American National Insurance Co. TX held its position in Grupo Televisa S.A. (NYSE:TV) during the second quarter, according to its most recent filing with the SEC. The firm owned 10,925 shares of the company’s stock at the end of the second quarter. American National Insurance Co. TX’s holdings in Grupo Televisa were worth $266,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of TV. Independent Portfolio Consultants Inc. acquired a new position in Grupo Televisa during the first quarter valued at $139,000. Quantbot Technologies LP acquired a new position in Grupo Televisa during the first quarter valued at $158,000. Wetherby Asset Management Inc. acquired a new position in Grupo Televisa during the first quarter valued at $215,000. GABELLI & Co INVESTMENT ADVISERS INC. increased 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 in the last quarter. Finally, Hartwell J M Limited Partnership increased 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 in the last quarter. 61.16% of the stock is currently owned by hedge funds and other institutional investors.
Grupo Televisa S.A. (NYSE:TV) traded down 0.59% during midday trading on Friday, hitting $25.44. 979,254 shares of the stock were exchanged. The firm has a 50 day moving average of $26.00 and a 200-day moving average of $25.10. Grupo Televisa S.A. has a 12-month low of $19.69 and a 12-month high of $27.88. The stock has a market cap of $63.06 billion, a price-to-earnings ratio of 314.07 and a beta of 1.31.
Grupo Televisa (NYSE:TV) last announced its quarterly earnings data on Monday, July 10th. The company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The business 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, equities analysts expect that Grupo Televisa S.A. will post $0.69 earnings per share for the current year.
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TV has been the topic of a number of analyst reports. HSBC Holdings plc raised shares of Grupo Televisa from a “reduce” rating to a “hold” rating in a research note on Wednesday, May 24th. ValuEngine raised shares of Grupo Televisa from a “sell” rating to a “hold” rating in a research note on Wednesday, May 17th. BidaskClub raised shares of Grupo Televisa from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $26.00 target price (up from $23.00) on shares of Grupo Televisa in a research note on Monday, June 5th. Finally, Morgan Stanley downgraded shares of Grupo Televisa from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $29.00 to $28.00 in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $26.50.
About Grupo Televisa
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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