Strs Ohio Decreases Stake in Telefonica Brasil S.A. $VIV

Strs Ohio cut its stake in shares of Telefonica Brasil S.A. (NYSE:VIV) by 13.2% during the first quarter, HoldingsChannel.com reports. The firm owned 620,602 shares of the Wireless communications provider’s stock after selling 94,507 shares during the period. Strs Ohio’s holdings in Telefonica Brasil were worth $9,874,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Coldstream Capital Management Inc. lifted its stake in shares of Telefonica Brasil by 6.0% in the fourth quarter. Coldstream Capital Management Inc. now owns 11,802 shares of the Wireless communications provider’s stock valued at $140,000 after purchasing an additional 672 shares during the period. Ieq Capital LLC increased its holdings in Telefonica Brasil by 3.4% in the fourth quarter. Ieq Capital LLC now owns 22,285 shares of the Wireless communications provider’s stock valued at $264,000 after buying an additional 727 shares in the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of Telefonica Brasil by 2.9% during the 4th quarter. Kestra Private Wealth Services LLC now owns 26,638 shares of the Wireless communications provider’s stock valued at $316,000 after acquiring an additional 744 shares during the period. BSW Wealth Partners boosted its stake in shares of Telefonica Brasil by 2.1% during the 4th quarter. BSW Wealth Partners now owns 36,804 shares of the Wireless communications provider’s stock worth $436,000 after acquiring an additional 770 shares in the last quarter. Finally, Aprio Wealth Management LLC boosted its stake in shares of Telefonica Brasil by 2.2% during the 4th quarter. Aprio Wealth Management LLC now owns 39,645 shares of the Wireless communications provider’s stock worth $470,000 after acquiring an additional 845 shares in the last quarter. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on VIV shares. Wall Street Zen downgraded Telefonica Brasil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings lowered Telefonica Brasil from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Scotiabank dropped their price target on Telefonica Brasil from $15.70 to $15.40 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. Zacks Research downgraded Telefonica Brasil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Finally, The Goldman Sachs Group assumed coverage on shares of Telefonica Brasil in a research report on Monday, May 18th. They issued a “sell” rating and a $13.90 price objective on the stock. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $14.36.

Telefonica Brasil Price Performance

VIV stock opened at $13.24 on Monday. The stock’s 50 day moving average price is $13.87 and its 200 day moving average price is $14.36. The firm has a market cap of $21.55 billion, a P/E ratio of 17.90, a PEG ratio of 0.70 and a beta of 0.56. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.03 and a current ratio of 1.10. Telefonica Brasil S.A. has a 1 year low of $10.79 and a 1 year high of $17.25.

Telefonica Brasil (NYSE:VIV) last released its quarterly earnings results on Thursday, May 7th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02). Telefonica Brasil had a return on equity of 9.32% and a net margin of 10.49%.The company had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.98 billion. On average, sell-side analysts expect that Telefonica Brasil S.A. will post 0.97 earnings per share for the current fiscal year.

Telefonica Brasil Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, July 21st. Investors of record on Friday, May 22nd will be given a dividend of $0.4562 per share. The ex-dividend date is Friday, May 22nd. Telefonica Brasil’s dividend payout ratio (DPR) is currently 37.84%.

About Telefonica Brasil

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.