Banco BTG Pactual S.A. Takes $237,000 Position in Telefônica Brasil S.A. (NYSE:VIV)

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

A number of other hedge funds have also recently made changes to their positions in VIV. GAMMA Investing LLC increased its stake in Telefônica Brasil by 67.8% in the 4th quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider's stock worth $29,000 after acquiring an additional 1,543 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Telefônica Brasil by 86.4% during the 4th quarter. Allworth Financial LP now owns 4,169 shares of the Wireless communications provider's stock worth $31,000 after acquiring an additional 1,933 shares during the last quarter. R Squared Ltd purchased a new stake in Telefônica Brasil during the fourth quarter valued at about $37,000. Blue Trust Inc. boosted its holdings in shares of Telefônica Brasil by 46.4% in the 4th quarter. Blue Trust Inc. now owns 8,823 shares of the Wireless communications provider's stock worth $67,000 after purchasing an additional 2,797 shares in the last quarter. Finally, DAVENPORT & Co LLC purchased a new position in shares of Telefônica Brasil in the 4th quarter worth about $78,000. 5.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on VIV shares. The Goldman Sachs Group dropped their target price on 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 upgraded shares of Telefônica Brasil from a "buy" rating to a "strong-buy" rating in a report on Friday, March 7th. Barclays raised shares of Telefônica Brasil from an "equal weight" rating to an "overweight" rating and reduced their target price for the company from $11.80 to $11.50 in a report on Monday, March 3rd. New Street Research downgraded shares of Telefônica Brasil from a "buy" rating to a "neutral" rating in a research note on Monday, December 9th. Finally, Scotiabank reduced their price objective 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 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 company's stock. According to data from MarketBeat, Telefônica Brasil has an average rating of "Moderate Buy" and an average target price of $9.97.

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Telefônica Brasil Trading Down 0.7 %

Shares of VIV opened at $8.72 on Tuesday. The stock has a market capitalization of $14.40 billion, a P/E ratio of 13.83, a PEG ratio of 0.84 and a beta of 0.76. Telefônica Brasil S.A. has a twelve month low of $7.47 and a twelve month high of $10.41. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $8.76 and a two-hundred day simple moving average of $8.83.

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

Telefônica Brasil Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 25th were issued a dividend of $0.0215 per share. This is a boost from Telefônica Brasil's previous dividend of $0.02. The ex-dividend date of this dividend was Tuesday, March 25th. Telefônica Brasil's payout ratio is presently 50.82%.

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.