Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 220.05MM shares of Grupo Televisa S.A. (TV). This represents 7.8% of the company.
In their previous filing dated February 1, 2022 they reported 191.20MM shares and 6.90% of the company, an increase in shares of 15.09% and an increase in total ownership of 0.90% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 81.80% Upside
As of January 28, 2023, the average one-year price target for Grupo Televisa is $10.89. The forecasts range from a low of $6.95 to a high of $18.07. The average price target represents an increase of 81.80% from its latest reported closing price of $5.99.
The projected annual revenue for Grupo Televisa is $79,998MM, a decrease of 23.69%. The projected annual EPS is $1.53, a decrease of 92.85%.
Fund Sentiment
There are 284 funds or institutions reporting positions in Grupo Televisa. This is an increase of 1 owner(s) or 0.35%.
Average portfolio weight of all funds dedicated to US:TV is 0.2660%, a decrease of 39.8843%. Total shares owned by institutions decreased in the last three months by 2.30% to 427,536K shares.
What are large shareholders doing?
Dodge & Cox holds 64,998,920 shares representing 2.30% ownership of the company. No change in the last quarter.
Harris Associates L P holds 50,365,514 shares representing 1.78% ownership of the company. In it's prior filing, the firm reported owning 59,600,086 shares, representing a decrease of 18.34%. The firm decreased its portfolio allocation in TV by 39.63% over the last quarter.
DODFX - Dodge & Cox International Stock Fund holds 46,380,780 shares representing 1.64% ownership of the company. No change in the last quarter.
VEIEX - Vanguard Emerging Markets Stock Index Fund Investor Shares holds 32,947,911 shares representing 1.17% ownership of the company. In it's prior filing, the firm reported owning 33,567,611 shares, representing a decrease of 1.88%. The firm decreased its portfolio allocation in TV by 23.68% over the last quarter.
VGTSX - Vanguard Total International Stock Index Fund Investor Shares holds 32,112,932 shares representing 1.14% ownership of the company. In it's prior filing, the firm reported owning 31,605,258 shares, representing an increase of 1.58%. The firm decreased its portfolio allocation in TV by 24.14% over the last quarter.
Grupo Televisa SAB Background Information
(This description is provided by the company.)
Grupo Televisa is a Mexican multimedia mass media company. A major Latin American mass media corporation, it often presents itself as the largest producer of Spanish-language content.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
