Robeco Institutional Asset Manage recently announced the acquisition of new stake in Telefonica Brasil S.A. (NYSE:VIV). The institutional investor has increased its shareholding in the Communication Services company by 2.68% to 8.18 million shares with purchase of 0.21 million shares. This fresh investment now brings its stake to 0.49% valued currently at $66.8 million. In addition, Marshall Wace LLP raised its holdings by 5.14 million to 5.67 million shares. And Aperio Group LLC has lifted its position by 54.34% or 0.97 million shares – to 2.74 million shares.
With over 1.36 million Telefonica Brasil S.A. (VIV) shares trading Monday and a closing price of $8.31 on the day, the dollar volume was approximately $11.33 million. The shares have shown a positive half year performance of 17.86% and its price on 05/22/23 gained nearly 0.24%. Currently, there are 1.66B common shares owned by the public and among those 426.41M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 14 analysts who have offered their price forecasts for VIV have a consensus price objective of $9.60. The analysts have set the share’s price value over the next 12 months at a high of $11.10 and a low of $7.92. The average price target is 15.2% above its recent price level and a downside to the estimated low will see the stock lose -4.92% over that period. But an upside of 25.14% will see the stock hit the forecast high price target while median target price for the stock is $9.64.
The top 3 mutual fund holders in Telefonica Brasil S.A. are St. James’s Place Unit Trust – Gl, St. James’s Place Unit Trust – Gl, and Robeco Capital Gr. Fds. – QI Emer. St. James’s Place Unit Trust – Gl owns 4.36 million shares of the company’s stock, all valued at over $35.66 million. The company sold -1.9 million shares recently to bring their total holdings to about 0.26% of the shares outstanding. St. James’s Place Unit Trust – Gl sold -0.79 million shares to see its total holdings shrink to 4.13 million shares valued at over $33.75 million and representing 0.25% of the shares outstanding. Robeco Capital Gr. Fds. – QI Emer bought 96446.0 shares to bring its total holdings to over 3.93 million shares at a value of $32.08 million. Robeco Capital Gr. Fds. – QI Emer now owns shares totaling to 0.24% of the shares outstanding.
Shares of Telefonica Brasil S.A. (NYSE: VIV) opened at $8.40, up $0.11 from a prior closing price of $8.29. However, the script later moved the day high at 8.43, up 0.24%. The company’s stock has a 5-day price change of -2.24% and 8.29% over the past three months. VIV shares are trading 18.36% year to date (YTD), with the 12-month market performance down to -16.29% lower. It has a 12-month low price of $6.45 and touched a high of $10.72 over the same period. VIV has an average intraday trading volume of 1.73 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.16%, 5.38%, and 8.30% respectively.
Institutional ownership of Telefonica Brasil S.A. (NYSE: VIV) shares accounts for 7.40% of the company’s 1.66B shares outstanding. Mutual fund holders own 2.02%, while other institutional holders and individual stakeholders account for 4.28% and — respectively.
It has a market capitalization of $13.96B and a beta (3y monthly) value of 0.51. The stock’s trailing 12-month PE ratio is 16.52, while the earnings-per-share (ttm) stands at $0.50. The company has a PEG of 0.76 and a Quick Ratio of 0.80 with the debt-to-equity ratio at 0.28. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.85% over the week and 1.92% over the month.
Analysts forecast that Telefonica Brasil S.A. (VIV) will achieve an EPS of $0.09 for the current quarter, $0.1 for the next quarter and $0.75 for 2024. The lowest estimate earnings-per-share for the quarter is $0.09 while analysts give the company a high EPS estimate of $0.09. Comparatively, EPS for the current quarter was $0.09 a year ago. Earnings per share for the fiscal year are expected to decrease by -34.20%, and 38.90% over the next financial year. EPS should grow at an annualized rate of 21.60% over the next five years, compared to -2.20% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 14 brokerage firm advisors rate Telefonica Brasil S.A. (VIV) as a “Moderate Buy” at a consensus score of 2.40. Specifically, 8 Wall Street analysts polled rate the stock as a buy, while 5 of the 14 advise that investors “hold,” and 1 rated it as a “Sell.”
