Grupo Televisa SAB (TV) Stake Boosted by Harris Associates L P

Harris Associates L P lifted its position in Grupo Televisa SAB (NYSE:TV) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,148,738 shares of the company’s stock after buying an additional 238,390 shares during the quarter. Grupo Televisa SAB makes up 1.5% of Harris Associates L P’s investment portfolio, making the stock its 22nd largest holding. Harris Associates L P owned approximately 10.49% of Grupo Televisa SAB worth $756,671,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TV. Macquarie Group Ltd. increased its holdings in shares of Grupo Televisa SAB by 12.7% in the 3rd quarter. Macquarie Group Ltd. now owns 6,037,549 shares of the company’s stock valued at $107,106,000 after acquiring an additional 682,500 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Grupo Televisa SAB by 63.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,010,593 shares of the company’s stock valued at $88,888,000 after acquiring an additional 1,941,037 shares during the last quarter. Morgan Stanley increased its holdings in shares of Grupo Televisa SAB by 5.4% in the 3rd quarter. Morgan Stanley now owns 4,946,237 shares of the company’s stock valued at $87,747,000 after acquiring an additional 255,438 shares during the last quarter. Dorsal Capital Management LLC increased its holdings in shares of Grupo Televisa SAB by 9.3% in the 3rd quarter. Dorsal Capital Management LLC now owns 4,100,000 shares of the company’s stock valued at $72,734,000 after acquiring an additional 350,000 shares during the last quarter. Finally, Zimmer Partners LP increased its holdings in shares of Grupo Televisa SAB by 8.9% in the 3rd quarter. Zimmer Partners LP now owns 3,375,000 shares of the company’s stock valued at $59,873,000 after acquiring an additional 275,000 shares during the last quarter. Hedge funds and other institutional investors own 49.79% of the company’s stock.

A number of analysts have weighed in on TV shares. UBS Group raised Grupo Televisa SAB from a “market perform” rating to an “outperform” rating in a research report on Wednesday, December 26th. Citigroup raised Grupo Televisa SAB from a “neutral” rating to a “buy” rating in a research report on Thursday, January 31st. Santander raised Grupo Televisa SAB from a “hold” rating to a “buy” rating in a research report on Friday, December 21st. Scotiabank raised Grupo Televisa SAB from an “underperform” rating to a “sector perform” rating and decreased their price objective for the stock from $14.00 to $13.00 in a research report on Wednesday, January 23rd. Finally, Credit Suisse Group set a $27.00 price objective on Grupo Televisa SAB and gave the stock a “hold” rating in a research report on Thursday, December 20th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $20.00.

TV opened at $11.00 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 1.47 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $6.31 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 0.60 and a beta of 1.12. Grupo Televisa SAB has a 12 month low of $10.18 and a 12 month high of $21.41.

Grupo Televisa SAB (NYSE:TV) last posted its quarterly earnings results on Thursday, February 21st. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.13). The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. Grupo Televisa SAB had a net margin of 5.94% and a return on equity of 5.74%. As a group, research analysts forecast that Grupo Televisa SAB will post 0.57 EPS for the current fiscal year.

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Grupo Televisa SAB 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.

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

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