Morningstar Investment Services LLC Makes New Investment in Grupo Televisa SAB (NYSE:TV)

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Morningstar Investment Services LLC acquired a new position in shares of Grupo Televisa SAB (NYSE:TV) in the 2nd quarter, HoldingsChannel reports. The firm acquired 717,171 shares of the company’s stock, valued at approximately $6,053,000.

Several other large investors have also recently bought and sold shares of TV. Northern Trust Corp grew its holdings in Grupo Televisa SAB by 53.0% during the 2nd quarter. Northern Trust Corp now owns 970,230 shares of the company’s stock worth $8,189,000 after acquiring an additional 335,977 shares during the last quarter. Renaissance Technologies LLC raised its position in Grupo Televisa SAB by 24.3% in the 2nd quarter. Renaissance Technologies LLC now owns 10,230,986 shares of the company’s stock worth $86,350,000 after purchasing an additional 1,998,461 shares during the last quarter. Quantamental Technologies LLC raised its position in Grupo Televisa SAB by 48.9% in the 2nd quarter. Quantamental Technologies LLC now owns 29,052 shares of the company’s stock worth $245,000 after purchasing an additional 9,546 shares during the last quarter. LPL Financial LLC acquired a new position in Grupo Televisa SAB during the 2nd quarter worth $183,000. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in Grupo Televisa SAB during the 2nd quarter worth $6,042,000. Institutional investors own 48.48% of the company’s stock.

NYSE TV traded up $0.07 during trading hours on Wednesday, hitting $9.42. The company’s stock had a trading volume of 104,318 shares, compared to its average volume of 1,538,841. The stock has a fifty day moving average of $8.68 and a 200 day moving average of $9.63. Grupo Televisa SAB has a twelve month low of $7.42 and a twelve month high of $19.07. The firm has a market capitalization of $5.36 billion, a P/E ratio of 17.43, a PEG ratio of 1.49 and a beta of 0.94. The company has a quick ratio of 1.57, a current ratio of 1.59 and a debt-to-equity ratio of 1.38.

Grupo Televisa SAB (NYSE:TV) last released its earnings results on Monday, July 8th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.28 billion. Grupo Televisa SAB had a return on equity of 2.40% and a net margin of 2.54%. On average, analysts predict that Grupo Televisa SAB will post 0.36 earnings per share for the current year.

Several equities research analysts have recently commented on the company. Raymond James reissued an “average” rating on shares of Grupo Televisa SAB in a research note on Friday, August 2nd. ValuEngine raised Grupo Televisa SAB from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Barclays reaffirmed a “hold” rating and set a $11.00 price target on shares of Grupo Televisa SAB in a research note on Monday, June 24th. Zacks Investment Research upgraded Grupo Televisa SAB from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Finally, BMO Capital Markets reiterated an “average” rating on shares of Grupo Televisa SAB in a research report on Thursday, June 27th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $17.20.

Grupo Televisa SAB Company Profile

Grupo Televisa, SAB. operates as a media company in the Spanish-speaking world. The company operates through four segments: Content, Sky, Cable, and Other Businesses. The Content segment produces television programming and broadcasts Channels 2, 4, 5, and 9; sells advertising time on programs; provides Internet services; and produces television programming and broadcasting for local television stations in Mexico and the United States.

Further Reading: Earnings Reports

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Institutional Ownership by Quarter for Grupo Televisa SAB (NYSE:TV)

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