First Allied Advisory Services Inc. trimmed its holdings in shares of Telefonica Brasil S.A. (NYSE:VIV) by 12.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 14,864 shares of the Wireless communications provider’s stock after selling 2,147 shares during the period. First Allied Advisory Services Inc.’s holdings in Telefonica Brasil were worth $204,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in VIV. Bank of New York Mellon Corp lifted its holdings in shares of Telefonica Brasil by 0.6% during the 1st quarter. Bank of New York Mellon Corp now owns 220,472 shares of the Wireless communications provider’s stock worth $3,273,000 after acquiring an additional 1,212 shares during the period. Comerica Bank lifted its holdings in shares of Telefonica Brasil by 0.5% during the 1st quarter. Comerica Bank now owns 65,552 shares of the Wireless communications provider’s stock worth $963,000 after acquiring an additional 344 shares during the period. Sei Investments Co. lifted its holdings in shares of Telefonica Brasil by 9.2% during the 1st quarter. Sei Investments Co. now owns 15,340 shares of the Wireless communications provider’s stock worth $228,000 after acquiring an additional 1,287 shares during the period. State of Wisconsin Investment Board bought a new position in shares of Telefonica Brasil during the 1st quarter worth about $235,000. Finally, Neuberger Berman Group LLC lifted its holdings in shares of Telefonica Brasil by 16.1% during the 1st quarter. Neuberger Berman Group LLC now owns 77,054 shares of the Wireless communications provider’s stock worth $1,144,000 after acquiring an additional 10,670 shares during the period. 10.02% of the stock is owned by institutional investors.

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A number of research firms have recently commented on VIV. BidaskClub raised shares of Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Zacks Investment Research downgraded shares of Telefonica Brasil from a “hold” rating to a “strong sell” rating in a report on Monday, August 14th. Morgan Stanley reissued an “equal weight” rating and set a $15.00 price target on shares of Telefonica Brasil in a report on Monday, August 14th. Finally, Royal Bank Of Canada set a $15.00 price target on shares of Telefonica Brasil and gave the company a “hold” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Telefonica Brasil presently has an average rating of “Hold” and a consensus target price of $15.00.

Telefonica Brasil S.A. (NYSE:VIV) opened at 16.15 on Friday. 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 capitalization of $27.27 billion, a P/E ratio of 21.50 and a beta of 1.36. The company’s 50-day moving average is $16.01 and its 200 day moving average is $14.88.

Telefonica Brasil (NYSE:VIV) last announced its quarterly earnings data on Wednesday, July 26th. The Wireless communications provider reported $0.16 earnings per share (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%. Analysts predict that Telefonica Brasil S.A. will post $0.90 EPS for the current year.

The company also recently disclosed a dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Tuesday, October 3rd were paid a dividend of $0.05 per share. This is an increase from Telefonica Brasil’s previous dividend of $0.02. The ex-dividend date of this dividend was Monday, October 2nd. Telefonica Brasil’s dividend payout ratio is presently 81.08%.

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

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