Sun TV Network (NSE:SUNTV) Price Target Increased by 6.50% to 639.12

The average one-year price target for Sun TV Network (NSE:SUNTV) has been revised to 639.12 / share. This is an increase of 6.50% from the prior estimate of 600.14 dated October 31, 2023.

The price target is an average of many targets provided by analysts. The latest targets range from a low of 464.60 to a high of 840.00 / share. The average price target represents a decrease of 4.63% from the latest reported closing price of 670.15 / share.

Sun TV Network Maintains 2.24% Dividend Yield

At the most recent price, the company's dividend yield is 2.24%.

Additionally, the company's dividend payout ratio is 0.32. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is -0.40%.

What is the Fund Sentiment?

There are 54 funds or institutions reporting positions in Sun TV Network. This is unchanged over the last quarter. Average portfolio weight of all funds dedicated to SUNTV is 0.07%, an increase of 37.02%. Total shares owned by institutions increased in the last three months by 3.88% to 9,808K shares.

What are Other Shareholders Doing?

IN:SUNTV / Sun TV Network Ltd Shares Held by Institutions

VEIEX - Vanguard Emerging Markets Stock Index Fund Investor Shares holds 1,367K shares representing 0.35% ownership of the company. No change in the last quarter.

VGTSX - Vanguard Total International Stock Index Fund Investor Shares holds 1,325K shares representing 0.34% ownership of the company. In it's prior filing, the firm reported owning 1,279K shares, representing an increase of 3.49%. The firm increased its portfolio allocation in SUNTV by 22.55% over the last quarter.

Bernstein Fund Inc - International Small Cap Portfolio Advisor Class holds 1,226K shares representing 0.31% ownership of the company. In it's prior filing, the firm reported owning 1,213K shares, representing an increase of 1.03%. The firm increased its portfolio allocation in SUNTV by 44.97% over the last quarter.

IEMG - iShares Core MSCI Emerging Markets ETF holds 1,023K shares representing 0.26% ownership of the company. In it's prior filing, the firm reported owning 914K shares, representing an increase of 10.62%. The firm increased its portfolio allocation in SUNTV by 48.91% over the last quarter.

DFCEX - Emerging Markets Core Equity Portfolio - Institutional Class holds 895K shares representing 0.23% ownership of the company. No change in the last quarter.

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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.

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