Wealth Enhancement Advisory Services LLC Buys Shares of 126,745 Grupo Televisa, S.A.B. (NYSE:TV)

Wealth Enhancement Advisory Services LLC bought a new stake in shares of Grupo Televisa, S.A.B. (NYSE:TV) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 126,745 shares of the company’s stock, valued at approximately $213,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TV. PEAK6 LLC bought a new position in shares of Grupo Televisa, S.A.B. during the fourth quarter valued at approximately $41,000. Russell Investments Group Ltd. purchased a new stake in shares of Grupo Televisa, S.A.B. during the fourth quarter valued at approximately $47,000. Tower Research Capital LLC TRC grew its holdings in shares of Grupo Televisa, S.A.B. by 3,312.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 31,053 shares of the company’s stock valued at $52,000 after buying an additional 30,143 shares during the last quarter. Employees Retirement System of Texas purchased a new stake in shares of Grupo Televisa, S.A.B. during the fourth quarter valued at approximately $84,000. Finally, Northern Trust Corp grew its holdings in shares of Grupo Televisa, S.A.B. by 57.9% during the fourth quarter. Northern Trust Corp now owns 64,512 shares of the company’s stock valued at $108,000 after buying an additional 23,648 shares during the last quarter. Institutional investors own 55.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TV shares. Wall Street Zen cut shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Friday, May 30th. The Goldman Sachs Group increased their price target on shares of Grupo Televisa, S.A.B. from $1.80 to $2.20 and gave the company a “buy” rating in a report on Wednesday, May 21st. UBS Group cut 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 report on Monday. Finally, Benchmark reiterated a “buy” rating and set a $7.00 price target (down previously from $8.00) on shares of Grupo Televisa, S.A.B. in a report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $3.87.

Grupo Televisa, S.A.B. Trading Up 3.0%

Shares of TV stock opened at $2.25 on Tuesday. Grupo Televisa, S.A.B. has a 12-month low of $1.55 and a 12-month high of $2.90. The company has a current ratio of 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03. The firm’s 50 day moving average is $1.92 and its 200 day moving average is $1.88. The stock has a market capitalization of $1.24 billion, a P/E ratio of -3.08 and a beta of 1.91.

Grupo Televisa, S.A.B. (NYSE:TV) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.09. The business had revenue of $763.42 million for the quarter, compared to the consensus estimate 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%. Research analysts expect that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current year.

Grupo Televisa, S.A.B. Cuts Dividend

The business also recently declared an annual dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 30th were issued a $0.0908 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 3.9%. Grupo Televisa, S.A.B.’s dividend payout ratio is currently -10.00%.

Grupo Televisa, S.A.B. Company Profile

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.