DGS Capital Management LLC Boosts Stock Holdings in Telefônica Brasil S.A. (NYSE:VIV)

DGS Capital Management LLC raised its holdings in Telefônica Brasil S.A. (NYSE:VIV) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,336 shares of the Wireless communications provider’s stock after purchasing an additional 4,518 shares during the period. DGS Capital Management LLC’s holdings in Telefônica Brasil were worth $813,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. boosted its position in shares of Telefônica Brasil by 3.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 13,992,613 shares of the Wireless communications provider’s stock valued at $119,637,000 after acquiring an additional 469,546 shares during the period. BlackRock Inc. boosted its position in shares of Telefônica Brasil by 11.9% in the second quarter. BlackRock Inc. now owns 6,755,785 shares of the Wireless communications provider’s stock valued at $61,680,000 after acquiring an additional 718,907 shares during the period. Bank of America Corp DE boosted its position in shares of Telefônica Brasil by 75.6% in the first quarter. Bank of America Corp DE now owns 3,480,847 shares of the Wireless communications provider’s stock valued at $26,350,000 after acquiring an additional 1,499,024 shares during the period. Macquarie Group Ltd. boosted its position in shares of Telefônica Brasil by 6.8% in the second quarter. Macquarie Group Ltd. now owns 3,135,455 shares of the Wireless communications provider’s stock valued at $28,407,000 after acquiring an additional 198,702 shares during the period. Finally, Morgan Stanley boosted its position in shares of Telefônica Brasil by 622.7% in the fourth quarter. Morgan Stanley now owns 2,749,843 shares of the Wireless communications provider’s stock valued at $19,661,000 after acquiring an additional 2,369,339 shares during the period. 5.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. StockNews.com upgraded shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 20th. Morgan Stanley reiterated an “equal weight” rating and set a $11.00 target price on shares of Telefônica Brasil in a research report on Friday, January 5th. Barclays lifted their target price on shares of Telefônica Brasil from $13.00 to $13.50 and gave the company an “equal weight” rating in a research report on Monday, February 26th. Finally, TheStreet upgraded shares of Telefônica Brasil from a “c-” rating to a “b” rating in a research report on Thursday, December 21st. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Telefônica Brasil has a consensus rating of “Moderate Buy” and an average target price of $11.73.

Telefônica Brasil Trading Down 1.3 %

Shares of VIV traded down $0.12 during mid-day trading on Tuesday, reaching $9.29. The company’s stock had a trading volume of 250,535 shares, compared to its average volume of 847,190. The stock has a market cap of $15.45 billion, a PE ratio of 15.18, a P/E/G ratio of 0.74 and a beta of 0.75. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.20. Telefônica Brasil S.A. has a 52 week low of $7.87 and a 52 week high of $11.43. The company’s fifty day moving average price is $10.46 and its two-hundred day moving average price is $10.21.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings data on Tuesday, February 20th. The Wireless communications provider reported $0.20 earnings per share for the quarter. The firm had revenue of $2.73 billion during the quarter. Telefônica Brasil had a net margin of 9.70% and a return on equity of 7.33%. On average, analysts predict that Telefônica Brasil S.A. will post 0.7 earnings per share for the current fiscal year.

Telefônica Brasil Increases Dividend

The firm also recently disclosed a — dividend, which was paid on Tuesday, April 9th. Stockholders of record on Wednesday, April 10th were issued a $0.1823 dividend. This represents a dividend yield of 4%. This is a positive change from Telefônica Brasil’s previous — dividend of $0.03. The ex-dividend date of this dividend was Tuesday, April 9th. Telefônica Brasil’s payout ratio is presently 54.84%.

Telefônica Brasil Company Profile

Telefônica Brasil SA, together with its subsidiaries, operates as a mobile telecommunications company in Brazil. Its fixed line services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband internet access through 3G, 4G, 4.5G, and 5G, as well as mobile value-added and wireless roaming services.