Insider Selling: Grupo Televisa (NYSE:TV) Director Sells 200,003 Shares of Stock

Grupo Televisa S.A. (NYSE:TV) Director Viadero Salvi Rafael Folch sold 200,003 shares of the stock in a transaction on Monday, May 25th. The shares were sold at an average price of $0.56, for a total value of $112,001.68. Following the completion of the transaction, the director owned 32,997 shares of the company’s stock, valued at $18,478.32. This trade represents a 85.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Viadero Salvi Rafael Folch also recently made the following trade(s):

• On Tuesday, May 26th, Viadero Salvi Rafael Folch sold 32,997 shares of Grupo Televisa stock. The stock was sold at an average price of $0.56, for a total transaction of $18,478.32.
• On Monday, May 4th, Viadero Salvi Rafael Folch sold 44,500 shares of Grupo Televisa stock. The shares were sold at an average price of $0.57, for a total transaction of $25,365.00.

Grupo Televisa Stock Down 0.5%

Shares of TV stock traded down $0.02 on Wednesday, reaching $2.83. 546,804 shares of the company’s stock traded hands, compared to its average volume of 1,277,173. The company has a market capitalization of $1.50 billion, a P/E ratio of -3.49, a price-to-earnings-growth ratio of 1.00 and a beta of 1.61. Grupo Televisa S.A. has a 12-month low of $1.86 and a 12-month high of $3.49. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.36 and a current ratio of 2.39. The business’s 50 day moving average price is $2.92 and its two-hundred day moving average price is $2.98.

Grupo Televisa (NYSE:TV) last released its quarterly earnings data on Saturday, February 14th. The company reported ($0.80) earnings per share for the quarter. The company had revenue of $807.20 million during the quarter. Grupo Televisa had a negative net margin of 13.93% and a negative return on equity of 7.65%. On average, equities analysts forecast that Grupo Televisa S.A. will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On Grupo Televisa

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. acquired a new position in Grupo Televisa during the first quarter valued at approximately $96,000. Canada Pension Plan Investment Board acquired a new stake in shares of Grupo Televisa in the second quarter worth $1,232,000. Banco BTG Pactual S.A. acquired a new stake in shares of Grupo Televisa in the second quarter worth $208,000. Jane Street Group LLC bought a new stake in shares of Grupo Televisa during the 2nd quarter worth $1,211,000. Finally, Bank of America Corp DE boosted its holdings in shares of Grupo Televisa by 36.8% during the 2nd quarter. Bank of America Corp DE now owns 305,072 shares of the company’s stock worth $668,000 after buying an additional 82,118 shares during the period. 55.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TV shares. JPMorgan Chase & Co. restated a “neutral” rating on shares of Grupo Televisa in a report on Tuesday, March 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Grupo Televisa in a research report on Monday, April 20th. UBS Group dropped their price target on shares of Grupo Televisa from $3.70 to $3.20 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Finally, Wall Street Zen upgraded shares of Grupo Televisa from a “buy” rating to a “strong-buy” rating in a report on Saturday. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.27.

About Grupo Televisa

Grupo Televisa, SAB. is a leading Mexican multimedia conglomerate headquartered in Mexico City, specializing in the creation, production and distribution of Spanish-language content. The company operates free-to-air television networks, subscription pay-TV services, broadband and telephony under its cable arm, and a range of digital streaming platforms. Grupo Televisa’s portfolio spans news, sports, telenovelas, reality programming and original series, positioning it as one of the largest content producers in the Spanish-speaking world.

Televisa’s broadcast division includes flagship channels such as Las Estrellas and Canal 5, while its pay-TV segment features operations under brands like Sky México and Izzi Telecom.