Telefônica Brasil S.A. (NYSE:VIV) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC reduced its holdings in Telefônica Brasil S.A. (NYSE:VIV - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stifel Financial Corp increased its stake 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 buying an additional 77,005 shares in the last quarter. Truist Financial Corp purchased a new stake in shares of Telefônica Brasil during the fourth quarter worth approximately $242,000. Robeco Institutional Asset Management B.V. raised its stake in Telefônica Brasil by 7.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 15,192,635 shares of the Wireless communications provider's stock valued at $114,704,000 after purchasing an additional 1,053,218 shares during the last quarter. Banco BTG Pactual S.A. purchased a new position in Telefônica Brasil in the 4th quarter valued at $237,000. Finally, GAMMA Investing LLC raised its position in shares of 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. 5.16% of the stock is currently owned by hedge funds and other institutional investors.

Telefônica Brasil Stock Up 0.2 %

Shares of NYSE VIV traded up $0.02 during midday trading on Tuesday, hitting $8.37. The company's stock had a trading volume of 115,025 shares, compared to its average volume of 876,874. Telefônica Brasil S.A. has a 1 year low of $7.47 and a 1 year high of $10.41. The business's fifty day simple moving average is $8.80 and its two-hundred day simple moving average is $8.79. The firm has a market capitalization of $13.83 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 0.84 and a beta of 0.60. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.91.

Telefônica Brasil (NYSE:VIV - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.39 billion. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. On average, equities analysts predict that Telefônica Brasil S.A. will post 0.6 EPS for the current year.

Telefônica Brasil Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 25th were paid a dividend of $0.0215 per share. This is a positive change from Telefônica Brasil's previous dividend of $0.02. The ex-dividend date was Tuesday, March 25th. Telefônica Brasil's dividend payout ratio is presently 45.90%.

Analyst Ratings Changes

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

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.