Deprince Race & Zollo Inc. boosted its position in Telefonica Brasil SA (NYSE:VIV) by 17.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 535,890 shares of the Wireless communications provider’s stock after purchasing an additional 78,420 shares during the period. Deprince Race & Zollo Inc.’s holdings in Telefonica Brasil were worth $6,393,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of VIV. We Are One Seven LLC bought a new position in Telefonica Brasil in the fourth quarter worth approximately $39,000. Capital Investment Advisory Services LLC bought a new position in shares of Telefonica Brasil in the fourth quarter valued at approximately $46,000. Quantamental Technologies LLC bought a new position in shares of Telefonica Brasil in the fourth quarter valued at approximately $49,000. Citigroup Inc. lifted its holdings in shares of Telefonica Brasil by 56.9% in the fourth quarter. Citigroup Inc. now owns 6,270 shares of the Wireless communications provider’s stock valued at $75,000 after purchasing an additional 2,274 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Telefonica Brasil in the third quarter valued at approximately $131,000. 10.03% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on VIV. ValuEngine upgraded Telefonica Brasil from a “strong sell” rating to a “sell” rating in a report on Thursday, March 14th. Barclays reaffirmed a “buy” rating and set a $15.00 price target on shares of Telefonica Brasil in a research report on Monday, February 4th. Finally, Credit Suisse Group downgraded Telefonica Brasil from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 10th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $14.13.
Telefonica Brasil (NYSE:VIV) last announced its quarterly earnings results on Thursday, February 21st. The Wireless communications provider reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.03). The company had revenue of $2.91 billion during the quarter. Telefonica Brasil had a net margin of 20.51% and a return on equity of 10.27%. As a group, analysts anticipate that Telefonica Brasil SA will post 1 earnings per share for the current year.
The business also recently declared an annual dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were given a $0.375 dividend. This represents a dividend yield of 2.98%. The ex-dividend date of this dividend was Friday, April 12th. Telefonica Brasil’s dividend payout ratio (DPR) is presently 27.34%.
Telefonica Brasil Profile
Telefônica Brasil SA provides mobile and fixed telecommunications services to residential and corporate customers 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, and 4.5G, as well as mobile value-added services and wireless roaming services.
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