Foxhaven Asset Management LP Continues to Hold Position in Grupo Televisa S.A. (TV)

Foxhaven Asset Management LP continued to hold its stake in Grupo Televisa S.A. (NYSE:TV) during the first quarter, Holdings Channel reports. The fund owned 1,767,730 shares of the company’s stock at the end of the first quarter. Grupo Televisa comprises 3.2% of Foxhaven Asset Management LP’s holdings, making the stock its 12th largest position. Foxhaven Asset Management LP’s holdings in Grupo Televisa were worth $45,855,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Capstone Asset Management Co. boosted its stake in shares of Grupo Televisa by 0.5% in the first quarter. Capstone Asset Management Co. now owns 79,961 shares of the company’s stock valued at $2,074,000 after buying an additional 380 shares during the period. Keybank National Association OH boosted its stake in shares of Grupo Televisa by 1.7% in the fourth quarter. Keybank National Association OH now owns 27,541 shares of the company’s stock valued at $575,000 after buying an additional 467 shares during the period. World Asset Management Inc boosted its stake in shares of Grupo Televisa by 1.5% in the first quarter. World Asset Management Inc now owns 32,092 shares of the company’s stock valued at $832,000 after buying an additional 483 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in shares of Grupo Televisa by 4.0% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 13,000 shares of the company’s stock valued at $337,000 after buying an additional 500 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Grupo Televisa by 0.8% in the first quarter. BNP Paribas Arbitrage SA now owns 89,133 shares of the company’s stock valued at $2,312,000 after buying an additional 683 shares during the period. 62.04% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Grupo Televisa S.A. (TV) traded up 0.04% during mid-day trading on Friday, reaching $24.48. 1,020,562 shares of the company traded hands. The stock has a market capitalization of $59.80 billion, a price-to-earnings ratio of 313.85 and a beta of 1.35. Grupo Televisa S.A. has a 52-week low of $19.69 and a 52-week high of $27.89. The company’s 50 day moving average is $24.53 and its 200 day moving average is $23.64.

The company also recently disclosed an annual dividend, which was paid on Wednesday, June 7th. Stockholders of record on Tuesday, May 30th were issued a $0.093 dividend. The ex-dividend date of this dividend was Thursday, May 25th. This represents a dividend yield of 0.38%. Grupo Televisa’s dividend payout ratio (DPR) is 20.00%.

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Several research analysts have recently weighed in on TV shares. J P Morgan Chase & Co reissued a “neutral” rating and set a $26.00 price target (up previously from $23.00) on shares of Grupo Televisa in a research report on Monday, June 5th. Credit Suisse Group set a $28.00 price target on shares of Grupo Televisa and gave the company a “hold” rating in a research report on Saturday, April 15th. Zacks Investment Research cut shares of Grupo Televisa from a “hold” rating to a “sell” rating in a research report on Thursday, April 13th. HSBC Holdings plc raised shares of Grupo Televisa from a “reduce” rating to a “hold” rating in a research report on Wednesday, May 24th. Finally, ValuEngine raised shares of Grupo Televisa from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $26.33.

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.

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