Daiwa Securities Group Inc. Sells 12,500 Shares of Grupo Televisa S.A. (NYSE:TV)
Daiwa Securities Group Inc. lowered its stake in shares of Grupo Televisa S.A. (NYSE:TV) by 10.6% during the second quarter, Holdings Channel reports. The firm owned 104,900 shares of the company’s stock after selling 12,500 shares during the period. Daiwa Securities Group Inc.’s holdings in Grupo Televisa were worth $2,556,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of TV. Independent Portfolio Consultants Inc. bought a new position in Grupo Televisa during the first quarter valued at $139,000. Quantbot Technologies LP bought a new position in Grupo Televisa during the first quarter valued at $158,000. Wetherby Asset Management Inc. bought a new position in Grupo Televisa during the first quarter valued at $215,000. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in Grupo Televisa by 4.0% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 13,000 shares of the company’s stock valued at $337,000 after buying an additional 500 shares during the period. Finally, Hartwell J M Limited Partnership raised its position in Grupo Televisa by 15.9% in the first quarter. Hartwell J M Limited Partnership now owns 13,090 shares of the company’s stock valued at $340,000 after buying an additional 1,800 shares during the period. Institutional investors own 60.97% of the company’s stock.
Shares of Grupo Televisa S.A. (TV) opened at 26.30 on Tuesday. Grupo Televisa S.A. has a 12 month low of $19.69 and a 12 month high of $27.89. The stock has a 50 day moving average price of $25.42 and a 200 day moving average price of $24.78. The firm has a market capitalization of $65.19 billion, a P/E ratio of 316.87 and a beta of 1.31.
Grupo Televisa (NYSE:TV) last issued its earnings results on Monday, July 10th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.01. The company had revenue of $1.25 billion for the quarter. Grupo Televisa had a net margin of 4.69% and a return on equity of 4.62%. On average, analysts expect that Grupo Televisa S.A. will post $0.70 earnings per share for the current year.
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Several equities research analysts have recently issued reports on the company. BidaskClub downgraded Grupo Televisa from a “buy” rating to a “hold” rating in a research report on Saturday. Credit Suisse Group set a $27.00 price target on Grupo Televisa and gave the company a “hold” rating in a research report on Saturday, July 1st. HSBC Holdings plc raised Grupo Televisa from a “reduce” rating to a “hold” rating in a research report on Wednesday, May 24th. Zacks Investment Research raised Grupo Televisa from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $26.00 price target (up from $23.00) on shares of Grupo Televisa in a research report on Monday, June 5th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price 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.
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