Oppenheimer Asset Management Inc. Raises Position in Grupo Televisa S.A. (NYSE:TV)

Oppenheimer Asset Management Inc. raised its stake in Grupo Televisa S.A. (NYSE:TV) by 2.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,373 shares of the company’s stock after acquiring an additional 1,328 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Grupo Televisa were worth $1,568,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in Grupo Televisa by 361.7% in the first quarter. Bank of America Corp DE now owns 4,295,419 shares of the company’s stock valued at $111,423,000 after acquiring an additional 3,365,159 shares during the period. Blackstone Group L.P. raised its stake in shares of Grupo Televisa by 47.7% in the first quarter. Blackstone Group L.P. now owns 7,681,629 shares of the company’s stock worth $199,261,000 after buying an additional 2,479,160 shares during the period. First Eagle Investment Management LLC raised its stake in shares of Grupo Televisa by 3.2% in the second quarter. First Eagle Investment Management LLC now owns 38,547,427 shares of the company’s stock worth $939,401,000 after buying an additional 1,195,820 shares during the period. TPG Group Holdings SBS Advisors Inc. raised its stake in shares of Grupo Televisa by 108.8% in the first quarter. TPG Group Holdings SBS Advisors Inc. now owns 1,785,365 shares of the company’s stock worth $46,312,000 after buying an additional 930,279 shares during the period. Finally, Columbus Hill Capital Management L.P. bought a new position in shares of Grupo Televisa in the first quarter worth about $20,762,000. 58.30% of the stock is currently owned by institutional investors.

Grupo Televisa S.A. (NYSE:TV) traded up 0.08% on Friday, hitting $25.10. The stock had a trading volume of 85,781 shares. The company has a market cap of $62.22 billion, a P/E ratio of 309.88 and a beta of 1.32. The firm’s 50-day moving average is $25.87 and its 200-day moving average is $25.43. Grupo Televisa S.A. has a 52-week low of $19.69 and a 52-week high of $27.37.

Grupo Televisa (NYSE:TV) last posted its earnings results on Monday, July 10th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The firm had revenue of $1.25 billion during the quarter. Grupo Televisa had a net margin of 4.69% and a return on equity of 4.62%. Equities research analysts anticipate that Grupo Televisa S.A. will post $0.64 earnings per share for the current fiscal year.

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Several brokerages recently issued reports on TV. HSBC Holdings plc upgraded Grupo Televisa from a “reduce” rating to a “hold” rating in a report on Wednesday, May 24th. BidaskClub upgraded Grupo Televisa from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. J P Morgan Chase & Co reissued a “neutral” rating and set a $26.00 price target (up from $23.00) on shares of Grupo Televisa in a research note on Monday, June 5th. Morgan Stanley lowered Grupo Televisa from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $29.00 to $28.00 in a research note on Thursday, August 10th. Finally, Zacks Investment Research raised Grupo Televisa from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $26.50.

Grupo Televisa Company Profile

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.

Institutional Ownership by Quarter for Grupo Televisa (NYSE:TV)

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