Arrowstreet Capital Limited Partnership Acquires 114,266 Shares of Telefônica Brasil S.A. (NYSE:VIV)

Arrowstreet Capital Limited Partnership lifted its stake in shares of Telefônica Brasil S.A. (NYSE:VIV - Free Report) by 4.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,571,650 shares of the Wireless communications provider's stock after acquiring an additional 114,266 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.16% of Telefônica Brasil worth $19,416,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Quantinno Capital Management LP lifted its stake in Telefônica Brasil by 3.5% during the third quarter. Quantinno Capital Management LP now owns 33,370 shares of the Wireless communications provider's stock worth $343,000 after purchasing an additional 1,136 shares during the last quarter. Summit Global Investments boosted its stake in Telefônica Brasil by 1.1% in the fourth quarter. Summit Global Investments now owns 137,909 shares of the Wireless communications provider's stock worth $1,041,000 after buying an additional 1,506 shares in the last quarter. GAMMA Investing LLC boosted its stake in Telefônica Brasil by 67.8% in the fourth quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider's stock worth $29,000 after buying an additional 1,543 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Telefônica Brasil by 10.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,037 shares of the Wireless communications provider's stock valued at $151,000 after acquiring an additional 1,873 shares during the last quarter. Finally, Allworth Financial LP raised its stake in shares of Telefônica Brasil by 86.4% during the fourth 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 in the last quarter. 5.16% of the stock is currently owned by hedge funds and other institutional investors.

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Telefônica Brasil Trading Down 6.0 %

Shares of NYSE VIV traded down $0.56 during trading hours on Friday, hitting $8.75. The company's stock had a trading volume of 1,200,088 shares, compared to its average volume of 841,040. The business has a 50-day simple moving average of $8.81 and a 200-day simple moving average of $8.81. The stock has a market cap of $14.45 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 0.84 and a beta of 0.60. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96. Telefônica Brasil S.A. has a 12 month low of $7.47 and a 12 month high of $10.41.

Telefônica Brasil (NYSE:VIV - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The Wireless communications provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.39 billion. On average, analysts anticipate 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. Stockholders of record on Tuesday, March 25th were paid a $0.0215 dividend. The ex-dividend date was Tuesday, March 25th. This is a boost from Telefônica Brasil's previous dividend of $0.02. Telefônica Brasil's dividend payout ratio (DPR) is presently 45.90%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. 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. Scotiabank decreased their price objective on Telefônica Brasil from $10.40 to $9.20 and set a "sector perform" rating on the stock in a report on Thursday, February 27th. 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 report on Thursday, December 19th. New Street Research lowered Telefônica Brasil from a "buy" rating to a "neutral" rating in a research report on Monday, December 9th. Finally, StockNews.com upgraded Telefônica Brasil from a "buy" rating to a "strong-buy" rating in a research report on Friday, March 7th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $9.97.

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.