Asset Management One Co. Ltd. Sells 7,274 Shares of Grupo Televisa S.A. (NYSE:TV)

Asset Management One Co. Ltd. decreased its position in Grupo Televisa S.A. (NYSE:TV) by 7.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,260 shares of the company’s stock after selling 7,274 shares during the period. Asset Management One Co. Ltd.’s holdings in Grupo Televisa were worth $168,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. PEAK6 LLC bought a new position in Grupo Televisa in the 4th quarter worth about $41,000. Russell Investments Group Ltd. bought a new position in Grupo Televisa during the 4th quarter valued at about $47,000. Tower Research Capital LLC TRC lifted its stake in Grupo Televisa by 3,312.4% during 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 during the period. Employees Retirement System of Texas bought a new position in Grupo Televisa during the 4th quarter valued at about $84,000. Finally, Northern Trust Corp lifted its stake in Grupo Televisa by 57.9% during 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 during the period. Institutional investors own 55.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Benchmark restated a “buy” rating and set a $7.00 target price (down previously from $8.00) on shares of Grupo Televisa in a research note on Wednesday, March 5th. UBS Group lowered their target price on shares of Grupo Televisa from $2.50 to $2.40 and set a “neutral” rating on the stock in a research note on Monday, June 16th. Wall Street Zen cut shares of Grupo Televisa from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Finally, The Goldman Sachs Group increased their price objective on shares of Grupo Televisa from $1.80 to $2.20 and gave the stock a “buy” rating in a research note on Wednesday, May 21st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $3.87.

Grupo Televisa Price Performance

Shares of NYSE:TV opened at $2.19 on Tuesday. The firm’s 50 day moving average price is $2.03 and its 200-day moving average price is $1.91. Grupo Televisa S.A. has a twelve month low of $1.55 and a twelve month high of $2.78. The company has a quick ratio of 2.31, a current ratio of 2.32 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $1.21 billion, a PE ratio of -2.74, a price-to-earnings-growth ratio of 1.46 and a beta of 1.92.

Grupo Televisa (NYSE:TV) last released its earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.09. The company had revenue of $763.42 million during the quarter, compared to analyst estimates of $15.33 billion. Grupo Televisa had a negative net margin of 13.70% and a negative return on equity of 6.99%. Equities research analysts expect that Grupo Televisa S.A. will post -0.07 EPS for the current year.

Grupo Televisa Cuts Dividend

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

Grupo Televisa 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.