Dorsey Wright & Associates Raises Stock Holdings in Telefonica Brasil S.A. $VIV

Dorsey Wright & Associates boosted its position in shares of Telefonica Brasil S.A. (NYSE:VIV) by 39.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 179,712 shares of the Wireless communications provider’s stock after acquiring an additional 51,010 shares during the period. Dorsey Wright & Associates’ holdings in Telefonica Brasil were worth $2,859,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rhumbline Advisers raised its position in shares of Telefonica Brasil by 337.7% during the first quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider’s stock valued at $37,000 after buying an additional 3,266 shares during the last quarter. Arax Advisory Partners raised its position in shares of Telefonica Brasil by 54.4% during the 4th quarter. Arax Advisory Partners now owns 3,773 shares of the Wireless communications provider’s stock valued at $45,000 after buying an additional 1,330 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in shares of Telefonica Brasil in the 1st quarter valued at approximately $52,000. EverSource Wealth Advisors LLC lifted its position in Telefonica Brasil by 214.0% in the second quarter. EverSource Wealth Advisors LLC now owns 4,766 shares of the Wireless communications provider’s stock worth $54,000 after buying an additional 3,248 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Telefonica Brasil in the 4th quarter worth about $110,000. 5.16% of the stock is owned by institutional investors.

Telefonica Brasil Price Performance

Shares of Telefonica Brasil stock opened at $13.96 on Friday. The firm has a market cap of $22.70 billion, a PE ratio of 18.86, a P/E/G ratio of 0.73 and a beta of 0.56. Telefonica Brasil S.A. has a twelve month low of $10.79 and a twelve month high of $17.25. The business has a 50-day moving average price of $13.45 and a 200 day moving average price of $14.47. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 0.21.

Telefonica Brasil (NYSE:VIV) last issued its quarterly earnings results on Thursday, May 7th. The Wireless communications provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.02). The company had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Telefonica Brasil had a return on equity of 9.32% and a net margin of 10.49%. Sell-side analysts predict that Telefonica Brasil S.A. will post 0.97 earnings per share for the current fiscal year.

Telefonica Brasil Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.4562 per share. The ex-dividend date is Friday, May 22nd. Telefonica Brasil’s dividend payout ratio (DPR) is currently 37.84%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VIV. Scotiabank decreased their price target on Telefonica Brasil from $15.70 to $15.40 and set a “sector perform” rating for the company in a research note on Wednesday, May 27th. New Street Research upgraded shares of Telefonica Brasil from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th. Weiss Ratings lowered Telefonica Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 7th. Wall Street Zen lowered shares of Telefonica Brasil from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Zacks Research downgraded shares of Telefonica Brasil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Telefonica Brasil has a consensus rating of “Reduce” and a consensus target price of $14.16.

Telefonica Brasil Profile

Telefônica Brasil SA, commonly marketed under the Vivo brand, is one of Brazil’s largest telecommunications providers, offering a broad range of consumer and enterprise communications services. The company’s core activities include mobile voice and data services, fixed-line telephony, broadband internet (including fiber-to-the-home), and pay-TV solutions. It also provides ICT and managed services for business customers, such as cloud, data center, connectivity, Internet of Things (IoT) and security solutions.

Vivo operates a nationwide network across Brazil and serves both individual consumers and corporate clients.