Telefônica Brasil S.A. (NYSE:VIV) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its holdings in Telefônica Brasil S.A. (NYSE:VIV) by 33.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,311,255 shares of the Wireless communications provider’s stock after selling 4,681,358 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.56% of Telefônica Brasil worth $101,865,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in VIV. Campbell & CO Investment Adviser LLC acquired a new position in Telefônica Brasil in the third quarter valued at $96,000. Euro Pacific Asset Management LLC increased its stake in Telefônica Brasil by 10.0% in the third quarter. Euro Pacific Asset Management LLC now owns 12,257 shares of the Wireless communications provider’s stock valued at $108,000 after purchasing an additional 1,113 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Telefônica Brasil in the third quarter valued at $115,000. Aprio Wealth Management LLC acquired a new stake in Telefônica Brasil during the fourth quarter worth about $143,000. Finally, Ballentine Partners LLC acquired a new stake in Telefônica Brasil during the fourth quarter worth about $147,000. 5.16% of the stock is currently owned by institutional investors and hedge funds.

Telefônica Brasil Stock Up 0.1 %

Shares of VIV stock traded up $0.01 during trading hours on Friday, reaching $9.08. The company had a trading volume of 476,977 shares, compared to its average volume of 1,014,212. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.01. Telefônica Brasil S.A. has a twelve month low of $7.87 and a twelve month high of $11.43. The company has a market capitalization of $15.11 billion, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 0.70 and a beta of 0.79. The stock’s fifty day simple moving average is $9.73 and its 200 day simple moving average is $10.27.

Telefônica Brasil (NYSE:VIV) last posted its earnings results on Tuesday, February 20th. The Wireless communications provider reported $0.20 earnings per share (EPS) for the quarter. Telefônica Brasil had a return on equity of 7.39% and a net margin of 9.63%. The business had revenue of $2.73 billion during the quarter. As a group, sell-side analysts expect that Telefônica Brasil S.A. will post 0.7 earnings per share for the current fiscal year.

Telefônica Brasil Cuts Dividend

The business also recently announced a — dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, January 1st were paid a $0.0373 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a dividend yield of 4.7%. Telefônica Brasil’s dividend payout ratio (DPR) is currently 47.62%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Barclays dropped their price target on Telefônica Brasil from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Thursday, May 9th. StockNews.com upgraded Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 20th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $11.35.

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.