267,445 Shares in Telefonica Brasil S.A. $VIV Bought by TrueMark Investments LLC

TrueMark Investments LLC bought a new stake in shares of Telefonica Brasil S.A. (NYSE:VIV) in the 1st quarter, Holdings Channel reports. The institutional investor bought 267,445 shares of the Wireless communications provider’s stock, valued at approximately $4,255,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Invesco Ltd. lifted its stake in Telefonica Brasil by 138.8% in the 3rd quarter. Invesco Ltd. now owns 2,856,618 shares of the Wireless communications provider’s stock worth $36,422,000 after purchasing an additional 1,660,475 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Telefonica Brasil in the second quarter worth about $4,192,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Telefonica Brasil in the fourth quarter worth about $4,211,000. Millennium Management LLC lifted its position in shares of Telefonica Brasil by 477.6% in the third quarter. Millennium Management LLC now owns 392,232 shares of the Wireless communications provider’s stock worth $5,001,000 after buying an additional 324,319 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in Telefonica Brasil by 22.5% during the third quarter. Two Sigma Investments LP now owns 1,672,947 shares of the Wireless communications provider’s stock valued at $21,330,000 after buying an additional 307,501 shares during the last quarter. 5.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on VIV shares. Barclays set a $16.50 price target on Telefonica Brasil and gave the company an “equal weight” rating in a report on Friday, April 17th. New Street Research upgraded Telefonica Brasil from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 7th. The Goldman Sachs Group started coverage on shares of Telefonica Brasil in a report on Monday, May 18th. They issued a “sell” rating and a $13.90 target price for the company. Bradesco Corretora cut shares of Telefonica Brasil to a “neutral” rating in a research report on Tuesday, April 28th. Finally, UBS Group downgraded shares of Telefonica Brasil from a “buy” rating to a “sell” rating in a research note on Wednesday, March 11th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $14.36.

Telefonica Brasil Trading Down 0.9%

Shares of NYSE VIV opened at $13.11 on Thursday. The business’s 50 day moving average is $14.31 and its two-hundred day moving average is $14.31. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.10 and a quick ratio of 1.03. Telefonica Brasil S.A. has a 1-year low of $10.73 and a 1-year high of $17.25. The stock has a market capitalization of $21.32 billion, a P/E ratio of 17.71, a PEG ratio of 0.70 and a beta of 0.56.

Telefonica Brasil (NYSE:VIV) last posted its quarterly earnings data on Thursday, May 7th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02). The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.98 billion. Telefonica Brasil had a net margin of 10.49% and a return on equity of 9.32%. As a group, research analysts expect that Telefonica Brasil S.A. will post 0.97 EPS for the current year.

Telefonica Brasil Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, July 21st. Investors of record on Friday, May 22nd will be paid a dividend of $0.4562 per share. The ex-dividend date of this dividend is Friday, May 22nd. Telefonica Brasil’s dividend payout ratio (DPR) is currently 100.00%.

Telefonica Brasil Profile

Telefônica Brasil SA, commonly marketed under the Vivo brand, is one of Brazil’s largest telecommunications providers, offering a broad range of consumer and enterprise communications services. The company’s core activities include mobile voice and data services, fixed-line telephony, broadband internet (including fiber-to-the-home), and pay-TV solutions. It also provides ICT and managed services for business customers, such as cloud, data center, connectivity, Internet of Things (IoT) and security solutions.

Vivo operates a nationwide network across Brazil and serves both individual consumers and corporate clients.