Aberdeen Asset Management PLC UK increased its stake in Telefonica Brasil SA (NYSE:VIV) by 0.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,607,700 shares of the Wireless communications provider’s stock after buying an additional 6,900 shares during the period. Aberdeen Asset Management PLC UK owned about 0.15% of Telefonica Brasil SA worth $38,737,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. increased its position in Telefonica Brasil SA by 2.1% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,604 shares of the Wireless communications provider’s stock valued at $143,000 after buying an additional 200 shares in the last quarter. FNY Partners Fund LP bought a new position in Telefonica Brasil SA during the fourth quarter valued at approximately $134,000. Princeton Alpha Management LP bought a new position in Telefonica Brasil SA during the first quarter valued at approximately $158,000. GRATRY & Co LLC increased its position in Telefonica Brasil SA by 1.1% in the first quarter. GRATRY & Co LLC now owns 11,352 shares of the Wireless communications provider’s stock valued at $169,000 after buying an additional 125 shares in the last quarter. Finally, Frontier Wealth Management LLC bought a new position in Telefonica Brasil SA during the fourth quarter valued at approximately $155,000. Hedge funds and other institutional investors own 10.19% of the company’s stock.
Shares of Telefonica Brasil SA (NYSE:VIV) traded up 5.61% on Friday, reaching $14.11. The company had a trading volume of 2,286,554 shares. The firm has a market capitalization of $23.83 billion, a price-to-earnings ratio of 18.52 and a beta of 1.50. Telefonica Brasil SA has a 52 week low of $11.28 and a 52 week high of $15.69. The stock’s 50 day moving average is $14.80 and its 200 day moving average is $14.22.
The company also recently disclosed a dividend, which was paid on Monday, May 1st. Investors of record on Monday, May 1st were given a $0.353 dividend. This is a positive change from Telefonica Brasil SA’s previous dividend of $0.06. The ex-dividend date was Thursday, April 27th. Telefonica Brasil SA’s dividend payout ratio is 81.54%.
A number of research analysts recently issued reports on the company. Royal Bank of Canada restated a “hold” rating and set a $15.50 price target on shares of Telefonica Brasil SA in a report on Tuesday. Zacks Investment Research downgraded Telefonica Brasil SA from a “buy” rating to a “hold” rating in a report on Monday, May 8th. Finally, TheStreet upgraded Telefonica Brasil SA from a “c” rating to a “b-” rating in a report on Wednesday, March 8th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $16.67.
About Telefonica Brasil SA
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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