Mitsubishi UFJ Trust & Banking Corp Has $1.81 Million Position in Grupo Televisa S.A. (TV)
Mitsubishi UFJ Trust & Banking Corp boosted its stake in Grupo Televisa S.A. (NYSE:TV) by 3.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,359 shares of the company’s stock after acquiring an additional 2,282 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Grupo Televisa were worth $1,812,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in TV. Quantbot Technologies LP bought a new stake in Grupo Televisa in the first quarter valued at approximately $158,000. Ngam Advisors L.P. boosted its holdings in Grupo Televisa by 26.0% in the first quarter. Ngam Advisors L.P. now owns 14,459 shares of the company’s stock valued at $375,000 after acquiring an additional 2,981 shares during the last quarter. KCG Holdings Inc. bought a new stake in Grupo Televisa in the first quarter valued at approximately $468,000. BB&T Corp boosted its holdings in Grupo Televisa by 24.5% in the second quarter. BB&T Corp now owns 23,310 shares of the company’s stock valued at $568,000 after acquiring an additional 4,585 shares during the last quarter. Finally, Airain ltd bought a new stake in Grupo Televisa in the second quarter valued at approximately $755,000. Institutional investors and hedge funds own 58.30% of the company’s stock.
Several analysts recently commented on TV shares. Morgan Stanley cut Grupo Televisa from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $29.00 to $28.00 in a report on Thursday, August 10th. HSBC Holdings plc upgraded Grupo Televisa from a “reduce” rating to a “hold” rating in a report on Wednesday, May 24th. ValuEngine upgraded Grupo Televisa from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th. BidaskClub cut Grupo Televisa from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Finally, Credit Suisse Group set a $27.00 target price on Grupo Televisa and gave the company a “hold” rating in a report on Saturday, July 1st. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Grupo Televisa has a consensus rating of “Hold” and a consensus target price of $26.50.
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Grupo Televisa S.A. (NYSE:TV) opened at 25.01 on Friday. The firm’s 50 day moving average price is $26.02 and its 200-day moving average price is $25.41. Grupo Televisa S.A. has a 12-month low of $19.69 and a 12-month high of $27.37. The company has a market capitalization of $61.99 billion, a PE ratio of 308.77 and a beta of 1.32.
Grupo Televisa (NYSE:TV) last posted its earnings results on Monday, July 10th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.01. Grupo Televisa had a return on equity of 4.62% and a net margin of 4.69%. The firm had revenue of $1.25 billion for the quarter. On average, equities analysts anticipate that Grupo Televisa S.A. will post $0.63 earnings per share for the current fiscal year.
Grupo Televisa Company Profile
Grupo Televisa, SAB. is a media company in the international entertainment business. The Company operates in four business segments: Content, Sky, Telecommunications, and Other Businesses. It operates four broadcast channels in Mexico City and has affiliated stations throughout the country. It produces pay-television channels with national and international feeds, throughout Latin America, the United States, Canada, Europe and Asia Pacific.
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