Artisan Partners Limited Partnership increased its position in shares of Telefonica Brasil S.A. (NYSE:VIV) by 4.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 74,619,075 shares of the Wireless communications provider’s stock after purchasing an additional 3,236,064 shares during the period. Telefonica Brasil makes up 1.9% of Artisan Partners Limited Partnership’s portfolio, making the stock its 9th largest holding. Artisan Partners Limited Partnership owned about 4.42% of Telefonica Brasil worth $1,006,611,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in VIV. Janney Montgomery Scott LLC boosted its stake in shares of Telefonica Brasil by 13.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 20,728 shares of the Wireless communications provider’s stock worth $308,000 after purchasing an additional 2,514 shares during the period. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Telefonica Brasil during the 1st quarter worth about $297,000. Bank of New York Mellon Corp boosted its stake in shares of Telefonica Brasil by 0.6% during the 1st quarter. Bank of New York Mellon Corp now owns 220,472 shares of the Wireless communications provider’s stock worth $3,273,000 after purchasing an additional 1,212 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Telefonica Brasil by 223.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 80,046 shares of the Wireless communications provider’s stock worth $1,189,000 after purchasing an additional 55,288 shares during the period. Finally, Comerica Bank boosted its stake in shares of Telefonica Brasil by 0.5% during the 1st quarter. Comerica Bank now owns 65,552 shares of the Wireless communications provider’s stock worth $963,000 after purchasing an additional 344 shares during the period. 10.04% of the stock is owned by hedge funds and other institutional investors.
VIV has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Telefonica Brasil from a “hold” rating to a “strong sell” rating in a research note on Monday, August 14th. Royal Bank Of Canada set a $15.00 price target on shares of Telefonica Brasil and gave the stock a “hold” rating in a research note on Friday, July 28th. BidaskClub cut shares of Telefonica Brasil from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $15.00 price target on shares of Telefonica Brasil in a research note on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $15.33.
Telefonica Brasil S.A. (NYSE:VIV) traded up 1.35% during trading on Friday, hitting $16.53. 1,224,228 shares of the company were exchanged. Telefonica Brasil S.A. has a 12 month low of $11.95 and a 12 month high of $16.55. The company has a market capitalization of $27.91 billion, a price-to-earnings ratio of 21.92 and a beta of 1.35. The stock’s 50-day moving average is $15.42 and its 200-day moving average is $14.67.
Telefonica Brasil (NYSE:VIV) last released its quarterly earnings data on Wednesday, July 26th. The Wireless communications provider reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.06). Telefonica Brasil had a return on equity of 5.91% and a net margin of 9.41%. The firm had revenue of $3.33 billion for the quarter. Equities research analysts anticipate that Telefonica Brasil S.A. will post $0.90 earnings per share for the current year.
About Telefonica Brasil
Telefonica Brasil SA is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services.
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