Raymond James Financial Inc. Takes $403,000 Position in Telefônica Brasil S.A. (NYSE:VIV)

Raymond James Financial Inc. acquired a new stake in Telefônica Brasil S.A. (NYSE:VIV - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 53,403 shares of the Wireless communications provider's stock, valued at approximately $403,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC lifted its position 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 valued at $29,000 after acquiring an additional 1,543 shares in the last quarter. Allworth Financial LP boosted its holdings in 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 purchasing an additional 1,933 shares during the last quarter. R Squared Ltd bought a new stake in Telefônica Brasil in the 4th quarter worth about $37,000. Blue Trust Inc. increased its position in shares of Telefônica Brasil by 46.4% during the fourth quarter. Blue Trust Inc. now owns 8,823 shares of the Wireless communications provider's stock valued at $67,000 after acquiring an additional 2,797 shares during the last quarter. Finally, DAVENPORT & Co LLC bought a new stake in shares of Telefônica Brasil during the 4th quarter worth $78,000. Institutional investors own 5.16% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on VIV shares. Scotiabank reduced their target price on shares of Telefônica Brasil from $10.40 to $9.20 and set a "sector perform" rating for the company in a research report on Thursday, February 27th. StockNews.com upgraded Telefônica Brasil from a "buy" rating to a "strong-buy" rating in a research note on Friday, March 7th. The Goldman Sachs Group cut their price target on Telefônica Brasil from $10.60 to $9.20 and set a "buy" rating for the company in a research note on Thursday, December 19th. Finally, Barclays upgraded Telefônica Brasil from an "equal weight" rating to an "overweight" rating and lowered their price objective for the company from $11.80 to $11.50 in a research note on Monday, March 3rd. Two research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $9.97.

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Telefônica Brasil Stock Performance

Shares of Telefônica Brasil stock traded up $0.07 during trading hours on Friday, reaching $8.58. The company had a trading volume of 863,332 shares, compared to its average volume of 846,336. The firm has a market cap of $14.17 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 0.84 and a beta of 0.60. Telefônica Brasil S.A. has a one year low of $7.47 and a one year high of $10.41. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.91. The business has a fifty day simple moving average of $8.76 and a 200 day simple moving average of $8.73.

Telefônica Brasil (NYSE:VIV - Get Free Report) last issued its earnings results 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. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.39 billion. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. 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 firm also recently declared a dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 25th were given 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 dividend payout ratio (DPR) is presently 49.18%.

Telefônica Brasil 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.