JPMorgan Chase & Co. Acquires 1,367,578 Shares of Grupo Televisa S.A. $TV

JPMorgan Chase & Co. lifted its holdings in shares of Grupo Televisa S.A. (NYSE:TV) by 6.5% during the 3rd quarter, Holdings Channel reports. The firm owned 22,426,972 shares of the company’s stock after purchasing an additional 1,367,578 shares during the quarter. JPMorgan Chase & Co.’s holdings in Grupo Televisa were worth $60,329,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Strid Group LLC bought a new position in shares of Grupo Televisa during the 3rd quarter worth approximately $27,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Grupo Televisa during the 3rd quarter valued at $28,000. TD Private Client Wealth LLC boosted its stake in Grupo Televisa by 68.8% during the third quarter. TD Private Client Wealth LLC now owns 10,685 shares of the company’s stock worth $29,000 after acquiring an additional 4,355 shares in the last quarter. Evergreen Capital Management LLC acquired a new stake in Grupo Televisa in the second quarter worth $29,000. Finally, one8zero8 LLC bought a new stake in Grupo Televisa in the third quarter valued at $40,000. 55.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TV. Weiss Ratings reissued a “sell (d-)” rating on shares of Grupo Televisa in a research report on Wednesday, January 21st. Benchmark reaffirmed a “buy” rating on shares of Grupo Televisa in a research note on Friday, January 2nd. Finally, Zacks Research raised Grupo Televisa from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $5.07.

Grupo Televisa Stock Down 4.4%

Shares of TV opened at $3.18 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.31 and a quick ratio of 2.29. The stock has a 50 day moving average price of $3.14 and a two-hundred day moving average price of $2.84. Grupo Televisa S.A. has a 52 week low of $1.55 and a 52 week high of $3.49.

About Grupo Televisa

Grupo Televisa, SAB. is a leading Mexican multimedia conglomerate headquartered in Mexico City, specializing in the creation, production and distribution of Spanish-language content. The company operates free-to-air television networks, subscription pay-TV services, broadband and telephony under its cable arm, and a range of digital streaming platforms. Grupo Televisa’s portfolio spans news, sports, telenovelas, reality programming and original series, positioning it as one of the largest content producers in the Spanish-speaking world.

Televisa’s broadcast division includes flagship channels such as Las Estrellas and Canal 5, while its pay-TV segment features operations under brands like Sky México and Izzi Telecom.