Telefônica Brasil S.A. (NYSE:VIV) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its stake in shares of Telefônica Brasil S.A. (NYSE:VIVGet Rating) by 4.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 194,086 shares of the Wireless communications provider’s stock after selling 10,000 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Telefônica Brasil were worth $1,758,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of VIV. DekaBank Deutsche Girozentrale lifted its holdings in shares of Telefônica Brasil by 902.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 20,042 shares of the Wireless communications provider’s stock valued at $225,000 after purchasing an additional 18,042 shares during the last quarter. National Asset Management Inc. purchased a new stake in shares of Telefônica Brasil during the first quarter valued at $129,000. Leuthold Group LLC purchased a new stake in shares of Telefônica Brasil during the first quarter valued at $563,000. Advisor Group Holdings Inc. lifted its stake in Telefônica Brasil by 20.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 18,222 shares of the Wireless communications provider’s stock worth $239,000 after acquiring an additional 3,127 shares in the last quarter. Finally, DGS Capital Management LLC lifted its stake in Telefônica Brasil by 8.1% in the 1st quarter. DGS Capital Management LLC now owns 42,358 shares of the Wireless communications provider’s stock worth $477,000 after acquiring an additional 3,165 shares in the last quarter. 7.07% of the stock is owned by hedge funds and other institutional investors.

Telefônica Brasil Price Performance

Telefônica Brasil stock opened at $7.22 on Friday. The business has a 50 day simple moving average of $7.75 and a 200 day simple moving average of $8.67. Telefônica Brasil S.A. has a one year low of $6.98 and a one year high of $11.78. The company has a market capitalization of $12.11 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 1.93 and a beta of 0.50. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.85 and a quick ratio of 0.82.

Telefônica Brasil Cuts Dividend

The company also recently announced a — dividend, which was paid on Thursday, September 1st. Stockholders of record on Friday, January 1st were paid a $0.0296 dividend. The ex-dividend date was Thursday, September 1st. This represents a dividend yield of 7.8%. Telefônica Brasil’s dividend payout ratio (DPR) is currently 50.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on VIV shares. StockNews.com raised Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 12th. The Goldman Sachs Group dropped their target price on Telefônica Brasil from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Tuesday, August 9th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $33.50.

Telefônica Brasil Company 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.

See Also

Want to see what other hedge funds are holding VIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Telefônica Brasil S.A. (NYSE:VIVGet Rating).

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

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