Banco BTG Pactual S.A. Makes New $237,000 Investment in Telefônica Brasil S.A. (NYSE:VIV)

Banco BTG Pactual S.A. acquired a new stake in Telefônica Brasil S.A. (NYSE:VIV) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 31,006 shares of the Wireless communications provider’s stock, valued at approximately $237,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Quantinno Capital Management LP boosted its stake in shares of Telefônica Brasil by 3.5% in the third 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. Summit Global Investments raised its holdings in Telefônica Brasil by 1.1% in the 4th quarter. Summit Global Investments now owns 137,909 shares of the Wireless communications provider’s stock valued at $1,041,000 after acquiring an additional 1,506 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Telefônica Brasil by 67.8% during the 4th quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 1,543 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Telefônica Brasil by 10.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,037 shares of the Wireless communications provider’s stock worth $151,000 after purchasing an additional 1,873 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of Telefônica Brasil by 86.4% in the fourth quarter. Allworth Financial LP now owns 4,169 shares of the Wireless communications provider’s stock worth $31,000 after purchasing an additional 1,933 shares during the period. Institutional investors and hedge funds own 5.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VIV. Scotiabank reduced their price objective on shares of 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. Barclays upgraded shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $11.80 to $11.50 in a research report on Monday, March 3rd. The Goldman Sachs Group lowered their price objective on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating for the company in a research report on Thursday, December 19th. StockNews.com raised Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Friday, March 7th. Finally, New Street Research lowered Telefônica Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $9.97.

Telefônica Brasil Trading Up 1.7 %

Shares of Telefônica Brasil stock opened at $8.75 on Thursday. The firm has a market capitalization of $14.45 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 0.84 and a beta of 0.76. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average is $8.72 and its 200 day moving average is $8.86. Telefônica Brasil S.A. has a 1 year low of $7.47 and a 1 year high of $10.41.

Telefônica Brasil (NYSE:VIV) last posted its earnings results on Tuesday, February 25th. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Equities research analysts forecast that Telefônica Brasil S.A. will post 0.6 earnings per share for the current fiscal year.

Telefônica Brasil Increases Dividend

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

Telefônica Brasil Profile

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.