Grupo Televisa, S.A.B. (NYSE:TV) Declares $0.09 Annual Dividend

Grupo Televisa, S.A.B. (NYSE:TV – Get Rating) declared an annual dividend on Wednesday, May 18th, Wall Street Journal reports. Stockholders of record on Friday, May 27th will be paid a dividend of 0.0876 per share on Friday, June 10th. This represents a dividend yield of 0.9%. The ex-dividend date is Thursday, May 26th.

Grupo Televisa, S.A.B. has a dividend payout ratio of 16.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Grupo Televisa, S.A.B. to earn $0.37 per share next year, which means the company should continue to be able to cover its $0.09 annual dividend with an expected future payout ratio of 24.3%.

Shares of Grupo Televisa, S.A.B. stock traded down $0.33 on Wednesday, reaching $8.57. 1,603,381 shares of the stock were exchanged, compared to its average volume of 1,346,085. Grupo Televisa, S.A.B. has a 1-year low of $7.85 and a 1-year high of $15.06. The company has a current ratio of 2.63, a quick ratio of 2.58 and a debt-to-equity ratio of 0.05. The business has a fifty day moving average price of $10.22 and a two-hundred day moving average price of $10.06. The firm has a market capitalization of $4.79 billion, a PE ratio of 1.76 and a beta of 1.33.

Grupo Televisa, S.A.B. (NYSE:TV – Get Rating) last issued its quarterly earnings results on Friday, February 25th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.14. Grupo Televisa, S.A.B. had a net margin of 59.31% and a return on equity of 3.54%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.44 billion. Research analysts expect that Grupo Televisa, S.A.B. will post 0.19 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in TV. Millennium Management LLC acquired a new stake in shares of Grupo Televisa, S.A.B. in the fourth quarter valued at approximately $5,429,000. Gamco Investors INC. ET AL lifted its stake in shares of Grupo Televisa, S.A.B. by 4.9% during the first quarter. Gamco Investors INC. ET AL now owns 7,438,203 shares of the company’s stock valued at $87,027,000 after buying an additional 344,658 shares during the period. State Street Corp lifted its stake in shares of Grupo Televisa, S.A.B. by 2,845.3% during the fourth quarter. State Street Corp now owns 320,122 shares of the company’s stock valued at $3,000,000 after buying an additional 309,253 shares during the period. Virtu Financial LLC purchased a new position in shares of Grupo Televisa, S.A.B. during the first quarter valued at approximately $2,710,000. Finally, Royal Bank of Canada lifted its stake in shares of Grupo Televisa, S.A.B. by 7.2% during the first quarter. Royal Bank of Canada now owns 2,712,695 shares of the company’s stock valued at $31,738,000 after buying an additional 182,942 shares during the period. Institutional investors and hedge funds own 78.98% of the company’s stock.

TV has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Zacks Investment Research lowered shares of Grupo Televisa, S.A.B. from a “hold” rating to a “sell” rating in a research report on Saturday, April 30th. Itau BBA Securities upgraded shares of Grupo Televisa, S.A.B. from a “market perform” rating to an “outperform” rating in a research report on Friday, February 4th. JPMorgan Chase & Co. initiated coverage on shares of Grupo Televisa, S.A.B. in a research report on Friday, March 18th. They set an “overweight” rating and a $15.50 target price on the stock. Finally, Raymond James upped their target price on shares of Grupo Televisa, S.A.B. from $2.50 to $30.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Grupo Televisa, S.A.B. presently has an average rating of “Hold” and an average price target of $18.50.

Grupo Televisa, S.A.B. Company Profile (Get Rating)

Grupo Televisa, SAB. operates as a media company in the Spanish-speaking world. The company operates in four segments: Cable, Sky, Content, and Other Businesses. The Cable segment operates cable multiple system and telecommunication facilities. It 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 sales; and data and long-distance services solutions to carriers and other telecommunications service providers through its fiber-optic network.

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