Sei Investments Co. Raises Holdings in Telefônica Brasil S.A. (NYSE:VIV)

Sei Investments Co. boosted its holdings in Telefônica Brasil S.A. (NYSE:VIV - Free Report) by 67.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 912,148 shares of the Wireless communications provider's stock after purchasing an additional 367,975 shares during the quarter. Sei Investments Co. owned about 0.06% of Telefônica Brasil worth $6,887,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted 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 valued at $29,000 after buying an additional 1,543 shares during the last quarter. Allworth Financial LP raised its position in Telefônica Brasil by 86.4% in the 4th quarter. Allworth Financial LP now owns 4,169 shares of the Wireless communications provider's stock valued at $31,000 after purchasing an additional 1,933 shares during the last quarter. R Squared Ltd acquired a new stake in Telefônica Brasil during the 4th quarter worth $37,000. Blue Trust Inc. grew its position in Telefônica Brasil by 46.4% during 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 during the last quarter. Finally, DAVENPORT & Co LLC acquired a new position in Telefônica Brasil in the fourth quarter valued at $78,000. 5.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group lowered their price target on Telefônica Brasil from $10.60 to $9.20 and set a "buy" rating on the stock in a report on Thursday, December 19th. Scotiabank dropped their target price 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. StockNews.com raised Telefônica Brasil from a "buy" rating to a "strong-buy" rating in a report on Friday, March 7th. New Street Research cut shares of Telefônica Brasil from a "buy" rating to a "neutral" rating in a research note on Monday, December 9th. Finally, Barclays upgraded shares of Telefônica Brasil from an "equal weight" rating to an "overweight" rating and reduced their target price for the stock from $11.80 to $11.50 in a research note on Monday, March 3rd. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $9.97.

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Telefônica Brasil Price Performance

Telefônica Brasil stock traded up $0.31 during midday trading on Thursday, reaching $9.30. The company's stock had a trading volume of 1,024,866 shares, compared to its average volume of 840,186. 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 fifty-two week low of $7.47 and a fifty-two week high of $10.41. The firm has a market capitalization of $15.36 billion, a PE ratio of 14.75, a P/E/G ratio of 0.84 and a beta of 0.76. The stock's 50 day simple moving average is $8.79 and its 200 day simple moving average is $8.83.

Telefônica Brasil (NYSE:VIV - Get Free Report) last released its quarterly earnings data 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 net margin of 9.78% and a return on equity of 7.77%. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.39 billion. On average, equities research analysts forecast that Telefônica Brasil S.A. will post 0.6 earnings per share for the current year.

Telefônica Brasil Increases Dividend

The company also recently announced 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 an increase from Telefônica Brasil's previous dividend of $0.02. The ex-dividend date was Tuesday, March 25th. Telefônica Brasil's payout ratio is presently 50.82%.

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.