Sumitomo Mitsui Trust Group Inc. Has $1.78 Million Holdings in Telefonica Brasil S.A. $VIV

Sumitomo Mitsui Trust Group Inc. decreased its position in Telefonica Brasil S.A. (NYSE:VIV) by 32.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 111,887 shares of the Wireless communications provider’s stock after selling 53,300 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Telefonica Brasil were worth $1,780,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Rhumbline Advisers raised its position in shares of Telefonica Brasil by 337.7% in the 1st quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider’s stock worth $37,000 after acquiring an additional 3,266 shares in the last quarter. Arax Advisory Partners boosted its position in shares of Telefonica Brasil by 54.4% during the 4th quarter. Arax Advisory Partners now owns 3,773 shares of the Wireless communications provider’s stock valued at $45,000 after purchasing an additional 1,330 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in Telefonica Brasil during the first quarter worth approximately $52,000. EverSource Wealth Advisors LLC increased its holdings in Telefonica Brasil by 214.0% in the second quarter. EverSource Wealth Advisors LLC now owns 4,766 shares of the Wireless communications provider’s stock worth $54,000 after purchasing an additional 3,248 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Telefonica Brasil in the fourth quarter worth approximately $110,000. Institutional investors own 5.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on VIV shares. Bradesco Corretora cut Telefonica Brasil to a “neutral” rating in a report on Tuesday, April 28th. Scotiabank dropped their target price on shares of Telefonica Brasil from $15.70 to $15.40 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. Wall Street Zen lowered shares of Telefonica Brasil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Zacks Research cut shares of Telefonica Brasil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Finally, The Goldman Sachs Group assumed coverage on shares of Telefonica Brasil in a report on Monday, May 18th. They set a “sell” rating and a $13.90 price objective on the stock. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $14.36.

Telefonica Brasil Stock Performance

VIV opened at $13.95 on Thursday. Telefonica Brasil S.A. has a 1-year low of $10.79 and a 1-year high of $17.25. The company has a market cap of $22.69 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 0.74 and a beta of 0.56. The company’s fifty day moving average price is $13.51 and its two-hundred day moving average price is $14.46. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 0.21.

Telefonica Brasil (NYSE:VIV) last issued 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). The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.98 billion. Telefonica Brasil had a net margin of 10.49% and a return on equity of 9.32%. On average, analysts expect that Telefonica Brasil S.A. will post 0.97 EPS for the current fiscal year.

Telefonica Brasil Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.4562 per share. The ex-dividend date is Friday, May 22nd. Telefonica Brasil’s payout ratio is 36.49%.

About Telefonica Brasil

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.