Creative Planning Sells 7,564 Shares of Telefônica Brasil S.A. (NYSE:VIV)

Creative Planning lessened its stake in Telefônica Brasil S.A. (NYSE:VIV) by 10.6% in the second quarter, HoldingsChannel reports. The fund owned 63,599 shares of the Wireless communications provider’s stock after selling 7,564 shares during the period. Creative Planning’s holdings in Telefônica Brasil were worth $522,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Kathmere Capital Management LLC grew its holdings in Telefônica Brasil by 4.1% in the 2nd quarter. Kathmere Capital Management LLC now owns 28,877 shares of the Wireless communications provider’s stock worth $237,000 after acquiring an additional 1,150 shares during the last quarter. Gabelli Funds LLC increased its holdings in Telefônica Brasil by 0.5% during the 1st quarter. Gabelli Funds LLC now owns 330,000 shares of the Wireless communications provider’s stock valued at $3,323,000 after purchasing an additional 1,500 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in Telefônica Brasil by 2.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 56,552 shares of the Wireless communications provider’s stock valued at $464,000 after purchasing an additional 1,558 shares during the period. Bleakley Financial Group LLC raised its position in Telefônica Brasil by 11.9% during the 1st quarter. Bleakley Financial Group LLC now owns 15,264 shares of the Wireless communications provider’s stock valued at $154,000 after purchasing an additional 1,625 shares during the last quarter. Finally, Janiczek Wealth Management LLC lifted its holdings in Telefônica Brasil by 3.1% in the 1st quarter. Janiczek Wealth Management LLC now owns 75,756 shares of the Wireless communications provider’s stock worth $763,000 after buying an additional 2,292 shares during the period. 5.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on VIV shares. Morgan Stanley upgraded Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a report on Thursday, July 11th. Scotiabank raised their target price on shares of Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a research report on Friday, September 20th. StockNews.com raised shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 25th. Finally, Barclays increased their price target on shares of Telefônica Brasil from $11.00 to $11.50 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.97.

Telefônica Brasil Stock Performance

Shares of Telefônica Brasil stock opened at $9.51 on Tuesday. Telefônica Brasil S.A. has a 12 month low of $8.02 and a 12 month high of $11.43. The firm has a market capitalization of $15.82 billion, a P/E ratio of 15.10, a P/E/G ratio of 0.96 and a beta of 0.80. 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 business has a fifty day simple moving average of $9.66 and a two-hundred day simple moving average of $9.19.

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

Telefônica Brasil Cuts Dividend

The business also recently declared a — dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 27th were paid a $0.0379 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a dividend yield of 3.2%. Telefônica Brasil’s payout ratio is currently 44.44%.

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.