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

JPMorgan Chase & Co. raised its position in shares of Grupo Televisa S.A. (NYSE:TV) by 6.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,426,972 shares of the company’s stock after purchasing an additional 1,367,578 shares during the period. JPMorgan Chase & Co.’s holdings in Grupo Televisa were worth $60,329,000 at the end of the most recent reporting period.

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

Grupo Televisa Stock Up 1.6%

Shares of NYSE TV opened at $2.94 on Friday. The firm’s fifty day moving average is $3.12 and its 200 day moving average is $2.88. Grupo Televisa S.A. has a 52 week low of $1.55 and a 52 week high of $3.49. The company has a quick ratio of 2.11, a current ratio of 2.12 and a debt-to-equity ratio of 0.84. The company has a market cap of $1.63 billion, a price-to-earnings ratio of -3.30, a PEG ratio of 0.92 and a beta of 1.96.

Grupo Televisa (NYSE:TV) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.78) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.77). The firm had revenue of $794.82 million for the quarter, compared to analysts’ expectations of $799.01 million. Grupo Televisa had a negative net margin of 15.75% and a negative return on equity of 8.56%. On average, equities research analysts expect that Grupo Televisa S.A. will post -0.07 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on TV shares. Benchmark reissued a “buy” rating on shares of Grupo Televisa in a research note on Friday, January 2nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Grupo Televisa in a research note on Tuesday, March 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Grupo Televisa in a report on Wednesday, January 21st. Finally, Zacks Research upgraded shares of Grupo Televisa from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Grupo Televisa presently has a consensus rating of “Hold” and a consensus target price of $5.07.

Grupo Televisa Profile

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.