Sei Investments Co. Trims Stake in Grupo Televisa, S.A.B. (NYSE:TV)

Posted by Defense World Staff on Jun 6th, 2023

Sei Investments Co. lessened its holdings in shares of Grupo Televisa, S.A.B. (NYSE:TV – Get Rating) by 24.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,197,559 shares of the company’s stock after selling 388,051 shares during the period. Sei Investments Co. owned about 0.21% of Grupo Televisa, S.A.B. worth $5,461,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Quantbot Technologies LP purchased a new stake in Grupo Televisa, S.A.B. in the 2nd quarter valued at about $25,000. EverSource Wealth Advisors LLC increased its stake in shares of Grupo Televisa, S.A.B. by 5,105.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 10,827 shares of the company’s stock valued at $49,000 after buying an additional 10,619 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of Grupo Televisa, S.A.B. by 771.6% in the third quarter. Quadrant Capital Group LLC now owns 9,779 shares of the company’s stock valued at $53,000 after acquiring an additional 8,657 shares in the last quarter. Ethic Inc. purchased a new stake in Grupo Televisa, S.A.B. in the third quarter worth about $54,000. Finally, Signaturefd LLC raised its holdings in shares of Grupo Televisa, S.A.B. by 689.5% in the 3rd quarter. Signaturefd LLC now owns 10,784 shares of the company’s stock valued at $58,000 after purchasing an additional 9,418 shares in the last quarter. Institutional investors own 56.61% of the company’s stock.

Grupo Televisa, S.A.B. Price Performance

Grupo Televisa, S.A.B. stock opened at $4.99 on Tuesday. The stock has a market capitalization of $2.82 billion, a P/E ratio of -5.36, a P/E/G ratio of 8.04 and a beta of 1.42. The company’s fifty day moving average price is $4.98 and its 200 day moving average price is $5.16. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.33 and a current ratio of 2.38. Grupo Televisa, S.A.B. has a 1 year low of $4.38 and a 1 year high of $9.73.

Grupo Televisa, S.A.B. Increases Dividend

The business also recently declared an annual dividend, which will be paid on Monday, June 12th. Investors of record on Tuesday, May 30th will be given a dividend of $0.0985 per share. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, May 26th. This is an increase from Grupo Televisa, S.A.B.’s previous annual dividend of $0.09. Grupo Televisa, S.A.B.’s dividend payout ratio is -9.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. TheStreet downgraded shares of Grupo Televisa, S.A.B. from a “c-” rating to a “d+” rating in a research note on Friday, February 24th. Citigroup started coverage on shares of Grupo Televisa, S.A.B. in a research report on Tuesday, February 14th. They issued a “buy” rating and a $8.50 price objective for the company. UBS Group downgraded Grupo Televisa, S.A.B. from a “buy” rating to a “neutral” rating and dropped their price target for the company from $8.80 to $6.00 in a research note on Wednesday, April 19th. StockNews.com lowered shares of Grupo Televisa, S.A.B. from a “hold” rating to a “sell” rating in a research report on Friday, May 12th. Finally, The Goldman Sachs Group started coverage on shares of Grupo Televisa, S.A.B. in a research note on Tuesday, May 30th. They issued a “buy” rating and a $6.10 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Grupo Televisa, S.A.B. has an average rating of “Hold” and an average target price of $8.66.

About Grupo Televisa, S.A.B.

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Grupo Televisa SAB engages in the provision of media products and services. It operates through the following segments: Content, Sky, Cable, and Other Businesses. The Content segment includes advertising, network subscription revenue and licensing and syndication. The Sky segment includes direct-to-home satellite television system.