Telefonica Brasil S.A. (VIV) Position Maintained by Pinebridge Investments L.P.
Pinebridge Investments L.P. held its position in Telefonica Brasil S.A. (NYSE:VIV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,216 shares of the Wireless communications provider’s stock at the end of the 2nd quarter. Pinebridge Investments L.P.’s holdings in Telefonica Brasil were worth $421,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in shares of Telefonica Brasil by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 220,472 shares of the Wireless communications provider’s stock valued at $3,273,000 after buying an additional 1,212 shares during the last quarter. Comerica Bank raised its position in Telefonica Brasil by 0.5% in the 1st quarter. Comerica Bank now owns 65,552 shares of the Wireless communications provider’s stock valued at $963,000 after buying an additional 344 shares during the last quarter. Sei Investments Co. raised its position in Telefonica Brasil by 9.2% in the 1st quarter. Sei Investments Co. now owns 15,340 shares of the Wireless communications provider’s stock valued at $228,000 after buying an additional 1,287 shares during the last quarter. State of Wisconsin Investment Board purchased a new stake in Telefonica Brasil in the 1st quarter valued at $235,000. Finally, Nordea Investment Management AB raised its position in Telefonica Brasil by 17.8% in the 1st quarter. Nordea Investment Management AB now owns 73,981 shares of the Wireless communications provider’s stock valued at $1,099,000 after buying an additional 11,200 shares during the last quarter. Institutional investors own 10.02% of the company’s stock.
Several equities analysts have weighed in on VIV shares. Zacks Investment Research cut Telefonica Brasil from a “hold” rating to a “strong sell” rating in a research note on Monday, August 14th. Royal Bank Of Canada set a $15.00 target price on shares of Telefonica Brasil and gave the stock a “hold” rating in a research note on Friday, July 28th. BidaskClub lowered shares of Telefonica Brasil from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $15.00 target price on shares of Telefonica Brasil in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $15.33.
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Telefonica Brasil S.A. (NYSE:VIV) opened at 15.87 on Tuesday. Telefonica Brasil S.A. has a 52-week low of $11.95 and a 52-week high of $16.85. The company has a market cap of $26.80 billion, a PE ratio of 21.13 and a beta of 1.36. The firm’s 50 day moving average is $15.75 and its 200 day moving average is $14.80.
Telefonica Brasil (NYSE:VIV) last issued its earnings results on Wednesday, July 26th. The Wireless communications provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.06). The firm had revenue of $3.33 billion during the quarter. Telefonica Brasil had a return on equity of 5.91% and a net margin of 9.41%. Analysts forecast that Telefonica Brasil S.A. will post $0.90 EPS for the current fiscal year.
The company also recently declared a dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Tuesday, October 3rd will be issued a dividend of $0.05 per share. This is a boost from Telefonica Brasil’s previous dividend of $0.02. The ex-dividend date is Monday, October 2nd. Telefonica Brasil’s dividend payout ratio is presently 74.32%.
Telefonica Brasil Company Profile
Telefonica Brasil SA is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services.
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