Prudential PLC Has $13.13 Million Stock Holdings in 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 reduced its holdings in Grupo Televisa S.A. (NYSE:TV - Free Report) by 5.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,500,638 shares of the company's stock after selling 409,929 shares during the period. Prudential PLC owned approximately 1.35% of Grupo Televisa worth $13,126,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC increased its position in shares of Grupo Televisa by 72.7% during the first quarter. Signaturefd LLC now owns 16,085 shares of the company's stock valued at $28,000 after purchasing an additional 6,770 shares during the period. R Squared Ltd grew its position in Grupo Televisa by 405.9% in the first quarter. R Squared Ltd now owns 21,400 shares of the company's stock valued at $37,000 after acquiring an additional 17,170 shares during the period. PEAK6 LLC bought a new stake in Grupo Televisa in the fourth quarter valued at $41,000. Russell Investments Group Ltd. bought a new stake in Grupo Televisa in the fourth quarter valued at $47,000. Finally, Tower Research Capital LLC TRC grew its position in Grupo Televisa by 3,312.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 31,053 shares of the company's stock valued at $52,000 after acquiring an additional 30,143 shares during the period. 55.77% of the stock is owned by institutional investors.

Grupo Televisa Price Performance

Shares of TV stock traded up $0.11 during trading hours on Friday, hitting $2.46. 846,925 shares of the company's stock were exchanged, compared to its average volume of 2,113,891. The stock's 50-day moving average is $2.32 and its 200-day moving average is $2.04. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.35 and a quick ratio of 2.33. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of -3.28, a price-to-earnings-growth ratio of 1.47 and a beta of 1.97. Grupo Televisa S.A. has a 52 week low of $1.55 and a 52 week high of $2.89.

Grupo Televisa (NYSE:TV - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.06. The company had revenue of $787.59 million for 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%. As a group, research analysts forecast that Grupo Televisa S.A. will post -0.07 EPS for the current year.

Grupo Televisa Cuts Dividend

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

Wall Street Analyst Weigh In

TV has been the topic of a number of analyst reports. Wall Street Zen cut Grupo Televisa from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. UBS Group upped their price target on Grupo Televisa from $2.40 to $2.50 and gave the company a "neutral" rating in a research report on Tuesday, July 29th. Benchmark upped their price target on Grupo Televisa from $7.00 to $9.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Finally, The Goldman Sachs Group cut Grupo Televisa from a "buy" rating to a "neutral" rating and set a $2.60 price target on the stock. in a research report on Friday, August 8th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Grupo Televisa presently has a consensus rating of "Hold" and a consensus target price of $4.70.

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.