Longfellow Investment Management Co. LLC Has $2.06 Million Holdings in Telefonica Brasil S.A. $VIV

Longfellow Investment Management Co. LLC cut its stake in shares of Telefonica Brasil S.A. (NYSE:VIV) by 33.2% in the fourth quarter, Holdings Channel reports. The firm owned 173,816 shares of the Wireless communications provider’s stock after selling 86,246 shares during the quarter. Longfellow Investment Management Co. LLC’s holdings in Telefonica Brasil were worth $2,061,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in VIV. Royal Bank of Canada grew its stake in shares of Telefonica Brasil by 30.3% during the first quarter. Royal Bank of Canada now owns 431,051 shares of the Wireless communications provider’s stock worth $3,758,000 after purchasing an additional 100,315 shares during the period. Advisors Asset Management Inc. acquired a new stake in shares of Telefonica Brasil during the first quarter worth $52,000. Rhumbline Advisers grew its stake 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 worth $37,000 after purchasing an additional 3,266 shares during the period. Cetera Investment Advisers grew its stake in shares of Telefonica Brasil by 13.8% during the second quarter. Cetera Investment Advisers now owns 48,646 shares of the Wireless communications provider’s stock worth $555,000 after purchasing an additional 5,902 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Telefonica Brasil by 31.1% during the second quarter. JPMorgan Chase & Co. now owns 79,937 shares of the Wireless communications provider’s stock worth $911,000 after purchasing an additional 18,975 shares during the period. 5.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on VIV shares. Barclays set a $16.50 price objective on Telefonica Brasil and gave the stock an “equal weight” rating in a research note on Friday, April 17th. New Street Research raised Telefonica Brasil from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th. Bradesco Corretora cut Telefonica Brasil to a “neutral” rating in a research note on Tuesday, April 28th. Weiss Ratings cut Telefonica Brasil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Finally, Zacks Research cut Telefonica Brasil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $14.36.

Telefonica Brasil Stock Down 2.8%

NYSE:VIV opened at $12.79 on Friday. Telefonica Brasil S.A. has a 1 year low of $10.10 and a 1 year high of $17.25. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 0.21. The stock has a market cap of $20.80 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 0.68 and a beta of 0.56. The stock has a 50-day moving average price of $15.12 and a two-hundred day moving average price of $14.30.

Telefonica Brasil (NYSE:VIV) last posted its earnings results on Thursday, May 7th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). Telefonica Brasil had a net margin of 10.49% and a return on equity of 9.32%. The business had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.98 billion. As a group, equities analysts expect that Telefonica Brasil S.A. will post 0.97 earnings per share for the current year.

Telefonica Brasil Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Friday, May 22nd will be paid a $0.4562 dividend. The ex-dividend date of this dividend is Friday, May 22nd. Telefonica Brasil’s payout ratio is presently 100.00%.

About Telefonica Brasil

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.