Harris Associates L P Has $1.21 Billion Holdings in Grupo Televisa S.A. (TV)
Harris Associates L P cut its holdings in Grupo Televisa S.A. (NYSE:TV) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,692,561 shares of the company’s stock after selling 434,951 shares during the period. Grupo Televisa comprises about 2.2% of Harris Associates L P’s holdings, making the stock its 13th largest position. Harris Associates L P owned 2.00% of Grupo Televisa worth $1,211,008,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in Grupo Televisa by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,350,763 shares of the company’s stock valued at $57,289,000 after buying an additional 38,314 shares in the last quarter. Harding Loevner LP raised its stake in Grupo Televisa by 2.9% in the second quarter. Harding Loevner LP now owns 19,348,979 shares of the company’s stock valued at $471,535,000 after buying an additional 536,989 shares in the last quarter. Dodge & Cox raised its stake in Grupo Televisa by 6.0% in the second quarter. Dodge & Cox now owns 40,308,617 shares of the company’s stock valued at $982,321,000 after buying an additional 2,287,300 shares in the last quarter. Quantbot Technologies LP raised its stake in Grupo Televisa by 94.0% in the second quarter. Quantbot Technologies LP now owns 11,866 shares of the company’s stock valued at $289,000 after buying an additional 5,749 shares in the last quarter. Finally, FMR LLC acquired a new stake in Grupo Televisa in the second quarter valued at $21,427,000. Institutional investors own 58.30% of the company’s stock.
A number of analysts have weighed in on TV shares. ValuEngine upgraded Grupo Televisa from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Credit Suisse Group set a $27.00 price target on Grupo Televisa and gave the company a “hold” rating in a research note on Saturday, July 1st. Zacks Investment Research upgraded Grupo Televisa from a “sell” rating to a “hold” rating in a research note on Thursday, June 8th. BidaskClub cut Grupo Televisa from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, Morgan Stanley cut Grupo Televisa from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $29.00 to $28.00 in a research report on Thursday, August 10th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $27.00.
Grupo Televisa S.A. (TV) traded up 0.82% during mid-day trading on Friday, hitting $24.67. The stock had a trading volume of 796,003 shares. The stock has a market cap of $61.15 billion, a P/E ratio of 300.85 and a beta of 1.32. The company has a 50 day moving average price of $25.74 and a 200 day moving average price of $25.40. Grupo Televisa S.A. has a one year low of $19.69 and a one year high of $27.37.
Grupo Televisa (NYSE:TV) last posted its quarterly earnings data on Monday, July 10th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Grupo Televisa had a net margin of 4.69% and a return on equity of 4.62%. The company had revenue of $1.25 billion during the quarter. On average, equities analysts anticipate that Grupo Televisa S.A. will post $0.63 EPS for the current year.
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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