Prudential PLC Sells 61,343 Shares of Grupo Televisa, S.A.B. (NYSE:TV)

Prudential PLC trimmed its holdings in Grupo Televisa, S.A.B. (NYSE:TV) by 0.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,910,567 shares of the company’s stock after selling 61,343 shares during the quarter. Prudential PLC owned approximately 1.43% of Grupo Televisa, S.A.B. worth $13,290,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. GFS Advisors LLC bought a new position in shares of Grupo Televisa, S.A.B. during the fourth quarter worth $3,600,000. Robeco Institutional Asset Management B.V. lifted its stake in Grupo Televisa, S.A.B. by 245.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,976,394 shares of the company’s stock worth $3,320,000 after purchasing an additional 1,404,933 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Grupo Televisa, S.A.B. during the 4th quarter valued at about $939,000. BNP Paribas Financial Markets grew its position in shares of Grupo Televisa, S.A.B. by 1,005,403.7% during the third quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company’s stock valued at $695,000 after purchasing an additional 271,459 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Grupo Televisa, S.A.B. by 11.8% in the fourth quarter. American Century Companies Inc. now owns 1,312,209 shares of the company’s stock worth $2,205,000 after purchasing an additional 138,303 shares during the last quarter. 55.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TV. The Goldman Sachs Group dropped their price target on Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Benchmark reissued a “buy” rating and issued a $7.00 target price (down from $8.00) on shares of Grupo Televisa, S.A.B. in a report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Grupo Televisa, S.A.B. presently has an average rating of “Hold” and a consensus price target of $4.23.

Grupo Televisa, S.A.B. Stock Down 4.6 %

Shares of NYSE:TV opened at $1.67 on Friday. The company has a 50-day moving average price of $1.90 and a 200 day moving average price of $2.03. The company has a current ratio of 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03. Grupo Televisa, S.A.B. has a 12 month low of $1.62 and a 12 month high of $3.47. The company has a market cap of $924.85 million, a price-to-earnings ratio of -2.29 and a beta of 1.84.

Grupo Televisa, S.A.B. (NYSE:TV) last released its earnings results on Thursday, February 20th. The company reported ($0.90) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.91). The company had revenue of $758.58 million for the quarter, compared to the consensus estimate of $15.49 billion. Grupo Televisa, S.A.B. had a negative net margin of 11.69% and a negative return on equity of 5.73%. As a group, equities research analysts predict that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current year.

Grupo Televisa, S.A.B. Company Profile

Grupo Televisa, SAB., together with its subsidiaries, owns and operates cable companies and provides direct-to-home satellite pay television system in Mexico and the United States. It operates through three segments: Cable, Sky, and Other Businesses. The Cable segment operates cable multiple system that provides basic and premium television subscription, pay-per-view, installation, Internet subscription, and telephone and mobile services subscription, as well as local and national advertising services; and telecommunication facilities, which offers data and long-distance services solutions to carriers and other telecommunications service providers through its fiber-optic network.