Quantbot Technologies LP boosted its stake in shares of Telefonica Brasil S.A. (NYSE:VIV) by 934.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,791 shares of the Wireless communications provider’s stock after acquiring an additional 36,849 shares during the quarter. Quantbot Technologies LP’s holdings in Telefonica Brasil were worth $550,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Artisan Partners Limited Partnership raised its stake in Telefonica Brasil by 4.5% during the second quarter. Artisan Partners Limited Partnership now owns 74,619,075 shares of the Wireless communications provider’s stock worth $1,006,611,000 after acquiring an additional 3,236,064 shares in the last quarter. Brandes Investment Partners LP increased its stake in shares of Telefonica Brasil by 0.3% in the second quarter. Brandes Investment Partners LP now owns 10,932,269 shares of the Wireless communications provider’s stock valued at $150,586,000 after buying an additional 29,472 shares in the last quarter. Macquarie Group Ltd. increased its stake in shares of Telefonica Brasil by 0.4% in the first quarter. Macquarie Group Ltd. now owns 5,155,797 shares of the Wireless communications provider’s stock valued at $76,566,000 after buying an additional 19,734 shares in the last quarter. Pzena Investment Management LLC increased its stake in shares of Telefonica Brasil by 7.0% in the second quarter. Pzena Investment Management LLC now owns 3,844,520 shares of the Wireless communications provider’s stock valued at $51,863,000 after buying an additional 250,032 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Telefonica Brasil by 10.8% in the second quarter. Vanguard Group Inc. now owns 3,497,039 shares of the Wireless communications provider’s stock valued at $47,175,000 after buying an additional 340,648 shares in the last quarter. Hedge funds and other institutional investors own 10.02% of the company’s stock.

VIV has been the subject of a number of research reports. Morgan Stanley reiterated an “equal weight” rating and issued a $15.00 price objective on shares of Telefonica Brasil in a research report on Monday, August 14th. Zacks Investment Research lowered Telefonica Brasil from a “hold” rating to a “strong sell” rating in a research report on Monday, August 14th. BidaskClub upgraded Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Finally, Royal Bank Of Canada set a $15.00 price objective on Telefonica Brasil and gave the stock a “hold” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $15.33.

Telefonica Brasil S.A. (VIV) opened at 15.84 on Friday. The firm’s 50-day moving average price is $15.51 and its 200-day moving average price is $14.70. Telefonica Brasil S.A. has a one year low of $11.95 and a one year high of $16.85. The company has a market cap of $26.75 billion, a PE ratio of 21.09 and a beta of 1.35.

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

The firm also recently announced a dividend, which will be paid on Tuesday, October 3rd. Investors of record on Tuesday, October 3rd will be given a dividend of $0.05 per share. This is a positive change from Telefonica Brasil’s previous dividend of $0.02. The ex-dividend date of this dividend is Monday, October 2nd. Telefonica Brasil’s dividend payout ratio is presently 74.32%.

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Telefonica Brasil Company 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.

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

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