The Telefonica Brasil S.A. (VIV) Shares Sold by Wellington Management Group LLP

The Telefonica Brasil S.A. (VIV) Shares Sold by Wellington Management Group LLP

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Comerica Bank increased its position in Telefonica Brasil by 12.3% in the fourth quarter. Comerica Bank now owns 65,208 shares of the Wireless communications provider’s stock worth $919,000 after buying an additional 7,152 shares during the period. DnB Asset Management AS increased its position in Telefonica Brasil by 12.6% in the first quarter. DnB Asset Management AS now owns 43,800 shares of the Wireless communications provider’s stock worth $650,000 after buying an additional 4,900 shares during the period. Profund Advisors LLC increased its position in Telefonica Brasil by 77.2% in the first quarter. Profund Advisors LLC now owns 77,631 shares of the Wireless communications provider’s stock worth $1,153,000 after buying an additional 33,817 shares during the last quarter. Acadian Asset Management LLC increased its position in Telefonica Brasil by 1,724.9% in the first quarter. Acadian Asset Management LLC now owns 258,825 shares of the Wireless communications provider’s stock worth $3,843,000 after buying an additional 244,642 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Telefonica Brasil by 13.8% in the first quarter. Janney Montgomery Scott LLC now owns 20,728 shares of the Wireless communications provider’s stock worth $308,000 after buying an additional 2,514 shares during the last quarter. Hedge funds and other institutional investors own 10.88% of the company’s stock.

Wellington Management Group LLP cut its stake in shares of Telefonica Brasil S.A. (NYSE:VIV) by 89.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 189,701 shares of the Wireless communications provider’s stock after selling 1,533,213 shares during the period. Wellington Management Group LLP’s holdings in Telefonica Brasil were worth $2,817,000 as of its most recent SEC filing.

Shares of Telefonica Brasil S.A. (NYSE VIV) traded up 0.53% during trading on Wednesday, reaching $15.09. 1,578,063 shares of the company were exchanged. Telefonica Brasil S.A. has a one year low of $11.95 and a one year high of $15.69. The stock has a market capitalization of $25.48 billion, a price-to-earnings ratio of 20.61 and a beta of 1.34. The company has a 50 day moving average price of $14.04 and a 200-day moving average price of $14.54.

Telefonica Brasil (NYSE:VIV) last released its quarterly earnings data on Wednesday, July 26th. The Wireless communications provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.22 by $0.06. Telefonica Brasil had a return on equity of 5.91% and a net margin of 9.41%. The business had revenue of $3.33 billion during the quarter. Equities analysts predict that Telefonica Brasil S.A. will post $0.93 EPS for the current year.

The company also recently announced a dividend, which was paid on Thursday, July 6th. Stockholders of record on Thursday, July 6th were given a $0.015 dividend. The ex-dividend date was Monday, July 3rd. Telefonica Brasil’s dividend payout ratio is currently 87.84%.

A number of analysts recently weighed in on the stock. Royal Bank Of Canada reissued a “hold” rating and set a $15.50 target price on shares of Telefonica Brasil in a research note on Tuesday, May 16th. Zacks Investment Research raised shares of Telefonica Brasil from a “sell” rating to a “hold” rating and set a $17.00 price objective on the stock in a research note on Thursday, April 20th. Finally, BidaskClub cut shares of Telefonica Brasil from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $15.50.

About Telefonica Brasil

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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