Wealth Enhancement Advisory Services LLC Invests $213,000 in Grupo Televisa, S.A.B. (NYSE:TV)

Wealth Enhancement Advisory Services LLC bought a new position in Grupo Televisa, S.A.B. (NYSE:TV - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 126,745 shares of the company's stock, valued at approximately $213,000.

Other hedge funds also recently bought and sold shares of the company. PEAK6 LLC bought a new stake in Grupo Televisa, S.A.B. in the 4th quarter valued at $41,000. Russell Investments Group Ltd. bought a new stake in Grupo Televisa, S.A.B. in the 4th quarter valued at $47,000. Tower Research Capital LLC TRC lifted its position in Grupo Televisa, S.A.B. by 3,312.4% in the 4th 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 in the last quarter. Employees Retirement System of Texas bought a new stake in Grupo Televisa, S.A.B. in the 4th quarter valued at $84,000. Finally, Northern Trust Corp lifted its position in Grupo Televisa, S.A.B. by 57.9% in the 4th quarter. Northern Trust Corp now owns 64,512 shares of the company's stock valued at $108,000 after acquiring an additional 23,648 shares in the last quarter. 55.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on TV. The Goldman Sachs Group boosted their price objective on shares of Grupo Televisa, S.A.B. from $1.80 to $2.20 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Benchmark reaffirmed 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 report on Wednesday, March 5th. Wall Street Zen cut shares of Grupo Televisa, S.A.B. from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, UBS Group lowered their price target on shares of Grupo Televisa, S.A.B. from $2.50 to $2.40 and set a "neutral" rating on the stock in a research note on Monday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $3.87.

Grupo Televisa, S.A.B. Stock Up 0.7%

TV stock traded up $0.02 during midday trading on Tuesday, hitting $2.27. The company's stock had a trading volume of 870,089 shares, compared to its average volume of 1,965,753. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41. Grupo Televisa, S.A.B. has a twelve month low of $1.55 and a twelve month high of $2.90. The company's fifty day moving average price is $1.92 and its 200 day moving average price is $1.88. The stock has a market capitalization of $1.25 billion, a P/E ratio of -3.10 and a beta of 1.91.

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

Grupo Televisa, S.A.B. Cuts Dividend

The company also recently disclosed an annual dividend, which was paid on Thursday, June 12th. Stockholders 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 dividend yield of 3.9%. Grupo Televisa, S.A.B.'s dividend payout ratio is presently -10.00%.

About Grupo Televisa, S.A.B.

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.