Yousif Capital Management LLC Makes New $227,000 Investment in Telefônica Brasil S.A. (NYSE:VIV)

Yousif Capital Management LLC acquired a new position in Telefônica Brasil S.A. (NYSE:VIVGet Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 26,194 shares of the Wireless communications provider’s stock, valued at approximately $227,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Artisan Partners Limited Partnership grew its holdings in Telefônica Brasil by 2.1% in the third quarter. Artisan Partners Limited Partnership now owns 87,475,352 shares of the Wireless communications provider’s stock worth $678,809,000 after purchasing an additional 1,832,502 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in shares of Telefônica Brasil by 7.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 59,481 shares of the Wireless communications provider’s stock valued at $462,000 after buying an additional 3,964 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Telefônica Brasil by 20.3% during the third quarter. Raymond James & Associates now owns 84,058 shares of the Wireless communications provider’s stock valued at $652,000 after buying an additional 14,200 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Telefônica Brasil by 12.5% during the third quarter. BlackRock Inc. now owns 3,635,698 shares of the Wireless communications provider’s stock valued at $28,213,000 after buying an additional 403,268 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Telefônica Brasil by 10.6% during the third quarter. Hsbc Holdings PLC now owns 75,011 shares of the Wireless communications provider’s stock valued at $582,000 after buying an additional 7,176 shares during the last quarter. Institutional investors and hedge funds own 7.66% of the company’s stock.

A number of research firms have recently commented on VIV. Zacks Investment Research upgraded shares of Telefônica Brasil from a “sell” rating to a “hold” rating in a report on Wednesday, March 2nd. Citigroup began coverage on shares of Telefônica Brasil in a report on Monday, April 18th. They set a “neutral” rating on the stock. Scotiabank cut shares of Telefônica Brasil from a “sector outperform” rating to a “sector perform” rating in a report on Thursday, April 7th. Finally, StockNews.com cut shares of Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 9th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Telefônica Brasil has an average rating of “Hold” and a consensus price target of $9.38.

Shares of VIV opened at $10.89 on Friday. Telefônica Brasil S.A. has a 1-year low of $7.61 and a 1-year high of $11.78. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.94 and a quick ratio of 0.91. The firm has a market capitalization of $18.26 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 1.09 and a beta of 0.44. The company has a 50-day moving average of $10.54 and a 200 day moving average of $9.33.

Telefônica Brasil (NYSE:VIVGet Rating) last posted its quarterly earnings data on Tuesday, February 22nd. The Wireless communications provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.17 by $0.11. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.11 billion. Telefônica Brasil had a net margin of 14.07% and a return on equity of 7.37%. On average, equities analysts anticipate that Telefônica Brasil S.A. will post 0.64 earnings per share for the current fiscal year.

The firm also recently disclosed a None dividend, which will be paid on Tuesday, October 25th. Stockholders of record on Thursday, April 28th will be issued a $0.235 dividend. The ex-dividend date is Wednesday, April 27th. Telefônica Brasil’s dividend payout ratio (DPR) is currently 35.29%.

Telefônica Brasil Profile (Get Rating)

Telefônica Brasil SA, together with its subsidiaries, provides mobile and fixed telecommunications services to residential and corporate customers 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 services and wireless roaming services.

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

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