CIBC World Markets Inc. reduced its stake in Telefonica Brasil S.A. (NYSE:VIV) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 401,937 shares of the Wireless communications provider’s stock after selling 2,180 shares during the quarter. CIBC World Markets Inc.’s holdings in Telefonica Brasil were worth $5,422,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Freestone Capital Holdings LLC lifted its position in Telefonica Brasil by 12.5% in the 2nd quarter. Freestone Capital Holdings LLC now owns 271,051 shares of the Wireless communications provider’s stock valued at $3,656,000 after acquiring an additional 30,076 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Telefonica Brasil by 3.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,275,000 shares of the Wireless communications provider’s stock valued at $17,200,000 after acquiring an additional 40,889 shares in the last quarter. Brandes Investment Partners LP lifted its position in Telefonica Brasil by 0.3% in the 2nd quarter. Brandes Investment Partners LP now owns 10,932,269 shares of the Wireless communications provider’s stock valued at $150,586,000 after acquiring an additional 29,472 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in Telefonica Brasil by 11.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 249,778 shares of the Wireless communications provider’s stock valued at $3,369,000 after acquiring an additional 25,439 shares in the last quarter. Finally, Delta Lloyd Asset Management N.V. bought a new stake in Telefonica Brasil in the 2nd quarter valued at $789,000. 10.04% of the stock is currently owned by institutional investors and hedge funds.

Shares of Telefonica Brasil S.A. (VIV) opened at 15.78 on Friday. Telefonica Brasil S.A. has a 52 week low of $11.95 and a 52 week high of $15.96. The firm has a market capitalization of $26.65 billion, a price-to-earnings ratio of 20.96 and a beta of 1.35. The firm has a 50-day moving average of $15.18 and a 200 day moving average of $14.62.

Telefonica Brasil (NYSE:VIV) last released its quarterly earnings results on Wednesday, July 26th. The Wireless communications provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by $0.06. Telefonica Brasil had a net margin of 9.41% and a return on equity of 5.91%. The firm had revenue of $3.33 billion for the quarter. On average, equities analysts predict that Telefonica Brasil S.A. will post $0.90 earnings per share for the current fiscal year.

Several equities research analysts recently commented on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $15.50 price objective on shares of Telefonica Brasil in a research report on Tuesday, May 16th. BidaskClub raised shares of Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Zacks Investment Research lowered shares of Telefonica Brasil from a “hold” rating to a “strong sell” rating in a research note on Monday, August 14th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $15.00 price target on shares of Telefonica Brasil in a research note on Monday, August 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $15.33.

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Telefonica Brasil Profile

Telefonica Brasil SA is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services.

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Institutional Ownership by Quarter for Telefonica Brasil (NYSE:VIV)

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