Shares of Grupo Televisa, S.A.B. (NYSE:TV – Get Free Report) have earned a consensus rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $5.28.
A number of research firms recently commented on TV. Bank of America lowered Grupo Televisa, S.A.B. from a “buy” rating to a “neutral” rating and set a $3.50 price target on the stock. in a research report on Monday, April 15th. Benchmark restated a “buy” rating and set a $12.00 price target on shares of Grupo Televisa, S.A.B. in a research report on Thursday, May 16th.
Get Our Latest Analysis on Grupo Televisa, S.A.B.
Grupo Televisa, S.A.B. Stock Down 0.4 %
Grupo Televisa, S.A.B. Increases Dividend
The company also recently disclosed an annual dividend, which was paid on Monday, June 10th. Shareholders of record on Thursday, May 30th were issued a dividend of $0.1056 per share. This is an increase from Grupo Televisa, S.A.B.’s previous annual dividend of $0.10. The ex-dividend date of this dividend was Thursday, May 30th. This represents a yield of 2.4%. Grupo Televisa, S.A.B.’s dividend payout ratio is currently -10.34%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of TV. GFS Advisors LLC acquired a new position in shares of Grupo Televisa, S.A.B. in the 4th quarter valued at $1,904,000. Gabelli Funds LLC lifted its stake in shares of Grupo Televisa, S.A.B. by 14.9% in the 1st quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company’s stock valued at $22,536,000 after purchasing an additional 914,500 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Grupo Televisa, S.A.B. by 34.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 831,124 shares of the company’s stock valued at $2,776,000 after purchasing an additional 215,013 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Grupo Televisa, S.A.B. by 824.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company’s stock valued at $50,000 after purchasing an additional 13,322 shares during the period. Finally, Jump Financial LLC lifted its stake in shares of Grupo Televisa, S.A.B. by 223.8% in the 4th quarter. Jump Financial LLC now owns 216,924 shares of the company’s stock valued at $725,000 after purchasing an additional 149,923 shares during the period. Institutional investors and hedge funds own 55.77% of the company’s stock.
About Grupo Televisa, S.A.B.
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.
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