Signaturefd LLC Has $158,000 Stock Holdings in Telefônica Brasil S.A. (NYSE:VIV)

Signaturefd LLC cut its holdings in shares of Telefônica Brasil S.A. (NYSE:VIV) by 13.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,907 shares of the Wireless communications provider’s stock after selling 3,271 shares during the period. Signaturefd LLC’s holdings in Telefônica Brasil were worth $158,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. lifted its position in shares of Telefônica Brasil by 7.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 15,192,635 shares of the Wireless communications provider’s stock worth $114,704,000 after purchasing an additional 1,053,218 shares during the period. Itau Unibanco Holding S.A. acquired a new position in shares of Telefônica Brasil in the 3rd quarter worth approximately $5,967,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Telefônica Brasil in the 3rd quarter worth approximately $5,135,000. Public Employees Retirement System of Ohio acquired a new position in shares of Telefônica Brasil in the 3rd quarter worth approximately $1,619,000. Finally, Stifel Financial Corp lifted its position in shares of Telefônica Brasil by 41.1% in the 3rd quarter. Stifel Financial Corp now owns 264,413 shares of the Wireless communications provider’s stock worth $2,716,000 after purchasing an additional 77,005 shares during the period. 5.16% of the stock is currently owned by institutional investors and hedge funds.

Telefônica Brasil Stock Performance

Shares of VIV stock opened at $8.72 on Friday. The firm has a market capitalization of $14.40 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 0.84 and a beta of 0.76. The firm has a fifty day simple moving average of $8.67 and a two-hundred day simple moving average of $8.88. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. Telefônica Brasil S.A. has a 12 month low of $7.47 and a 12 month high of $10.41.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings results on Tuesday, February 25th. The Wireless communications provider reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.39 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. Analysts forecast that Telefônica Brasil S.A. will post 0.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on VIV shares. The Goldman Sachs Group dropped their target price on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Scotiabank dropped their target price on shares of Telefônica Brasil from $10.40 to $9.20 and set a “sector perform” rating on the stock in a research report on Thursday, February 27th. New Street Research downgraded shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. StockNews.com upgraded shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 7th. Finally, Barclays upgraded shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $11.80 to $11.50 in a research report on Monday, March 3rd. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $9.97.

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.