Sei Investments Co. Has $6.89 Million Stake in Telefônica Brasil S.A. (NYSE:VIV)

Sei Investments Co. raised its stake in shares of Telefônica Brasil S.A. (NYSE:VIV - Free Report) by 67.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 912,148 shares of the Wireless communications provider's stock after buying an additional 367,975 shares during the period. Sei Investments Co. owned approximately 0.06% of Telefônica Brasil worth $6,887,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VIV. Robeco Institutional Asset Management B.V. raised its holdings in Telefônica Brasil by 7.4% during the fourth 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 purchasing an additional 1,053,218 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Telefônica Brasil in the 3rd quarter worth $5,967,000. State Street Corp lifted its holdings in shares of Telefônica Brasil by 27.7% in the third quarter. State Street Corp now owns 326,954 shares of the Wireless communications provider's stock valued at $3,413,000 after buying an additional 70,900 shares during the period. Stifel Financial Corp boosted its stake in Telefônica Brasil by 41.1% during the third quarter. Stifel Financial Corp now owns 264,413 shares of the Wireless communications provider's stock valued at $2,716,000 after buying an additional 77,005 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in 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 acquiring an additional 9,000 shares during the period. 5.16% of the stock is currently owned by institutional investors.

Telefônica Brasil Stock Down 6.0 %

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

Telefônica Brasil (NYSE:VIV - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The Wireless communications provider reported $0.18 earnings per share 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 business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.39 billion. On average, research analysts expect 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 disclosed a dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 25th were issued a $0.0215 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This is an increase from Telefônica Brasil's previous dividend of $0.02. Telefônica Brasil's dividend payout ratio is currently 45.90%.

Analysts Set New Price Targets

VIV has been the subject of several recent research reports. The Goldman Sachs Group cut their target price on shares of Telefônica Brasil from $10.60 to $9.20 and set a "buy" rating for the company in a research note on Thursday, December 19th. Barclays upgraded 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. StockNews.com upgraded Telefônica Brasil from a "buy" rating to a "strong-buy" rating in a report on Friday, March 7th. New Street Research downgraded Telefônica Brasil from a "buy" rating to a "neutral" rating in a report on Monday, December 9th. Finally, Scotiabank decreased their price target on 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. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $9.97.

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.