at $700,000 after buying an additional 60,490 shares during the last quarter. SVB Wealth LLC acquired a new stake in Telefônica Brasil in the 3rd quarter worth about $150,000. Robeco Institutional Asset Management B.V. boosted its holdings in Telefônica Brasil by 3.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 13,992,613 shares of the Wireless communications provider’s stock worth $119,637,000 after buying an additional 469,546 shares during the last quarter. Signaturefd LLC lifted its stake in Telefônica Brasil by 35.8% in the 3rd quarter. Signaturefd LLC now owns 28,494 shares of the Wireless communications provider’s stock worth $244,000 after purchasing an additional 7,505 shares in the last quarter. Finally, Euro Pacific Asset Management LLC lifted its stake in Telefônica Brasil by 10.0% in the 3rd quarter. Euro Pacific Asset Management LLC now owns 12,257 shares of the Wireless communications provider’s stock worth $108,000 after purchasing an additional 1,113 shares in the last quarter. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Analyst Ratings Changes

VIV has been the topic of several analyst reports. StockNews.com raised shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 20th. Barclays cut their target price on Telefônica Brasil from $13.50 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, Morgan Stanley restated an “equal weight” rating and issued a $11.00 price target on shares of Telefônica Brasil in a research note on Friday, January 5th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.60.

Telefônica Brasil Stock Performance

Telefônica Brasil stock opened at $9.39 on Wednesday. The firm has a market capitalization of $15.62 billion, a P/E ratio of 15.15, a PEG ratio of 0.73 and a beta of 0.75. The stock has a fifty day moving average price of $10.29 and a 200 day moving average price of $10.24. Telefônica Brasil S.A. has a 52 week low of $7.87 and a 52 week high of $11.43. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.20.

Telefônica Brasil (NYSE:VIV) last posted its quarterly earnings results on Tuesday, February 20th. The Wireless communications provider reported $0.20 earnings per share (EPS) for the quarter. Telefônica Brasil had a return on equity of 7.33% and a net margin of 9.70%. The firm had revenue of $2.73 billion during the quarter. Equities research analysts anticipate that Telefônica Brasil S.A. will post 0.7 earnings per share for the current year.

Telefônica Brasil Increases Dividend

The business also recently announced a — dividend, which was paid on Tuesday, April 9th. Stockholders of record on Wednesday, April 10th were given a $0.1823 dividend. This is an increase from Telefônica Brasil’s previous — dividend of $0.03. The ex-dividend date was Tuesday, April 9th. This represents a dividend yield of 4%. Telefônica Brasil’s dividend payout ratio is presently 41.94%.

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.