Bank of New York Mellon Corp reduced its position in Grupo Televisa S.A. (NYSE:TV) by 24.3% during the first quarter, Holdings Channel reports. The fund owned 14,340 shares of the company’s stock after selling 4,597 shares during the period. Bank of New York Mellon Corp’s holdings in Grupo Televisa were worth $372,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Fisher Asset Management LLC boosted its position in shares of Grupo Televisa by 0.8% in the first quarter. Fisher Asset Management LLC now owns 10,430,858 shares of the company’s stock worth $270,576,000 after buying an additional 86,958 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Grupo Televisa by 7.8% in the first quarter. Russell Investments Group Ltd. now owns 4,406,406 shares of the company’s stock worth $114,316,000 after buying an additional 319,842 shares during the last quarter. US Bancorp DE boosted its position in shares of Grupo Televisa by 7.7% in the first quarter. US Bancorp DE now owns 117,093 shares of the company’s stock worth $3,038,000 after buying an additional 8,415 shares during the last quarter. Profund Advisors LLC boosted its position in shares of Grupo Televisa by 76.7% in the first quarter. Profund Advisors LLC now owns 89,283 shares of the company’s stock worth $2,316,000 after buying an additional 38,753 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its position in shares of Grupo Televisa by 0.5% in the first quarter. Capstone Asset Management Co. now owns 79,961 shares of the company’s stock worth $2,074,000 after buying an additional 380 shares during the last quarter. 60.97% of the stock is owned by institutional investors and hedge funds.

Shares of Grupo Televisa S.A. (NYSE TV) opened at 26.46 on Monday. Grupo Televisa S.A. has a 52-week low of $19.69 and a 52-week high of $27.89. The firm has a 50 day moving average price of $25.42 and a 200-day moving average price of $24.78. The company has a market cap of $65.59 billion, a price-to-earnings ratio of 318.80 and a beta of 1.31.

Grupo Televisa (NYSE:TV) last released its quarterly earnings data on Monday, July 10th. The company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The firm had revenue of $1.25 billion for the quarter. Grupo Televisa had a return on equity of 4.62% and a net margin of 4.69%. Equities research analysts anticipate that Grupo Televisa S.A. will post $0.70 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This article was posted by Daily Political and is owned by of Daily Political. If you are reading this article on another site, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this article can be viewed at https://www.dailypolitical.com/2017/08/07/bank-of-new-york-mellon-corp-sells-4597-shares-of-grupo-televisa-s-a-nysetv.html.

A number of equities analysts have issued reports on TV shares. Zacks Investment Research raised Grupo Televisa from a “strong sell” rating to a “hold” rating in a report on Saturday, April 29th. Credit Suisse Group set a $27.00 target price on Grupo Televisa and gave the stock a “hold” rating in a report on Saturday, July 1st. BidaskClub cut Grupo Televisa from a “buy” rating to a “hold” rating in a report on Saturday. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $26.00 target price (up previously from $23.00) on shares of Grupo Televisa in a report on Monday, June 5th. Finally, ValuEngine raised Grupo Televisa from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Grupo Televisa currently has an average rating of “Hold” and an average price target of $26.00.

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.

Want to see what other hedge funds are holding TV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grupo Televisa S.A. (NYSE:TV).

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

Receive News & Ratings for Grupo Televisa S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Televisa S.A. and related companies with MarketBeat.com's FREE daily email newsletter.