Telefônica Brasil S.A. (NYSE:VIV) Shares Purchased by Waterfront Wealth Inc.

Waterfront Wealth Inc. boosted its position in shares of Telefônica Brasil S.A. (NYSE:VIV) by 134.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 203,837 shares of the Wireless communications provider’s stock after acquiring an additional 116,957 shares during the quarter. Waterfront Wealth Inc.’s holdings in Telefônica Brasil were worth $1,674,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in VIV. Goldman Sachs Group Inc. lifted its holdings in Telefônica Brasil by 165.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,856,545 shares of the Wireless communications provider’s stock valued at $20,311,000 after acquiring an additional 1,157,304 shares during the period. Pinebridge Investments L.P. raised its position in shares of Telefônica Brasil by 82.7% in the fourth quarter. Pinebridge Investments L.P. now owns 1,601,608 shares of the Wireless communications provider’s stock valued at $17,517,000 after buying an additional 725,072 shares during the last quarter. Banco BTG Pactual S.A. purchased a new position in Telefônica Brasil in the 4th quarter worth approximately $6,208,000. Brandes Investment Partners LP grew its holdings in Telefônica Brasil by 38.5% in the 4th quarter. Brandes Investment Partners LP now owns 1,917,010 shares of the Wireless communications provider’s stock valued at $20,972,000 after buying an additional 532,794 shares in the last quarter. Finally, Summit Global Investments increased its position in Telefônica Brasil by 82.4% during the second quarter. Summit Global Investments now owns 523,647 shares of the Wireless communications provider’s stock worth $4,299,000 after purchasing an additional 236,594 shares during the last quarter. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Wall Street Analyst Weigh In

VIV has been the topic of a number of recent analyst reports. StockNews.com cut Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a report on Sunday. Barclays increased their price target on Telefônica Brasil from $11.00 to $11.50 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Finally, Morgan Stanley upgraded shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a report on Thursday, July 11th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $11.17.

Telefônica Brasil Trading Up 0.4 %

VIV traded up $0.04 during mid-day trading on Friday, hitting $9.25. 779,153 shares of the stock were exchanged, compared to its average volume of 638,142. The company has a market cap of $15.39 billion, a PE ratio of 14.68, a PEG ratio of 0.90 and a beta of 0.79. The company has a current ratio of 1.03, a quick ratio of 0.98 and a debt-to-equity ratio of 0.21. The firm’s fifty day moving average is $8.87 and its two-hundred day moving average is $9.35. Telefônica Brasil S.A. has a 1-year low of $8.02 and a 1-year high of $11.43.

Telefônica Brasil (NYSE:VIV) last posted its quarterly earnings data on Monday, July 29th. The Wireless communications provider reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. Telefônica Brasil had a return on equity of 7.53% and a net margin of 9.65%. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the prior year, the company earned $0.14 earnings per share. Equities analysts forecast that Telefônica Brasil S.A. will post 0.61 earnings per share for the current fiscal year.

Telefônica Brasil Cuts Dividend

The company also recently disclosed a — dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 27th were given a dividend of $0.0379 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a dividend yield of 3.2%. Telefônica Brasil’s dividend payout ratio (DPR) is currently 53.97%.

About Telefônica Brasil

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.