Strs Ohio Has $5,556,000 Stake in Telefonica Brasil S.A. (VIV)
Strs Ohio continued to hold its position in shares of Telefonica Brasil S.A. (NYSE:VIV) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 384,000 shares of the company’s stock at the end of the third quarter. Strs Ohio’s holdings in Telefonica Brasil were worth $5,556,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Paloma Partners Management Co acquired a new position in shares of Telefonica Brasil during the second quarter worth about $198,000. Citigroup Inc. increased its position in shares of Telefonica Brasil by 41.2% in the second quarter. Citigroup Inc. now owns 15,764 shares of the company’s stock worth $215,000 after buying an additional 4,600 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Telefonica Brasil during the third quarter worth about $224,000. Analytic Investors LLC acquired a new position in shares of Telefonica Brasil during the second quarter worth about $286,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Telefonica Brasil by 275.4% in the second quarter. Tower Research Capital LLC TRC now owns 21,398 shares of the company’s stock worth $291,000 after buying an additional 15,698 shares during the last quarter. 10.02% of the stock is currently owned by hedge funds and other institutional investors.
Telefonica Brasil S.A. (NYSE:VIV) opened at 14.09 on Friday. Telefonica Brasil S.A. has a one year low of $7.72 and a one year high of $15.69. The company has a market capitalization of $23.79 billion, a P/E ratio of 19.41 and a beta of 1.47. The stock’s 50 day moving average price is $13.14 and its 200-day moving average price is $13.96.
The company also recently disclosed a dividend, which was paid on Thursday, January 5th. Shareholders of record on Thursday, January 5th were issued a dividend of $0.093 per share. The ex-dividend date of this dividend was Tuesday, January 3rd. Telefonica Brasil’s payout ratio is currently 81.54%.
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VIV has been the topic of a number of research analyst reports. Credit Suisse Group raised Telefonica Brasil from a “neutral” rating to an “outperform” rating in a report on Friday, October 28th. RBC Capital Markets reaffirmed an “underperform” rating on shares of Telefonica Brasil in a report on Saturday, October 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $16.25.
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. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband (UBB), Pay television, information technology and digital services (such as e-health, cloud and financial services).
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