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

Arrowstreet Capital Limited Partnership increased its stake in shares of Telefônica Brasil S.A. (NYSE:VIV - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,571,650 shares of the Wireless communications provider's stock after buying an additional 114,266 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.16% of Telefônica Brasil worth $19,416,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. boosted its position in shares of Telefônica Brasil by 7.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 15,192,635 shares of the Wireless communications provider's stock worth $114,704,000 after buying an additional 1,053,218 shares in the last quarter. Sei Investments Co. boosted its position in shares of Telefônica Brasil by 67.6% in the fourth quarter. Sei Investments Co. now owns 912,148 shares of the Wireless communications provider's stock worth $6,887,000 after buying an additional 367,975 shares during the period. State Street Corp grew its holdings in Telefônica Brasil by 27.7% during the 3rd quarter. State Street Corp now owns 326,954 shares of the Wireless communications provider's stock valued at $3,413,000 after purchasing an additional 70,900 shares in the last quarter. Stifel Financial Corp increased its holdings in Telefônica Brasil by 41.1% during the 3rd quarter. Stifel Financial Corp now owns 264,413 shares of the Wireless communications provider's stock worth $2,716,000 after purchasing an additional 77,005 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Telefônica Brasil by 4.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 225,212 shares of the Wireless communications provider's stock worth $1,700,000 after purchasing an additional 9,000 shares during the last quarter. 5.16% of the stock is owned by institutional investors and hedge funds.

Telefônica Brasil Trading Down 1.1 %

Shares of NYSE:VIV traded down $0.10 during trading on Tuesday, hitting $8.26. 667,006 shares of the company's stock were exchanged, compared to its average volume of 841,818. The firm has a 50-day moving average price of $8.78 and a two-hundred day moving average price of $8.78. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. Telefônica Brasil S.A. has a 1-year low of $7.47 and a 1-year high of $10.41. The firm has a market cap of $13.64 billion, a P/E ratio of 13.10, a PEG ratio of 0.84 and a beta of 0.60.

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 return on equity of 7.77% and a net margin of 9.78%. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.39 billion. Equities analysts predict that Telefônica Brasil S.A. will post 0.6 earnings per share for the current year.

Telefônica Brasil Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 25th were paid a $0.0215 dividend. This is an increase from Telefônica Brasil's previous dividend of $0.02. The ex-dividend date of this dividend was Tuesday, March 25th. Telefônica Brasil's dividend payout ratio (DPR) is currently 45.90%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VIV. Barclays upgraded shares of Telefônica Brasil from an "equal weight" rating to an "overweight" rating and cut their price objective for the company from $11.80 to $11.50 in a research report on Monday, March 3rd. New Street Research lowered Telefônica Brasil from a "buy" rating to a "neutral" rating in a research report on Monday, December 9th. StockNews.com raised shares of Telefônica Brasil from a "buy" rating to a "strong-buy" rating in a research note on Friday, March 7th. Scotiabank lowered 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 report on Thursday, February 27th. Finally, The Goldman Sachs Group dropped their target price on Telefônica Brasil from $10.60 to $9.20 and set a "buy" rating on the stock in a research report on Thursday, December 19th. Two 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. According to data from MarketBeat.com, Telefônica Brasil presently has a consensus rating of "Moderate Buy" and an average target price of $9.97.

Telefônica Brasil Company 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.