Grupo Televisa, S.A.B. (NYSE:TV) Shares Purchased by Millennium Management LLC

Millennium Management LLC raised its holdings in Grupo Televisa, S.A.B. (NYSE:TV - Free Report) by 109.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 356,624 shares of the company's stock after buying an additional 186,165 shares during the quarter. Millennium Management LLC owned about 0.06% of Grupo Televisa, S.A.B. worth $599,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Banco Santander S.A. raised its stake in shares of Grupo Televisa, S.A.B. by 73.6% in the fourth quarter. Banco Santander S.A. now owns 317,620 shares of the company's stock worth $534,000 after purchasing an additional 134,621 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Grupo Televisa, S.A.B. in the fourth quarter worth about $394,000. Northern Trust Corp raised its stake in shares of Grupo Televisa, S.A.B. by 57.9% in the fourth quarter. Northern Trust Corp now owns 64,512 shares of the company's stock worth $108,000 after purchasing an additional 23,648 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Grupo Televisa, S.A.B. by 3,312.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 31,053 shares of the company's stock worth $52,000 after purchasing an additional 30,143 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in shares of Grupo Televisa, S.A.B. by 227.1% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 385,075 shares of the company's stock worth $647,000 after purchasing an additional 267,350 shares during the last quarter. 55.77% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Televisa, S.A.B. Stock Performance

TV stock traded up $0.17 during trading on Wednesday, hitting $2.16. 4,519,939 shares of the company traded hands, compared to its average volume of 1,971,997. The stock's 50-day simple moving average is $1.88 and its 200 day simple moving average is $1.88. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41. The company has a market cap of $1.19 billion, a PE ratio of -2.95 and a beta of 1.91. Grupo Televisa, S.A.B. has a 1 year low of $1.55 and a 1 year high of $2.90.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.09. The company had revenue of $763.42 million during the quarter, compared to analysts' expectations of $15.33 billion. Grupo Televisa, S.A.B. had a negative return on equity of 5.73% and a negative net margin of 11.69%. On average, equities analysts expect that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current fiscal year.

Grupo Televisa, S.A.B. Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 30th will be given a dividend of $0.0908 per share. This represents a yield of 3.9%. The ex-dividend date is Friday, May 30th. Grupo Televisa, S.A.B.'s dividend payout ratio is currently -10.00%.

Analysts Set New Price Targets

TV has been the subject of several research analyst reports. Benchmark restated a "buy" rating and issued a $7.00 price objective (down from $8.00) on shares of Grupo Televisa, S.A.B. in a research note on Wednesday, March 5th. The Goldman Sachs Group raised their price objective on Grupo Televisa, S.A.B. from $1.80 to $2.20 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Finally, Wall Street Zen cut Grupo Televisa, S.A.B. from a "buy" rating to a "hold" rating in a research note on Friday, May 30th.

Grupo Televisa, S.A.B. Company Profile

Grupo Televisa, SAB., together with its subsidiaries, owns and operates cable companies and provides direct-to-home satellite pay television system in Mexico and the United States. It operates through three segments: Cable, Sky, and Other Businesses. The Cable segment operates cable multiple system that provides basic and premium television subscription, pay-per-view, installation, Internet subscription, and telephone and mobile services subscription, as well as local and national advertising services; and telecommunication facilities, which offers data and long-distance services solutions to carriers and other telecommunications service providers through its fiber-optic network.