Simplicity Wealth LLC Acquires New Shares in Telefônica Brasil S.A. (NYSE:VIV)

Simplicity Wealth LLC acquired a new stake in Telefônica Brasil S.A. (NYSE:VIV) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 15,101 shares of the Wireless communications provider’s stock, valued at approximately $152,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Campbell & CO Investment Adviser LLC acquired a new position in Telefônica Brasil during the 3rd quarter worth $96,000. Personal CFO Solutions LLC acquired a new position in Telefônica Brasil during the 4th quarter worth $136,000. Aprio Wealth Management LLC acquired a new position in Telefônica Brasil during the 4th quarter worth $143,000. Acadian Asset Management LLC acquired a new position in Telefônica Brasil during the 3rd quarter worth $115,000. Finally, Ballentine Partners LLC acquired a new position in Telefônica Brasil during the 4th quarter worth $147,000. Institutional investors and hedge funds own 5.16% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on VIV. Barclays cut their target price on shares of Telefônica Brasil from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday, May 9th. StockNews.com raised shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 20th. Three 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.35.

Telefônica Brasil Stock Performance

Shares of VIV traded up $0.01 during trading hours on Friday, reaching $8.86. 695,720 shares of the company traded hands, compared to its average volume of 1,058,860. The stock’s fifty day moving average is $9.58 and its 200 day moving average is $10.24. The stock has a market cap of $14.74 billion, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 0.59 and a beta of 0.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.01. Telefônica Brasil S.A. has a 1-year low of $7.87 and a 1-year high of $11.43.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings data on Tuesday, February 20th. The Wireless communications provider reported $0.20 EPS for the quarter. The business had revenue of $2.73 billion during the quarter. Telefônica Brasil had a net margin of 9.63% and a return on equity of 7.39%. Equities research analysts anticipate that Telefônica Brasil S.A. will post 0.68 earnings per share for the current fiscal year.

Telefônica Brasil Cuts Dividend

The firm also recently announced a — dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, January 1st were paid a $0.0373 dividend. The ex-dividend date was Tuesday, April 30th. This represents a yield of 4.7%. Telefônica Brasil’s payout ratio is currently 46.03%.

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.