Caprock Group LLC Purchases 24,073 Shares of Telefônica Brasil S.A. (NYSE:VIV)

Caprock Group LLC lifted its position in Telefônica Brasil S.A. (NYSE:VIV) by 85.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 52,110 shares of the Wireless communications provider’s stock after buying an additional 24,073 shares during the period. Caprock Group LLC’s holdings in Telefônica Brasil were worth $428,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brandes Investment Partners LP lifted its stake in shares of Telefônica Brasil by 38.5% in the fourth quarter. Brandes Investment Partners LP now owns 1,917,010 shares of the Wireless communications provider’s stock worth $20,972,000 after buying an additional 532,794 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Telefônica Brasil by 165.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,856,545 shares of the Wireless communications provider’s stock valued at $20,311,000 after purchasing an additional 1,157,304 shares during the last quarter. Pinebridge Investments L.P. raised its holdings in shares of Telefônica Brasil by 82.7% during the fourth quarter. Pinebridge Investments L.P. now owns 1,601,608 shares of the Wireless communications provider’s stock valued at $17,517,000 after purchasing an additional 725,072 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Telefônica Brasil by 6.3% during the first quarter. Vanguard Group Inc. now owns 1,222,562 shares of the Wireless communications provider’s stock valued at $12,311,000 after purchasing an additional 72,388 shares during the last quarter. Finally, Banco BTG Pactual S.A. raised its holdings in shares of Telefônica Brasil by 21.2% during the first quarter. Banco BTG Pactual S.A. now owns 686,900 shares of the Wireless communications provider’s stock valued at $6,737,000 after purchasing an additional 119,990 shares during the last quarter. Institutional investors own 5.16% of the company’s stock.

Analysts Set New Price Targets

VIV has been the subject of several research reports. Morgan Stanley raised shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a report on Thursday, July 11th. Barclays boosted their price objective on shares of Telefônica Brasil from $11.00 to $11.50 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Finally, StockNews.com raised shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Monday. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.17.

Telefônica Brasil Stock Up 0.5 %

Shares of VIV stock opened at $9.72 on Friday. Telefônica Brasil S.A. has a 12 month low of $8.02 and a 12 month high of $11.43. The stock has a market cap of $16.17 billion, a P/E ratio of 15.43, a P/E/G ratio of 0.97 and a beta of 0.79. The company has a current ratio of 1.03, a quick ratio of 0.98 and a debt-to-equity ratio of 0.21. The company has a 50 day simple moving average of $9.12 and a two-hundred day simple moving average of $9.29.

Telefônica Brasil (NYSE:VIV) last announced its earnings results on Monday, July 29th. The Wireless communications provider reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. Telefônica Brasil had a net margin of 9.65% and a return on equity of 7.53%. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the prior year, the company earned $0.14 earnings per share. On average, research analysts expect that Telefônica Brasil S.A. will post 0.61 earnings per share for the current year.

Telefônica Brasil Cuts Dividend

The company also recently declared a — dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 27th were given a $0.0379 dividend. The ex-dividend date was Tuesday, August 27th. This represents a dividend yield of 3.2%. Telefônica Brasil’s payout ratio is currently 49.21%.

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.