Northwestern Mutual Wealth Management Co. Acquires 17,864 Shares of Grupo Televisa, S.A.B. (NYSE:TV)

Northwestern Mutual Wealth Management Co. raised its holdings in Grupo Televisa, S.A.B. (NYSE:TV) by 22.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 98,282 shares of the company’s stock after buying an additional 17,864 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Grupo Televisa, S.A.B. were worth $272,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Gamco Investors INC. ET AL increased its position in shares of Grupo Televisa, S.A.B. by 18.8% during the fourth quarter. Gamco Investors INC. ET AL now owns 11,633,903 shares of the company’s stock worth $38,857,000 after acquiring an additional 1,838,425 shares during the period. Fund 1 Investments LLC purchased a new position in Grupo Televisa, S.A.B. during the 4th quarter worth $668,000. Healthcare of Ontario Pension Plan Trust Fund raised its position in Grupo Televisa, S.A.B. by 162.4% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,093,800 shares of the company’s stock valued at $10,333,000 after purchasing an additional 1,914,800 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Grupo Televisa, S.A.B. by 824.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company’s stock valued at $50,000 after purchasing an additional 13,322 shares in the last quarter. Finally, Ballentine Partners LLC lifted its holdings in shares of Grupo Televisa, S.A.B. by 74.1% in the 1st quarter. Ballentine Partners LLC now owns 25,442 shares of the company’s stock worth $81,000 after buying an additional 10,828 shares during the period. Hedge funds and other institutional investors own 55.77% of the company’s stock.

Analysts Set New Price Targets

TV has been the subject of several recent research reports. The Goldman Sachs Group decreased their price objective on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating for the company in a report on Monday, August 5th. StockNews.com cut shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research report on Monday, September 30th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $5.60.

Grupo Televisa, S.A.B. Price Performance

NYSE TV opened at $2.51 on Thursday. The firm’s fifty day simple moving average is $2.12 and its two-hundred day simple moving average is $2.64. The firm has a market capitalization of $1.39 billion, a P/E ratio of -2.89, a P/E/G ratio of 1.17 and a beta of 1.89. The company has a current ratio of 2.31, a quick ratio of 2.28 and a debt-to-equity ratio of 0.04. Grupo Televisa, S.A.B. has a 12-month low of $1.69 and a 12-month high of $3.64.

Grupo Televisa, S.A.B. Company Profile

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.