31,006 Shares in Telefônica Brasil S.A. (NYSE:VIV) Bought by Banco BTG Pactual S.A.

Banco BTG Pactual S.A. bought a new stake in Telefônica Brasil S.A. (NYSE:VIV) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 31,006 shares of the Wireless communications provider’s stock, valued at approximately $237,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Natixis Advisors LLC boosted its stake in Telefônica Brasil by 2.8% during the 3rd quarter. Natixis Advisors LLC now owns 85,787 shares of the Wireless communications provider’s stock worth $881,000 after acquiring an additional 2,304 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Telefônica Brasil in the third quarter worth $5,135,000. Itau Unibanco Holding S.A. bought a new position in shares of Telefônica Brasil during the third quarter worth $5,967,000. Quantinno Capital Management LP grew its holdings in shares of Telefônica Brasil by 3.5% in the 3rd quarter. Quantinno Capital Management LP now owns 33,370 shares of the Wireless communications provider’s stock valued at $343,000 after buying an additional 1,136 shares during the period. Finally, Stifel Financial Corp increased its position in shares of Telefônica Brasil by 41.1% in the 3rd quarter. Stifel Financial Corp now owns 264,413 shares of the Wireless communications provider’s stock valued at $2,716,000 after buying an additional 77,005 shares in the last quarter. Institutional investors own 5.16% of the company’s stock.

Telefônica Brasil Trading Up 1.7 %

VIV stock opened at $8.75 on Thursday. Telefônica Brasil S.A. has a one year low of $7.47 and a one year high of $10.41. The stock has a market cap of $14.45 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 0.84 and a beta of 0.76. The company has a fifty day moving average price of $8.72 and a two-hundred day moving average price of $8.86. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.91.

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

Telefônica Brasil Increases Dividend

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

Wall Street Analyst Weigh In

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

About Telefônica Brasil

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.