Grupo Televisa SAB (NYSE:TV) announced an annual dividend on Friday, May 19th. Stockholders of record on Tuesday, May 30th will be paid a dividend of 0.093 per share on Wednesday, June 7th. This represents a dividend yield of 0.38%. The ex-dividend date is Thursday, May 25th.
Grupo Televisa SAB has decreased its dividend payment by an average of 12.6% per year over the last three years. Grupo Televisa SAB has a payout ratio of 11.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Grupo Televisa SAB to earn $0.85 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 9.4%.
Shares of Grupo Televisa SAB (NYSE:TV) traded up 0.62% during mid-day trading on Friday, hitting $24.21. The stock had a trading volume of 2,391,684 shares. The stock has a market capitalization of $59.14 billion, a P/E ratio of 322.80 and a beta of 1.35. The stock has a 50 day moving average of $25.23 and a 200-day moving average of $23.41. Grupo Televisa SAB has a 52 week low of $19.69 and a 52 week high of $27.89.
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A number of equities analysts have recently weighed in on TV shares. ValuEngine upgraded Grupo Televisa SAB from a “sell” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research lowered Grupo Televisa SAB from a “hold” rating to a “sell” rating in a research note on Thursday, April 13th. Bank of America Corp upgraded Grupo Televisa SAB from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 24th. HSBC Holdings plc lowered Grupo Televisa SAB from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 28th. Finally, Credit Suisse Group AG set a $28.00 price objective on Grupo Televisa SAB and gave the stock a “hold” rating in a research note on Saturday, April 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.67.
A hedge fund recently raised its stake in Grupo Televisa SAB stock. State Street Corp raised its position in shares of Grupo Televisa SAB (NYSE:TV) by 1,923.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 792,099 shares of the company’s stock after buying an additional 752,954 shares during the period. State Street Corp’s holdings in Grupo Televisa SAB were worth $20,539,000 as of its most recent filing with the SEC. Institutional investors own 56.60% of the company’s stock.
About Grupo Televisa SAB
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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