Bank of New York Mellon Corp Increases Position in Telefonica Brasil SA (VIV)

Bank of New York Mellon Corp lifted its position in Telefonica Brasil SA (NYSE:VIV) by 27.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 223,943 shares of the Wireless communications provider’s stock after purchasing an additional 47,739 shares during the period. Bank of New York Mellon Corp’s holdings in Telefonica Brasil were worth $3,547,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Sei Investments Co. boosted its holdings in shares of Telefonica Brasil by 807.8% in the third quarter. Sei Investments Co. now owns 71,846 shares of the Wireless communications provider’s stock valued at $1,138,000 after purchasing an additional 63,932 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of Telefonica Brasil by 25.7% in the third quarter. BNP Paribas Arbitrage SA now owns 591,718 shares of the Wireless communications provider’s stock valued at $9,373,000 after purchasing an additional 120,961 shares during the period. River Road Asset Management LLC purchased a new stake in shares of Telefonica Brasil in the third quarter valued at approximately $173,000. Tocqueville Asset Management L.P. boosted its holdings in shares of Telefonica Brasil by 12.4% in the third quarter. Tocqueville Asset Management L.P. now owns 1,664,960 shares of the Wireless communications provider’s stock valued at $26,373,000 after purchasing an additional 183,918 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Telefonica Brasil by 700,000.0% in the third quarter. Canada Pension Plan Investment Board now owns 70,010 shares of the Wireless communications provider’s stock valued at $1,109,000 after purchasing an additional 70,000 shares during the period. Hedge funds and other institutional investors own 9.33% of the company’s stock.

A number of brokerages recently issued reports on VIV. Royal Bank of Canada reiterated a “hold” rating and issued a $15.60 price target on shares of Telefonica Brasil in a report on Thursday, November 2nd. Barclays boosted their price target on Telefonica Brasil from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Monday, October 16th. Santander lowered Telefonica Brasil from a “buy” rating to a “hold” rating in a report on Thursday, December 21st. Finally, Zacks Investment Research upgraded Telefonica Brasil from a “strong sell” rating to a “hold” rating in a report on Monday, October 16th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $16.03.

Telefonica Brasil SA (NYSE VIV) opened at $15.31 on Friday. The company has a market cap of $24,270.00, a P/E ratio of 19.38, a P/E/G ratio of 1.15 and a beta of 1.36. Telefonica Brasil SA has a 12 month low of $13.06 and a 12 month high of $16.85. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.07.

The firm also recently disclosed a dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, December 28th were paid a $0.231 dividend. This is an increase from Telefonica Brasil’s previous dividend of $0.05. The ex-dividend date of this dividend was Wednesday, December 27th. Telefonica Brasil’s payout ratio is 103.80%.

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Telefonica Brasil Company Profile

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.

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

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