Dodge & Cox recently announced the acquisition of new stake in Grupo Televisa S.A.B. (NYSE:TV). The institutional investor has increased its shareholding in the Communication Services company by 1.94% to 68.15 million shares with purchase of 1.29 million shares. This fresh investment now brings its stake to 13.47% valued currently at $357.09 million. In addition, Harris Associates LP raised its holdings by 0.27 million to 65.33 million shares. And Renaissance Technologies LLC has lifted its position by 10.02% or 1.24 million shares – to 13.62 million shares.
With over 1.95 million Grupo Televisa S.A.B. (TV) shares trading Friday and a closing price of $5.53 on the day, the dollar volume was approximately $10.81 million. The shares have shown a positive weekly performance of 6.55% and its price on 07/24/20 gained nearly 3.36%. Currently, there are 564.00M common shares owned by the public and among those 558.57M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 17 analysts who have offered their price forecasts for TV have a consensus price objective of $7.66. The analysts have set the share’s price value over the next 12 months at a high of $14.35 and a low of $5.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Grupo Televisa S.A.B. stock is 2.60 for the next 12 months. The average price target is 32.73% above its last price level and an upside to the estimated low will see the stock lose -10.6% over that period. But an upside of 61.46% will see the stock hit the forecast high price target while mean target price for the stock is $6.62.
The top 3 mutual fund holders in Grupo Televisa S.A.B. are Dodge & Cox Funds – International, Oakmark International Fund, and Dodge & Cox Funds – Global Stock. Dodge & Cox Funds – International owns 50.13 million shares of the company’s stock, all valued at over $262.66 million. Dodge & Cox Funds – Global Stock now owns shares totaling to 2.40% of the shares outstanding.
Shares of Grupo Televisa S.A.B. (NYSE: TV) opened at $5.34, down -$0.01 from a prior closing price of $5.35. However, the script later closed the day at $5.53, up 3.36%. The company’s stock has a 5-day price change of 6.55% and 6.55% over the past three months. TV shares are trading -52.86% year to date (YTD), with the 12-month market performance down to -40.22% lower. It has a 12-month low price of $4.65 and touched a high of $12.60 over the same period. Currently, 1.95 million shares have been traded, compared to an average intraday trading volume of 1.72 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.86%, -1.91%, and -34.77% respectively.
Institutional ownership of Grupo Televisa S.A.B. (NYSE: TV) shares accounts for 48.40% of the company’s 564.00M shares outstanding. Mutual fund holders own 24.89%, while other institutional holders and individual stakeholders account for 28.51% and — respectively.
It has a market capitalization of $3.15B and a beta (3y monthly) value of 1.16. The earnings-per-share (ttm) stands at -$0.38. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.12% over the week and 4.47% over the month.
Analysts forecast that Grupo Televisa S.A.B. (TV) will achieve an EPS of $0.03 for the current quarter, $0.07 for the next quarter and $0.15 for 2021. The lowest estimate earnings-per-share for the quarter is $0.01 while analysts give the company a high EPS estimate of $0.04. Comparatively, EPS for the current quarter was $0.07 a year ago. Earnings per share for the fiscal year are expected to decrease by -22.70%, and 125.90% over the next financial year. EPS should grow at an annualized rate of 3.15% over the next five years, compared to -1.60% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 17 brokerage firm advisors rate Grupo Televisa S.A.B. (TV) as a “Moderate Buy” at a consensus score of 2.60. Specifically, 7 Wall Street analysts polled rate the stock as a buy, while 9 of the 17 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the TV, a number of firms have released research notes about the stock. Barclays stated their Underweight rating for the stock in a research note on November 11, 2019, with the firm’s price target at. Citigroup coverage for the Grupo Televisa S.A.B. (TV) stock in a research note released on February 01, 2019 offered a Buy rating with a price target of. Goldman was of a view on April 03, 2018 that the stock is Neutral, while JP Morgan gave the stock Overweight rating on December 15, 2017, issuing a price target of. Morgan Stanley on their part issued Equal-Weight rating on August 10, 2017.