Telefônica Brasil S.A. (NYSE:VIV) Shares Bought by Sei Investments Co.

Sei Investments Co. boosted its stake in Telefônica Brasil S.A. (NYSE:VIV) by 67.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 912,148 shares of the Wireless communications provider’s stock after acquiring an additional 367,975 shares during the quarter. Sei Investments Co.’s holdings in Telefônica Brasil were worth $6,887,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VIV. Robeco Institutional Asset Management B.V. raised its position in shares of Telefônica Brasil by 7.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 15,192,635 shares of the Wireless communications provider’s stock worth $114,704,000 after buying an additional 1,053,218 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in Telefônica Brasil during the third quarter worth approximately $5,967,000. Public Employees Retirement System of Ohio bought a new position in Telefônica Brasil during the 3rd quarter valued at $1,619,000. Stifel Financial Corp increased its position in shares of Telefônica Brasil by 41.1% during the 3rd quarter. Stifel Financial Corp now owns 264,413 shares of the Wireless communications provider’s stock valued at $2,716,000 after purchasing an additional 77,005 shares during the period. Finally, Commons Capital LLC bought a new stake in shares of Telefônica Brasil in the 4th quarter worth $551,000. Institutional investors own 5.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on VIV. Scotiabank cut their price objective on Telefônica Brasil from $10.40 to $9.20 and set a “sector perform” rating for the company in a report on Thursday, February 27th. New Street Research downgraded shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. The Goldman Sachs Group lowered their price objective on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a research note on Thursday, December 19th. StockNews.com raised shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 7th. Finally, Barclays upgraded shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $11.80 to $11.50 in a research report on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Telefônica Brasil presently has an average rating of “Moderate Buy” and an average target price of $9.97.

Telefônica Brasil Price Performance

NYSE VIV opened at $8.72 on Tuesday. Telefônica Brasil S.A. has a 1 year low of $7.47 and a 1 year high of $10.41. The stock’s 50-day moving average price is $8.76 and its two-hundred day moving average price is $8.83. The company has a market cap of $14.40 billion, a PE ratio of 13.83, a PEG ratio of 0.84 and a beta of 0.76. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19.

Telefônica Brasil (NYSE:VIV) last issued its quarterly earnings results on Tuesday, February 25th. The Wireless communications provider reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.39 billion. On average, analysts predict that Telefônica Brasil S.A. will post 0.6 EPS for the current year.

Telefônica Brasil Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 25th were given a $0.0215 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This is a boost from Telefônica Brasil’s previous dividend of $0.02. Telefônica Brasil’s dividend payout ratio (DPR) is 50.82%.

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.