Comerica Bank Reduces Holdings in Grupo Televisa S.A. (TV)
Comerica Bank cut its position in Grupo Televisa S.A. (NYSE:TV) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,423 shares of the company’s stock after selling 364 shares during the quarter. Comerica Bank’s holdings in Grupo Televisa were worth $1,014,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Quantbot Technologies LP bought a new position in shares of Grupo Televisa during the first quarter worth about $158,000. Ngam Advisors L.P. raised its position in shares of Grupo Televisa by 26.0% during the first quarter. Ngam Advisors L.P. now owns 14,459 shares of the company’s stock worth $375,000 after acquiring an additional 2,981 shares during the last quarter. KCG Holdings Inc. bought a new position in shares of Grupo Televisa during the first quarter worth about $468,000. BB&T Corp raised its position in shares of Grupo Televisa by 24.5% during the second quarter. BB&T Corp now owns 23,310 shares of the company’s stock worth $568,000 after acquiring an additional 4,585 shares during the last quarter. Finally, World Asset Management Inc raised its position in shares of Grupo Televisa by 1.5% during the first quarter. World Asset Management Inc now owns 32,092 shares of the company’s stock worth $832,000 after acquiring an additional 483 shares during the last quarter. Hedge funds and other institutional investors own 58.30% of the company’s stock.
Shares of Grupo Televisa S.A. (NYSE TV) opened at 25.16 on Tuesday. The firm has a 50-day moving average price of $25.79 and a 200-day moving average price of $25.41. Grupo Televisa S.A. has a one year low of $19.69 and a one year high of $27.37. The company has a market capitalization of $62.36 billion, a P/E ratio of 310.62 and a beta of 1.32.
Grupo Televisa (NYSE:TV) last issued its earnings results on Monday, July 10th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. The company had revenue of $1.25 billion during the quarter. Grupo Televisa had a return on equity of 4.62% and a net margin of 4.69%. Equities analysts forecast that Grupo Televisa S.A. will post $0.64 earnings per share for the current year.
TV has been the subject of a number of analyst reports. ValuEngine upgraded Grupo Televisa from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded Grupo Televisa from a “sell” rating to a “hold” rating in a research report on Thursday, June 8th. J P Morgan Chase & Co restated a “neutral” rating and set a $26.00 price objective (up from $23.00) on shares of Grupo Televisa in a research report on Monday, June 5th. BidaskClub upgraded Grupo Televisa from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, HSBC Holdings plc upgraded Grupo Televisa from a “reduce” rating to a “hold” rating in a research report on Wednesday, May 24th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Grupo Televisa presently has a consensus rating of “Hold” and a consensus price target of $26.50.
About Grupo Televisa
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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