Millennium Management LLC Buys 186,165 Shares of Grupo Televisa, S.A.B. (NYSE:TV)

Millennium Management LLC boosted its stake in Grupo Televisa, S.A.B. (NYSE:TV - Free Report) by 109.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 356,624 shares of the company's stock after purchasing an additional 186,165 shares during the quarter. Millennium Management LLC owned about 0.06% of Grupo Televisa, S.A.B. worth $599,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TV. PEAK6 LLC acquired a new position in Grupo Televisa, S.A.B. during the fourth quarter valued at approximately $41,000. Russell Investments Group Ltd. acquired a new position in Grupo Televisa, S.A.B. during the fourth quarter valued at approximately $47,000. Tower Research Capital LLC TRC boosted its position in Grupo Televisa, S.A.B. by 3,312.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 31,053 shares of the company's stock valued at $52,000 after purchasing an additional 30,143 shares during the last quarter. Employees Retirement System of Texas acquired a new position in Grupo Televisa, S.A.B. during the fourth quarter valued at approximately $84,000. Finally, Northern Trust Corp boosted its position in Grupo Televisa, S.A.B. by 57.9% during the fourth quarter. Northern Trust Corp now owns 64,512 shares of the company's stock valued at $108,000 after purchasing an additional 23,648 shares during the last quarter. 55.77% of the stock is currently owned by institutional investors.

Grupo Televisa, S.A.B. Trading Up 0.5%

Shares of TV stock opened at $2.00 on Friday. The stock's fifty day moving average price is $1.86 and its two-hundred day moving average price is $1.88. The company has a market cap of $1.11 billion, a PE ratio of -2.74 and a beta of 1.91. Grupo Televisa, S.A.B. has a fifty-two week low of $1.55 and a fifty-two week high of $2.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.41 and a current ratio of 2.43.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate 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%. Equities analysts predict that Grupo Televisa, S.A.B. will post -0.07 EPS for the current fiscal year.

Grupo Televisa, S.A.B. Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be issued 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 payout ratio is presently -10.00%.

Analysts Set New Price Targets

Several research firms have issued reports on TV. The Goldman Sachs Group upped their price objective on Grupo Televisa, S.A.B. from $1.80 to $2.20 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Benchmark restated a "buy" rating and issued a $7.00 price objective (down previously from $8.00) on shares of Grupo Televisa, S.A.B. in a research note on Wednesday, March 5th. Finally, Wall Street Zen lowered 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. 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.

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