Signaturefd LLC Sells 3,397 Shares of Telefônica Brasil S.A. (NYSE:VIV)

Signaturefd LLC decreased its holdings in shares of Telefônica Brasil S.A. (NYSE:VIV) by 12.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,178 shares of the Wireless communications provider’s stock after selling 3,397 shares during the period. Signaturefd LLC’s holdings in Telefônica Brasil were worth $248,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. increased its stake in shares of Telefônica Brasil by 2,821.8% during the second quarter. Blue Trust Inc. now owns 3,214 shares of the Wireless communications provider’s stock valued at $26,000 after purchasing an additional 3,104 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. bought a new position in shares of Telefônica Brasil during the second quarter valued at approximately $85,000. QRG Capital Management Inc. bought a new position in shares of Telefônica Brasil during the second quarter valued at approximately $83,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Telefônica Brasil during the first quarter valued at approximately $123,000. Finally, Aprio Wealth Management LLC bought a new stake in shares of Telefônica Brasil during the third quarter valued at approximately $134,000. Institutional investors own 5.16% of the company’s stock.

Telefônica Brasil Trading Down 1.9 %

Shares of Telefônica Brasil stock opened at $9.28 on Friday. The company’s fifty day simple moving average is $9.71 and its 200-day simple moving average is $9.16. The stock has a market capitalization of $15.44 billion, a PE ratio of 14.73, a P/E/G ratio of 0.93 and a beta of 0.80. Telefônica Brasil S.A. has a 1-year low of $8.02 and a 1-year high of $11.43. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.03 and a quick ratio of 0.98.

Telefônica Brasil (NYSE:VIV) last issued its quarterly earnings results on Monday, July 29th. The Wireless communications provider reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Telefônica Brasil had a net margin of 9.65% and a return on equity of 7.53%. During the same quarter last year, the company posted $0.14 EPS. As a group, equities analysts anticipate that Telefônica Brasil S.A. will post 0.61 earnings per share for the current year.

Telefônica Brasil Cuts Dividend

The firm also recently declared a — dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 27th were paid a dividend of $0.0379 per share. This represents a dividend yield of 3.2%. The ex-dividend date was Tuesday, August 27th. Telefônica Brasil’s dividend payout ratio is presently 42.86%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VIV. Morgan Stanley raised shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a research report on Thursday, July 11th. Scotiabank lifted their target price on shares of Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a research report on Friday, September 20th. Barclays lifted their target price on shares of Telefônica Brasil from $11.00 to $11.50 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Finally, StockNews.com downgraded shares of Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Telefônica Brasil presently has an average rating of “Moderate Buy” and a consensus price target of $10.97.

Telefônica Brasil Profile

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.