Robeco Institutional Asset Management B.V. Sells 481,849 Shares of Telefônica Brasil S.A. (NYSE:VIV)

Robeco Institutional Asset Management B.V. cut its stake in shares of Telefônica Brasil S.A. (NYSE:VIV - Free Report) by 3.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,139,417 shares of the Wireless communications provider's stock after selling 481,849 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.85% of Telefônica Brasil worth $145,212,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. raised its position in Telefônica Brasil by 2,821.8% during the second quarter. Blue Trust Inc. now owns 3,214 shares of the Wireless communications provider's stock valued at $26,000 after buying an additional 3,104 shares during the period. QRG Capital Management Inc. acquired a new position in Telefônica Brasil during the second quarter valued at $83,000. Arkfeld Wealth Strategies L.L.C. acquired a new position in Telefônica Brasil during the second quarter valued at $85,000. B. Riley Wealth Advisors Inc. acquired a new position in Telefônica Brasil during the first quarter valued at $123,000. Finally, Aprio Wealth Management LLC acquired a new position in Telefônica Brasil during the third quarter valued at $134,000. 5.16% of the stock is owned by institutional investors and hedge funds.

Telefônica Brasil Stock Up 2.5 %

Shares of VIV traded up $0.22 during trading hours on Monday, hitting $9.17. 470,118 shares of the company were exchanged, compared to its average volume of 815,382. The company has a market cap of $15.25 billion, a PE ratio of 14.56, a PEG ratio of 0.90 and a beta of 0.81. The firm's 50 day moving average is $9.66 and its 200-day moving average is $9.14. Telefônica Brasil S.A. has a 52 week low of $8.02 and a 52 week high of $11.43. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.98 and a current ratio of 1.03.

Telefônica Brasil Cuts Dividend

The company also recently declared a -- dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 27th were issued a $0.0379 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a yield of 3.2%. Telefônica Brasil's dividend payout ratio (DPR) is 42.86%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Scotiabank upped their price target on Telefônica Brasil from $9.20 to $10.40 and gave the company a "sector perform" rating in a research report on Friday, September 20th. Barclays boosted their target price on Telefônica Brasil from $11.00 to $11.50 and gave the company an "equal weight" rating in a research note on Thursday, August 1st. Morgan Stanley upgraded Telefônica Brasil from an "equal weight" rating to an "overweight" rating in a research note on Thursday, July 11th. Finally, StockNews.com downgraded Telefônica Brasil from a "strong-buy" rating to a "buy" rating in a research note on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $10.97.

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.