Kempen Capital Management N.V. grew its stake in Telefonica Brasil S.A. (NYSE:VIV) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,742,574 shares of the Wireless communications provider’s stock after acquiring an additional 25,400 shares during the period. Telefonica Brasil accounts for approximately 2.2% of Kempen Capital Management N.V.’s holdings, making the stock its 17th largest position. Kempen Capital Management N.V. owned approximately 0.10% of Telefonica Brasil worth $23,508,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its holdings in shares of Telefonica Brasil by 178.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,641 shares of the Wireless communications provider’s stock valued at $103,000 after acquiring an additional 4,893 shares in the last quarter. Trexquant Investment LP bought a new position in Telefonica Brasil during the second quarter worth about $175,000. AXA bought a new position in Telefonica Brasil during the first quarter worth about $177,000. Sei Investments Co. grew its holdings in Telefonica Brasil by 9.2% during the first quarter. Sei Investments Co. now owns 15,340 shares of the Wireless communications provider’s stock worth $228,000 after purchasing an additional 1,287 shares during the period. Finally, State of Wisconsin Investment Board bought a new position in Telefonica Brasil during the first quarter worth about $235,000. Institutional investors own 10.04% of the company’s stock.

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VIV has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Telefonica Brasil from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Wednesday, May 31st. BidaskClub cut Telefonica Brasil from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Royal Bank Of Canada set a $15.00 price target on Telefonica Brasil and gave the stock a “hold” rating in a report on Friday, July 28th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $15.00 price target on shares of Telefonica Brasil in a report on Monday, August 14th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $15.33.

Telefonica Brasil S.A. (NYSE VIV) traded up 1.35% during trading on Friday, reaching $16.53. The company had a trading volume of 1,224,228 shares. Telefonica Brasil S.A. has a one year low of $11.95 and a one year high of $16.55. The company has a 50-day moving average price of $15.42 and a 200 day moving average price of $14.67. The company has a market capitalization of $27.91 billion, a price-to-earnings ratio of 21.92 and a beta of 1.35.

Telefonica Brasil (NYSE:VIV) last posted its quarterly earnings data on Wednesday, July 26th. The Wireless communications provider reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.06). The firm had revenue of $3.33 billion during the quarter. Telefonica Brasil had a net margin of 9.41% and a return on equity of 5.91%. Analysts expect that Telefonica Brasil S.A. will post $0.90 earnings per share for the current year.

Telefonica Brasil 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.

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

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