First Mercantile Trust Co. Purchases 3,210 Shares of Grupo Televisa SAB (TV)
First Mercantile Trust Co. boosted its stake in shares of Grupo Televisa SAB (NYSE:TV) by 13.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,810 shares of the company’s stock after buying an additional 3,210 shares during the period. First Mercantile Trust Co.’s holdings in Grupo Televisa SAB were worth $698,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its position in shares of Grupo Televisa SAB by 140.1% in the second quarter. PNC Financial Services Group Inc. now owns 6,236 shares of the company’s stock valued at $161,000 after buying an additional 3,639 shares during the last quarter. M&T Bank Corp bought a new position in shares of Grupo Televisa SAB during the first quarter valued at approximately $242,000. Commerzbank Aktiengesellschaft FI bought a new position in shares of Grupo Televisa SAB during the second quarter valued at approximately $262,000. Timber Hill LLC bought a new position in shares of Grupo Televisa SAB during the second quarter valued at approximately $288,000. Finally, BB&T Corp bought a new position in shares of Grupo Televisa SAB during the second quarter valued at approximately $291,000. 54.29% of the stock is currently owned by institutional investors.
Shares of Grupo Televisa SAB (NYSE:TV) opened at 24.38 on Wednesday. The company has a market capitalization of $59.82 billion, a price-to-earnings ratio of 142.57 and a beta of 1.46. The company has a 50-day moving average price of $26.57 and a 200-day moving average price of $26.58. Grupo Televisa SAB has a 12 month low of $23.25 and a 12 month high of $30.36.
TV has been the topic of several recent research reports. Evercore ISI raised Grupo Televisa SAB from a “hold” rating to a “buy” rating in a report on Thursday, July 7th. New Street Research raised Grupo Televisa SAB to a “buy” rating in a research note on Wednesday, September 7th. Finally, Zacks Investment Research raised Grupo Televisa SAB from a “sell” rating to a “hold” rating in a research note on Monday, June 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $28.67.
Grupo Televisa SAB 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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