Robeco Institutional Asset Management B.V. Has $114.70 Million Stake in Telefônica Brasil S.A. (NYSE:VIV)

Robeco Institutional Asset Management B.V. increased its position in Telefônica Brasil S.A. (NYSE:VIV) by 7.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 15,192,635 shares of the Wireless communications provider’s stock after purchasing an additional 1,053,218 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.92% of Telefônica Brasil worth $114,704,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of Telefônica Brasil by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 393,618 shares of the Wireless communications provider’s stock valued at $3,238,000 after acquiring an additional 5,983 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Telefônica Brasil by 23.8% during the 2nd quarter. Hsbc Holdings PLC now owns 66,466 shares of the Wireless communications provider’s stock valued at $545,000 after acquiring an additional 12,798 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Telefônica Brasil by 12.9% during the 2nd quarter. Sei Investments Co. now owns 710,107 shares of the Wireless communications provider’s stock valued at $5,830,000 after acquiring an additional 81,229 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Telefônica Brasil by 9.8% during the 2nd quarter. Bank of Montreal Can now owns 45,587 shares of the Wireless communications provider’s stock valued at $380,000 after acquiring an additional 4,078 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in shares of Telefônica Brasil during the 2nd quarter valued at $165,000. Institutional investors and hedge funds own 5.16% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on VIV shares. Barclays upped their price objective on shares of Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a report on Monday, November 25th. The Goldman Sachs Group decreased their price objective on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating for the company in a report on Thursday, December 19th. StockNews.com upgraded shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 9th. Finally, New Street Research cut shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Telefônica Brasil has a consensus rating of “Moderate Buy” and an average price target of $10.47.

Telefônica Brasil Stock Down 1.2 %

Telefônica Brasil stock opened at $8.75 on Wednesday. The firm has a market cap of $14.45 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 0.79 and a beta of 0.78. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.91. Telefônica Brasil S.A. has a fifty-two week low of $7.47 and a fifty-two week high of $11.43. The firm has a fifty day moving average price of $8.17 and a two-hundred day moving average price of $8.95.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings data on Tuesday, November 5th. The Wireless communications provider reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. During the same quarter in the prior year, the business earned $0.18 earnings per share. As a group, analysts forecast that Telefônica Brasil S.A. will post 0.6 earnings per share for the current year.

Telefônica Brasil Company 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.