Diversify Advisory Services LLC Makes New $497,000 Investment in Telefônica Brasil S.A. (NYSE:VIV)

Diversify Advisory Services LLC purchased a new stake in shares of Telefônica Brasil S.A. (NYSE:VIV) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 49,584 shares of the Wireless communications provider’s stock, valued at approximately $497,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brandes Investment Partners LP increased its stake in Telefônica Brasil by 38.5% during the fourth quarter. Brandes Investment Partners LP now owns 1,917,010 shares of the Wireless communications provider’s stock valued at $20,972,000 after acquiring an additional 532,794 shares during the period. Goldman Sachs Group Inc. increased its stake in Telefônica Brasil by 165.5% during 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. increased its stake in Telefônica Brasil by 82.7% during 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 acquiring an additional 725,072 shares during the period. Strs Ohio increased its stake in Telefônica Brasil by 45.8% during the fourth quarter. Strs Ohio now owns 700,000 shares of the Wireless communications provider’s stock valued at $7,658,000 after acquiring an additional 220,000 shares during the period. Finally, Banco BTG Pactual S.A. bought a new position in Telefônica Brasil during the fourth quarter valued at about $6,208,000. 5.16% of the stock is currently owned by institutional investors.

Telefônica Brasil Price Performance

NYSE VIV traded up $0.13 during trading on Friday, reaching $8.44. 969,874 shares of the company traded hands, compared to its average volume of 693,712. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.01. The stock’s 50 day moving average price is $8.69 and its two-hundred day moving average price is $9.79. The company has a market cap of $14.04 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 0.69 and a beta of 0.79. 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 announced its earnings results on Tuesday, May 7th. The Wireless communications provider reported $0.11 EPS for the quarter. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.73 billion. Telefônica Brasil had a return on equity of 7.39% and a net margin of 9.63%. As a group, analysts anticipate that Telefônica Brasil S.A. will post 0.68 EPS for the current year.

Telefônica Brasil Cuts Dividend

The firm also recently announced a — dividend, which was paid on Thursday, June 27th. Stockholders of record on Friday, January 1st were issued a $0.0166 dividend. This represents a dividend yield of 4.6%. The ex-dividend date of this dividend was Thursday, June 27th. Telefônica Brasil’s payout ratio is currently 44.44%.

Analyst Ratings Changes

Separately, Barclays decreased their price objective on Telefônica Brasil from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, May 9th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Telefônica Brasil has an average rating of “Moderate Buy” and an average target price of $11.35.

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.