Longfellow Investment Management Co. LLC Sells 86,246 Shares of Telefonica Brasil S.A. $VIV

Longfellow Investment Management Co. LLC lessened its stake in shares of Telefonica Brasil S.A. (NYSE:VIV) by 33.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 173,816 shares of the Wireless communications provider’s stock after selling 86,246 shares during the quarter. Longfellow Investment Management Co. LLC’s holdings in Telefonica Brasil were worth $2,061,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rhumbline Advisers raised its position in Telefonica Brasil by 337.7% in the 1st quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider’s stock valued at $37,000 after purchasing an additional 3,266 shares during the last quarter. Advisors Asset Management Inc. bought a new position in Telefonica Brasil in the 1st quarter valued at $52,000. EverSource Wealth Advisors LLC raised its position in Telefonica Brasil by 214.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,766 shares of the Wireless communications provider’s stock valued at $54,000 after purchasing an additional 3,248 shares during the last quarter. SG Americas Securities LLC bought a new position in Telefonica Brasil in the 4th quarter valued at $110,000. Finally, Xponance Inc. bought a new position in Telefonica Brasil in the 3rd quarter valued at $130,000. Institutional investors own 5.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on VIV shares. Scotiabank cut their price objective on Telefonica Brasil from $15.70 to $15.40 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. Zacks Research downgraded Telefonica Brasil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. The Goldman Sachs Group started coverage on Telefonica Brasil in a research report on Monday, May 18th. They issued a “sell” rating and a $13.90 price objective for the company. Bradesco Corretora downgraded Telefonica Brasil to a “neutral” rating in a research report on Tuesday, April 28th. Finally, Wall Street Zen downgraded Telefonica Brasil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $14.36.

Telefonica Brasil Stock Down 2.8%

NYSE VIV opened at $12.79 on Friday. The stock has a fifty day moving average of $15.12 and a 200-day moving average of $14.30. The stock has a market capitalization of $20.80 billion, a P/E ratio of 17.28, a price-to-earnings-growth ratio of 0.68 and a beta of 0.56. Telefonica Brasil S.A. has a 52 week low of $10.10 and a 52 week high of $17.25. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.03 and a current ratio of 1.10.

Telefonica Brasil (NYSE:VIV) last released its earnings results on Thursday, May 7th. The Wireless communications provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.02). The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.98 billion. Telefonica Brasil had a net margin of 10.49% and a return on equity of 9.32%. On average, equities research analysts forecast that Telefonica Brasil S.A. will post 0.97 EPS for the current year.

Telefonica Brasil Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Friday, May 22nd will be paid a $0.4562 dividend. The ex-dividend date of this dividend is Friday, May 22nd. Telefonica Brasil’s dividend payout ratio (DPR) is 100.00%.

About Telefonica Brasil

Telefônica Brasil SA, commonly marketed under the Vivo brand, is one of Brazil’s largest telecommunications providers, offering a broad range of consumer and enterprise communications services. The company’s core activities include mobile voice and data services, fixed-line telephony, broadband internet (including fiber-to-the-home), and pay-TV solutions. It also provides ICT and managed services for business customers, such as cloud, data center, connectivity, Internet of Things (IoT) and security solutions.

Vivo operates a nationwide network across Brazil and serves both individual consumers and corporate clients.