Hsbc Holdings PLC Sells 29,332 Shares of Telefônica Brasil S.A. (NYSE:VIV)

Hsbc Holdings PLC lessened its holdings in Telefônica Brasil S.A. (NYSE:VIV) by 34.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 55,597 shares of the Wireless communications provider’s stock after selling 29,332 shares during the quarter. Hsbc Holdings PLC’s holdings in Telefônica Brasil were worth $608,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of VIV. Campbell & CO Investment Adviser LLC bought a new stake in shares of Telefônica Brasil in the 3rd quarter valued at about $96,000. Euro Pacific Asset Management LLC lifted its holdings in shares of Telefônica Brasil by 10.0% during the 3rd quarter. Euro Pacific Asset Management LLC now owns 12,257 shares of the Wireless communications provider’s stock valued at $108,000 after purchasing an additional 1,113 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Telefônica Brasil in the 3rd quarter valued at approximately $115,000. Aprio Wealth Management LLC bought a new stake in Telefônica Brasil during the 4th quarter worth approximately $143,000. Finally, Ballentine Partners LLC acquired a new stake in Telefônica Brasil during the 4th quarter worth approximately $147,000. Institutional investors and hedge funds own 5.16% of the company’s stock.

Telefônica Brasil Stock Up 3.2 %

Shares of Telefônica Brasil stock traded up $0.31 during trading hours on Friday, reaching $9.95. 1,045,264 shares of the company’s stock were exchanged, compared to its average volume of 807,211. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $10.06 and a two-hundred day moving average of $10.25. The stock has a market cap of $16.55 billion, a P/E ratio of 16.05, a P/E/G ratio of 0.75 and a beta of 0.77. Telefônica Brasil S.A. has a fifty-two week low of $7.87 and a fifty-two week high of $11.43.

Telefônica Brasil (NYSE:VIV) last posted its quarterly earnings results on Tuesday, February 20th. The Wireless communications provider reported $0.20 earnings per share for the quarter. The firm had revenue of $2.73 billion for the quarter. Telefônica Brasil had a return on equity of 7.33% and a net margin of 9.70%. On average, sell-side analysts forecast that Telefônica Brasil S.A. will post 0.7 EPS for the current fiscal year.

Telefônica Brasil Cuts Dividend

The company also recently disclosed a — dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, January 1st were given a $0.0373 dividend. This represents a dividend yield of 4.7%. The ex-dividend date was Tuesday, April 30th. Telefônica Brasil’s dividend payout ratio (DPR) is presently 48.39%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on VIV shares. Morgan Stanley restated an “equal weight” rating and set a $11.00 price objective on shares of Telefônica Brasil in a report on Friday, January 5th. StockNews.com raised Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 20th. Finally, Barclays decreased their price objective on Telefônica Brasil from $13.50 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, April 23rd. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Telefônica Brasil presently has an average rating of “Moderate Buy” and an average price target of $11.60.

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.