80,500 Shares in Telefonica Brasil S.A. $VIV Acquired by Barometer Capital Management Inc.

Barometer Capital Management Inc. purchased a new stake in Telefonica Brasil S.A. (NYSE:VIV) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 80,500 shares of the Wireless communications provider’s stock, valued at approximately $1,277,000.

Other large investors have also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in shares of Telefonica Brasil by 138.8% during the third quarter. Invesco Ltd. now owns 2,856,618 shares of the Wireless communications provider’s stock worth $36,422,000 after buying an additional 1,660,475 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Telefonica Brasil in the second quarter valued at about $4,192,000. Kapitalo Investimentos Ltda bought a new position in Telefonica Brasil during the fourth quarter worth about $4,211,000. Millennium Management LLC raised its stake in Telefonica Brasil by 477.6% in the 3rd quarter. Millennium Management LLC now owns 392,232 shares of the Wireless communications provider’s stock worth $5,001,000 after purchasing an additional 324,319 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in Telefonica Brasil by 22.5% in the 3rd quarter. Two Sigma Investments LP now owns 1,672,947 shares of the Wireless communications provider’s stock worth $21,330,000 after purchasing an additional 307,501 shares in the last quarter. Institutional investors own 5.16% of the company’s stock.

Telefonica Brasil Stock Performance

Shares of Telefonica Brasil stock opened at $14.11 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 0.21. The company has a market cap of $22.96 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 0.74 and a beta of 0.56. The company has a 50 day moving average of $13.42 and a 200-day moving average of $14.52. Telefonica Brasil S.A. has a 1-year low of $10.79 and a 1-year high of $17.25.

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

Telefonica Brasil Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, July 21st. Stockholders of record on Friday, May 22nd were paid a $0.4562 dividend. The ex-dividend date was Friday, May 22nd. Telefonica Brasil’s dividend payout ratio (DPR) is presently 36.49%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on VIV shares. The Goldman Sachs Group started coverage on shares of Telefonica Brasil in a research report on Monday, May 18th. They set a “sell” rating and a $13.90 target price on the stock. Barclays set a $15.50 price target on Telefonica Brasil and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Zacks Research lowered Telefonica Brasil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Bradesco Corretora downgraded Telefonica Brasil to a “neutral” rating in a research report on Tuesday, April 28th. Finally, Wall Street Zen lowered Telefonica Brasil from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $14.16.

Telefonica Brasil Profile

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.