FDx Advisors Inc. Takes $111,000 Position in Telefônica Brasil S.A. (NYSE:VIV)

Posted by Defense World Staff on Oct 3rd, 2023

FDx Advisors Inc. acquired a new stake in Telefônica Brasil S.A. (NYSE:VIV – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,152 shares of the Wireless communications provider’s stock, valued at approximately $111,000.

A number of other large investors also recently modified their holdings of VIV. Ritholtz Wealth Management lifted its position in Telefônica Brasil by 60.1% during the second quarter. Ritholtz Wealth Management now owns 21,351 shares of the Wireless communications provider’s stock valued at $195,000 after purchasing an additional 8,015 shares during the last quarter. First Trust Direct Indexing L.P. lifted its position in Telefônica Brasil by 68.1% during the second quarter. First Trust Direct Indexing L.P. now owns 56,807 shares of the Wireless communications provider’s stock valued at $519,000 after purchasing an additional 23,008 shares during the last quarter. Pacer Advisors Inc. lifted its position in Telefônica Brasil by 27.5% during the second quarter. Pacer Advisors Inc. now owns 94,254 shares of the Wireless communications provider’s stock valued at $861,000 after purchasing an additional 20,355 shares during the last quarter. 180 Wealth Advisors LLC bought a new stake in Telefônica Brasil during the second quarter valued at approximately $117,000. Finally, Janiczek Wealth Management LLC lifted its position in Telefônica Brasil by 38.6% during the second quarter. Janiczek Wealth Management LLC now owns 50,707 shares of the Wireless communications provider’s stock valued at $463,000 after purchasing an additional 14,123 shares during the last quarter. 5.40% of the stock is currently owned by institutional investors.

Telefônica Brasil Stock Performance

Shares of Telefônica Brasil stock opened at $8.60 on Tuesday. The stock has a market cap of $14.31 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 0.93 and a beta of 0.56. The firm’s 50-day moving average is $8.71 and its 200 day moving average is $8.45. Telefônica Brasil S.A. has a 1 year low of $6.49 and a 1 year high of $9.31. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.87 and a quick ratio of 0.84.

Telefônica Brasil (NYSE:VIV – Get Free Report) last announced its quarterly earnings results on Tuesday, July 25th. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.53 billion. Telefônica Brasil had a net margin of 8.98% and a return on equity of 6.54%. Sell-side analysts anticipate that Telefônica Brasil S.A. will post 0.55 EPS for the current fiscal year.

Telefônica Brasil Cuts Dividend

The business also recently announced a — dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, January 1st were paid a dividend of $0.0273 per share. This represents a yield of 4.9%. The ex-dividend date was Friday, September 1st. Telefônica Brasil’s dividend payout ratio is currently 47.17%.

Analyst Ratings Changes

VIV has been the subject of several research analyst reports. Citigroup upgraded shares of Telefônica Brasil from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 8th. Jefferies Financial Group assumed coverage on shares of Telefônica Brasil in a report on Tuesday, September 19th. They issued a “hold” rating for the company. The Goldman Sachs Group boosted their price objective on shares of Telefônica Brasil from $10.00 to $11.40 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Itau BBA Securities reaffirmed an “outperform” rating and issued a $11.00 target price on shares of Telefônica Brasil in a research note on Friday. Finally, StockNews.com downgraded shares of Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 18th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $11.13.

Check Out Our Latest Stock Analysis on Telefônica Brasil

About Telefônica Brasil

(Free Report)

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.