Wealth Enhancement Advisory Services LLC purchased a new stake in Grupo Televisa S.A. (NYSE:TV - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 126,745 shares of the company's stock, valued at approximately $213,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Northern Trust Corp raised its holdings in Grupo Televisa by 57.9% in the fourth 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. PEAK6 LLC acquired a new stake in shares of Grupo Televisa in the 4th quarter valued at $41,000. Russell Investments Group Ltd. purchased a new stake in shares of Grupo Televisa during the 4th quarter worth $47,000. Tower Research Capital LLC TRC grew its stake in shares of Grupo Televisa by 3,312.4% during 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 in the last quarter. Finally, Coastal Bridge Advisors LLC increased its holdings in Grupo Televisa by 79.9% in the fourth quarter. Coastal Bridge Advisors LLC now owns 103,224 shares of the company's stock valued at $173,000 after buying an additional 45,852 shares during the last quarter. Hedge funds and other institutional investors own 55.77% of the company's stock.
Grupo Televisa Stock Performance
Shares of TV stock traded up $0.07 during mid-day trading on Friday, hitting $2.31. 1,481,061 shares of the stock were exchanged, compared to its average volume of 1,965,919. The stock's fifty day simple moving average is $1.95 and its two-hundred day simple moving average is $1.89. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -2.93, a P/E/G ratio of 1.44 and a beta of 1.91. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.31 and a current ratio of 2.32. Grupo Televisa S.A. has a 12-month low of $1.55 and a 12-month high of $2.90.
Grupo Televisa (NYSE:TV - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of ($0.06) by $0.09. The business had revenue of $763.42 million for the quarter, compared to analysts' expectations of $15.33 billion. Grupo Televisa had a negative net margin of 13.70% and a negative return on equity of 6.99%. On average, analysts forecast that Grupo Televisa S.A. will post -0.07 EPS for the current year.
Grupo Televisa Cuts Dividend
The business also recently announced an annual dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 30th were issued a $0.0908 dividend. This represents a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, May 30th. Grupo Televisa's payout ratio is currently -10.00%.
Analyst Ratings Changes
A number of brokerages have issued reports on TV. Wall Street Zen downgraded Grupo Televisa from a "buy" rating to a "hold" rating in a report on Friday, May 30th. UBS Group decreased their target price on Grupo Televisa from $2.50 to $2.40 and set a "neutral" rating for the company in a research note on Monday. The Goldman Sachs Group increased their price target on shares of Grupo Televisa from $1.80 to $2.20 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Finally, Benchmark reissued a "buy" rating and set a $7.00 price objective (down previously from $8.00) on shares of Grupo Televisa in a report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Grupo Televisa presently has a consensus rating of "Hold" and a consensus target price of $3.87.
Check Out Our Latest Stock Analysis on TV
Grupo Televisa Profile
(
Free Report)
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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