O Shaughnessy Asset Management LLC Has $3.21 Million Holdings in Telefônica Brasil S.A. (NYSE:VIV)

O Shaughnessy Asset Management LLC reduced its position in shares of Telefônica Brasil S.A. (NYSE:VIV - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 425,760 shares of the Wireless communications provider's stock after selling 28,688 shares during the period. O Shaughnessy Asset Management LLC's holdings in Telefônica Brasil were worth $3,214,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. grew its position in Telefônica Brasil by 7.4% in 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 acquiring an additional 1,053,218 shares during the period. Sei Investments Co. lifted its stake in Telefônica Brasil by 67.6% in the fourth quarter. Sei Investments Co. now owns 912,148 shares of the Wireless communications provider's stock valued at $6,887,000 after buying an additional 367,975 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Telefônica Brasil in the third quarter valued at approximately $1,619,000. Arrowstreet Capital Limited Partnership boosted its stake in Telefônica Brasil by 4.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,571,650 shares of the Wireless communications provider's stock worth $19,416,000 after purchasing an additional 114,266 shares during the period. Finally, Stifel Financial Corp grew its position 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. Institutional investors and hedge funds own 5.16% of the company's stock.

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Analyst Ratings Changes

VIV has been the subject of several analyst reports. StockNews.com raised shares of Telefônica Brasil from a "buy" rating to a "strong-buy" rating in a report on Friday, March 7th. Barclays raised Telefônica Brasil from an "equal weight" rating to an "overweight" rating and reduced their price target for the stock from $11.80 to $11.50 in a research note on Monday, March 3rd. New Street Research lowered shares of Telefônica Brasil from a "buy" rating to a "neutral" rating in a research report on Monday, December 9th. The Goldman Sachs Group decreased their price target on shares of Telefônica Brasil from $10.60 to $9.20 and set a "buy" rating on the stock in a report on Thursday, December 19th. Finally, Scotiabank dropped their price objective on Telefônica Brasil from $10.40 to $9.20 and set a "sector perform" rating for the company in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $9.97.

Telefônica Brasil Stock Performance

Shares of NYSE:VIV traded down $0.56 on Friday, reaching $8.75. 1,200,088 shares of the company's stock were exchanged, compared to its average volume of 841,040. Telefônica Brasil S.A. has a fifty-two week low of $7.47 and a fifty-two week high of $10.41. The business's 50-day moving average is $8.81 and its two-hundred day moving average is $8.81. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $14.45 billion, a price-to-earnings ratio of 13.88, 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 analysts' consensus estimates of $0.17 by $0.01. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.39 billion. As a group, equities research analysts forecast that Telefônica Brasil S.A. will post 0.6 EPS for the current 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 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%.

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.