BNP Paribas Financial Markets Acquires 119,787 Shares of Grupo Televisa, S.A.B. (NYSE:TV)

BNP Paribas Financial Markets grew its holdings in Grupo Televisa, S.A.B. (NYSE:TVFree Report) by 443,655.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 119,814 shares of the company’s stock after purchasing an additional 119,787 shares during the period. BNP Paribas Financial Markets’ holdings in Grupo Televisa, S.A.B. were worth $400,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Levin Capital Strategies L.P. boosted its holdings in shares of Grupo Televisa, S.A.B. by 61.2% during the 4th quarter. Levin Capital Strategies L.P. now owns 8,216,992 shares of the company’s stock valued at $27,445,000 after acquiring an additional 3,119,098 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Grupo Televisa, S.A.B. during the 3rd quarter valued at $3,596,000. Gamco Investors INC. ET AL boosted its holdings in shares of Grupo Televisa, S.A.B. by 11.1% during the 3rd quarter. Gamco Investors INC. ET AL now owns 9,795,478 shares of the company’s stock valued at $29,876,000 after acquiring an additional 979,481 shares in the last quarter. GFS Advisors LLC acquired a new position in Grupo Televisa, S.A.B. during the 4th quarter worth about $1,904,000. Finally, AQR Capital Management LLC lifted its holdings in Grupo Televisa, S.A.B. by 8.6% during the 3rd quarter. AQR Capital Management LLC now owns 6,716,568 shares of the company’s stock worth $20,486,000 after buying an additional 533,822 shares during the period. Institutional investors own 55.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Benchmark reaffirmed a “buy” rating and set a $12.00 target price on shares of Grupo Televisa, S.A.B. in a report on Thursday, May 16th. Bank of America downgraded Grupo Televisa, S.A.B. from a “buy” rating to a “neutral” rating and set a $3.50 target price on the stock. in a report on Monday, April 15th. Finally, StockNews.com raised Grupo Televisa, S.A.B. from a “sell” rating to a “hold” rating in a report on Monday, February 26th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.28.

Get Our Latest Research Report on TV

Grupo Televisa, S.A.B. Stock Down 9.0 %

Shares of NYSE:TV opened at $3.03 on Tuesday. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of -3.48, a P/E/G ratio of 10.45 and a beta of 1.84. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.59 and a quick ratio of 1.57. The business’s 50-day moving average is $3.17 and its 200-day moving average is $3.09. Grupo Televisa, S.A.B. has a 1 year low of $2.10 and a 1 year high of $5.41.

Grupo Televisa, S.A.B. (NYSE:TVGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.14. The company had revenue of $939.92 million for the quarter, compared to the consensus estimate of $1.02 billion. Grupo Televisa, S.A.B. had a negative return on equity of 6.18% and a negative net margin of 11.78%. Equities research analysts predict that Grupo Televisa, S.A.B. will post 0.01 earnings per share for the current year.

Grupo Televisa, S.A.B. Increases Dividend

The company also recently announced an annual dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 30th will be given a $0.1056 dividend. This represents a yield of 2.4%. This is a positive change from Grupo Televisa, S.A.B.’s previous annual dividend of $0.10. The ex-dividend date of this dividend is Thursday, May 30th. Grupo Televisa, S.A.B.’s payout ratio is presently -11.49%.

About Grupo Televisa, S.A.B.

(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.

See Also

Institutional Ownership by Quarter for Grupo Televisa, S.A.B. (NYSE:TV)

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