Prudential PLC Sells 409,929 Shares of Grupo Televisa S.A. (NYSE:TV)

Key Points

• Prudential PLC has reduced its ownership in Grupo Televisa by 5.2%, selling 409,929 shares to hold approximately 7.5 million shares valued at $13.1 million.
• Grupo Televisa's stock ratings have been mixed, with analysts lowering ratings to "hold" while some set target prices between $2.50 and $9.00, reflecting cautious sentiment regarding the company's performance.
• The company has recently experienced challenges, including a negative return on equity of 6.95% and a dividend payout ratio of -10.67%, indicating potential financial strain.

Prudential PLC cut its position in shares of Grupo Televisa S.A. (NYSE:TV - Free Report) by 5.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,500,638 shares of the company's stock after selling 409,929 shares during the quarter. Prudential PLC owned approximately 1.35% of Grupo Televisa worth $13,126,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Millennium Management LLC grew its position in Grupo Televisa by 109.2% during the 4th quarter. Millennium Management LLC now owns 356,624 shares of the company's stock worth $599,000 after acquiring an additional 186,165 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Grupo Televisa in the 4th quarter worth approximately $213,000. Marshall Wace LLP purchased a new stake in Grupo Televisa in the 4th quarter worth approximately $394,000. Northern Trust Corp lifted its holdings in Grupo Televisa by 57.9% in the 4th quarter. Northern Trust Corp now owns 64,512 shares of the company's stock worth $108,000 after buying an additional 23,648 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in Grupo Televisa by 3,312.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 31,053 shares of the company's stock worth $52,000 after buying an additional 30,143 shares during the period. 55.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. The Goldman Sachs Group cut Grupo Televisa from a "buy" rating to a "neutral" rating and set a $2.60 price objective for the company. in a report on Friday, August 8th. UBS Group increased their price objective on Grupo Televisa from $2.40 to $2.50 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. Wall Street Zen cut Grupo Televisa from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, Benchmark raised their target price on Grupo Televisa from $7.00 to $9.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $4.70.

Grupo Televisa Stock Up 4.7%

Shares of TV traded up $0.11 on Friday, reaching $2.46. The stock had a trading volume of 846,925 shares, compared to its average volume of 2,113,891. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of -3.28, a price-to-earnings-growth ratio of 1.55 and a beta of 1.97. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.33 and a current ratio of 2.35. The company has a 50-day simple moving average of $2.32 and a 200-day simple moving average of $2.04. Grupo Televisa S.A. has a 12-month low of $1.55 and a 12-month high of $2.89.

Grupo Televisa (NYSE:TV - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.06. The company had revenue of $787.59 million during the quarter, compared to analysts' expectations of $14.96 billion. Grupo Televisa had a negative return on equity of 6.95% and a negative net margin of 13.56%. Sell-side analysts predict that Grupo Televisa S.A. will post -0.07 EPS for the current year.

Grupo Televisa Cuts Dividend

The business also recently disclosed an annual dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 30th were paid a dividend of $0.0908 per share. The ex-dividend date was Friday, May 30th. This represents a yield of 390.0%. Grupo Televisa's payout ratio is presently -10.67%.

About Grupo Televisa

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.