Janiczek Wealth Management LLC Grows Stock Position in Telefônica Brasil S.A. (NYSE:VIV)

Janiczek Wealth Management LLC increased its position in shares of Telefônica Brasil S.A. (NYSE:VIV) by 3.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 75,756 shares of the Wireless communications provider’s stock after buying an additional 2,292 shares during the quarter. Janiczek Wealth Management LLC’s holdings in Telefônica Brasil were worth $763,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in VIV. Goldman Sachs Group Inc. raised its position 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 valued at $20,311,000 after buying an additional 1,157,304 shares during the period. Pinebridge Investments L.P. raised its position in shares of Telefônica Brasil by 82.7% during the 4th quarter. Pinebridge Investments L.P. now owns 1,601,608 shares of the Wireless communications provider’s stock valued at $17,517,000 after buying an additional 725,072 shares during the period. Banco BTG Pactual S.A. purchased a new stake in shares of Telefônica Brasil during the 4th quarter valued at approximately $6,208,000. Brandes Investment Partners LP raised its position in shares of Telefônica Brasil by 38.5% during the 4th quarter. Brandes Investment Partners LP now owns 1,917,010 shares of the Wireless communications provider’s stock valued at $20,972,000 after buying an additional 532,794 shares during the period. Finally, Strs Ohio raised its position in shares of Telefônica Brasil by 45.8% during the 4th quarter. Strs Ohio now owns 700,000 shares of the Wireless communications provider’s stock valued at $7,658,000 after buying an additional 220,000 shares during the period. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Telefônica Brasil Stock Performance

NYSE VIV traded down $0.04 during trading hours on Thursday, hitting $8.30. The company had a trading volume of 430,521 shares, compared to its average volume of 867,680. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.01. Telefônica Brasil S.A. has a 1-year low of $8.10 and a 1-year high of $11.43. The company has a market cap of $13.81 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 0.69 and a beta of 0.81. The business has a 50 day moving average of $8.86 and a 200-day moving average of $9.92.

Telefônica Brasil (NYSE:VIV) last announced its earnings results on Tuesday, May 7th. The Wireless communications provider reported $0.11 EPS for the quarter. Telefônica Brasil had a net margin of 9.63% and a return on equity of 7.39%. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.73 billion. As a group, equities research analysts expect that Telefônica Brasil S.A. will post 0.68 EPS for the current year.

Telefônica Brasil Cuts Dividend

The company also recently declared a — dividend, which will be paid on Thursday, June 27th. Investors of record on Friday, January 1st will be issued a dividend of $0.0166 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a yield of 4.6%. Telefônica Brasil’s dividend payout ratio is currently 41.27%.

Analyst Ratings Changes

Separately, Barclays cut their target price on Telefônica Brasil from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 9th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $11.35.

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.