Vanguard Group Inc. Buys 360,266 Shares of Telefonica Brasil S.A. (NYSE:VIV)

Vanguard Group Inc. increased its position in Telefonica Brasil S.A. (NYSE:VIV) by 12.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,156,391 shares of the Wireless communications provider’s stock after buying an additional 360,266 shares during the period. Vanguard Group Inc. owned 0.19% of Telefonica Brasil worth $46,872,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Schafer Cullen Capital Management Inc. increased its stake in shares of Telefonica Brasil by 7.7% in the first quarter. Schafer Cullen Capital Management Inc. now owns 4,380,283 shares of the Wireless communications provider’s stock worth $65,047,000 after buying an additional 313,836 shares during the last quarter. Pzena Investment Management LLC increased its stake in shares of Telefonica Brasil by 4.8% in the first quarter. Pzena Investment Management LLC now owns 3,594,488 shares of the Wireless communications provider’s stock worth $53,379,000 after buying an additional 166,247 shares during the last quarter. Aberdeen Asset Management PLC UK increased its stake in shares of Telefonica Brasil by 0.3% in the first quarter. Aberdeen Asset Management PLC UK now owns 2,607,700 shares of the Wireless communications provider’s stock worth $38,737,000 after buying an additional 6,900 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Telefonica Brasil by 12.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,854,849 shares of the Wireless communications provider’s stock worth $27,544,000 after buying an additional 207,319 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in shares of Telefonica Brasil by 2.0% in the first quarter. Parametric Portfolio Associates LLC now owns 1,390,640 shares of the Wireless communications provider’s stock worth $20,651,000 after buying an additional 27,432 shares during the last quarter. 10.88% of the stock is owned by institutional investors and hedge funds.

Shares of Telefonica Brasil S.A. (VIV) traded up 0.13% during trading on Friday, reaching $15.00. The company had a trading volume of 367,116 shares. The firm has a market capitalization of $25.33 billion, a price-to-earnings ratio of 19.63 and a beta of 1.34. The firm has a 50-day moving average of $14.31 and a 200 day moving average of $14.58. Telefonica Brasil S.A. has a 52 week low of $11.95 and a 52 week high of $15.69.

Telefonica Brasil (NYSE:VIV) last released its earnings results 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 business 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%. On average, equities research analysts forecast that Telefonica Brasil S.A. will post $0.92 earnings per share for the current year.

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A number of analysts recently issued reports on the company. BidaskClub raised Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Zacks Investment Research downgraded Telefonica Brasil from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $15.50 price objective on shares of Telefonica Brasil in a research report on Tuesday, May 16th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $15.50.

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.

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

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