Telefonica Brasil S.A. (VIV) Holdings Decreased by Citadel Advisors LLC
Citadel Advisors LLC cut its stake in shares of Telefonica Brasil S.A. (NYSE:VIV) by 11.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 111,670 shares of the Wireless communications provider’s stock after selling 13,800 shares during the period. Citadel Advisors LLC’s holdings in Telefonica Brasil were worth $1,506,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in VIV. Artisan Partners Limited Partnership lifted its holdings in shares of Telefonica Brasil by 4.5% in the 2nd 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 during the last quarter. Citigroup Inc. boosted its position in shares of Telefonica Brasil by 1,685.8% during the 2nd quarter. Citigroup Inc. now owns 1,310,961 shares of the Wireless communications provider’s stock worth $17,684,000 after purchasing an additional 1,237,552 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Telefonica Brasil by 60.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,194,876 shares of the Wireless communications provider’s stock worth $47,443,000 after purchasing an additional 1,202,685 shares during the period. Tocqueville Asset Management L.P. boosted its position in shares of Telefonica Brasil by 106.8% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 1,481,042 shares of the Wireless communications provider’s stock worth $19,979,000 after purchasing an additional 764,760 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Telefonica Brasil by 488.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 470,757 shares of the Wireless communications provider’s stock worth $6,351,000 after purchasing an additional 390,711 shares during the period. 10.02% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Telefonica Brasil S.A. (VIV) opened at 15.87 on Tuesday. The firm’s 50-day moving average is $15.75 and its 200-day moving average is $14.80. Telefonica Brasil S.A. has a 52 week low of $11.95 and a 52 week high of $16.85. The stock has a market capitalization of $26.80 billion, a price-to-earnings ratio of 21.13 and a beta of 1.36.
Telefonica Brasil (NYSE:VIV) last released its quarterly earnings data on Wednesday, July 26th. The Wireless communications provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). The firm had revenue of $3.33 billion for the quarter. Telefonica Brasil had a return on equity of 5.91% and a net margin of 9.41%. On average, equities research analysts anticipate that Telefonica Brasil S.A. will post $0.90 EPS for the current fiscal year.
The company also recently announced a dividend, which will be paid on Tuesday, October 3rd. Investors of record on Tuesday, October 3rd will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, October 2nd. This is a boost from Telefonica Brasil’s previous dividend of $0.02. Telefonica Brasil’s dividend payout ratio (DPR) is presently 74.32%.
Several research firms recently weighed in on VIV. Zacks Investment Research downgraded shares of Telefonica Brasil from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. BidaskClub cut Telefonica Brasil from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Royal Bank Of Canada set a $15.00 price target on Telefonica Brasil and gave the stock a “hold” rating in a research note on Friday, July 28th. Finally, Morgan Stanley restated an “equal weight” rating and set a $15.00 price target on shares of Telefonica Brasil in a research report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Telefonica Brasil currently has a consensus rating of “Hold” and an average price target of $15.33.
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.
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