126,745 Shares in Grupo Televisa, S.A.B. (NYSE:TV) Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC acquired a new stake in Grupo Televisa, S.A.B. (NYSE:TV) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 126,745 shares of the company’s stock, valued at approximately $213,000.

Several other large investors have also modified their holdings of TV. PEAK6 LLC bought a new position in shares of Grupo Televisa, S.A.B. during the 4th quarter worth approximately $41,000. Russell Investments Group Ltd. acquired a new position in Grupo Televisa, S.A.B. during the fourth quarter worth $47,000. Tower Research Capital LLC TRC raised its position in shares of Grupo Televisa, S.A.B. by 3,312.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 31,053 shares of the company’s stock valued at $52,000 after buying an additional 30,143 shares during the last quarter. Employees Retirement System of Texas acquired a new stake in Grupo Televisa, S.A.B. during the fourth quarter worth about $84,000. Finally, Northern Trust Corp boosted its stake in Grupo Televisa, S.A.B. by 57.9% during the fourth quarter. Northern Trust Corp now owns 64,512 shares of the company’s stock worth $108,000 after buying an additional 23,648 shares during the period. Institutional investors own 55.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. UBS Group lowered their price objective on shares of Grupo Televisa, S.A.B. from $2.50 to $2.40 and set a “neutral” rating for the company in a research note on Monday. Benchmark reissued a “buy” rating and issued a $7.00 price objective (down previously from $8.00) on shares of Grupo Televisa, S.A.B. in a research note on Wednesday, March 5th. The Goldman Sachs Group raised their price objective on shares of Grupo Televisa, S.A.B. from $1.80 to $2.20 and gave the company a “buy” rating in a research note on Wednesday, May 21st. Finally, Wall Street Zen lowered shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Grupo Televisa, S.A.B. currently has an average rating of “Hold” and an average price target of $3.87.

Grupo Televisa, S.A.B. Stock Up 3.0%

Shares of NYSE:TV opened at $2.25 on Tuesday. The firm’s 50 day moving average price is $1.92 and its 200 day moving average price is $1.88. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of -3.08 and a beta of 1.91. Grupo Televisa, S.A.B. has a fifty-two week low of $1.55 and a fifty-two week high of $2.90. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03.

Grupo Televisa, S.A.B. (NYSE:TV) last issued its earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.09. The firm had revenue of $763.42 million for the quarter, compared to analysts’ expectations of $15.33 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 fiscal year.

Grupo Televisa, S.A.B. Cuts Dividend

The company also recently announced an annual dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 30th were issued a $0.0908 dividend. The ex-dividend date was Friday, May 30th. This represents a yield of 3.9%. Grupo Televisa, S.A.B.’s dividend payout ratio (DPR) is -10.00%.

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.