In this piece, we will take a look at the 5 Most Profitable Mid-Cap Stocks Now. For more such companies, go to the 12 Most Profitable Mid-Cap Stocks Now.
5. Grupo Televisa, S.A.B. (NYSE:TV)
Net Income TTM: $3.01 billion
Headquartered in Mexico, Grupo Televisa, S.A.B. (NYSE:TV) runs a cable company and offers subscription-based satellite television services. The company offers 87,000 hours of paid and free-to-air content and also provides satellite television services in Mexico, Dominican Republic, and Central America. Furthermore, Grupo Televisa, S.A.B. (NYSE:TV) operates a network of more than 103,000 km of coaxial cable and over 67,000 km of fiber optics. Other businesses of Grupo Televisa, S.A.B. (NYSE:TV) comprises magazine publishing, casino sites and lotteries, soccer team, and feature-film distribution.
On February 14, 2023, Andres Cardona, an analyst at Citi, started covering Grupo Televisa, S.A.B. (NYSE:TV) with a price target of $8.50 and a Buy rating on the company’s stock. According to the analyst, the valuations in the cable sector of Mexico remain low, making the stock attractive.
As per Insider Monkey’s database, 21 hedge funds held stakes worth $376 million in Grupo Televisa, S.A.B. (NYSE:TV) in Q4 2022, compared to 19 funds in the prior quarter with a stake worth $347 million.
4. ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)
Net Income TTM: $5.91 billion
Headquartered in Haifa, Israel, ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) is a cargo shipping company. The cargo services provided by the company include dry cargo, refrigerated cargo, hazardous material, breakbulk cargo, inland transport, and car carrier service. In addition, the company’s ZIMonitor allows the customer to monitor, track, and even control the environment of the cargo. ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) owns and operates a total of 92 offices throughout the Americas, Europe, Asia and Oceania, and Africa. As of November 2022, the company had a fleet of 139 ships with a total capacity of approximately 540,000 TEU (twenty-foot equivalent).
On February 17, 2023, Samuel Bland, an analyst at JPMorgan, increased his price target on ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) to $30.40 from $17.60 and upgraded the ratings on the company’s shares to Overweight from Neutral. According to the analyst, the asset-light businesses are in a better position currently, which is why he remains overweight on ZIM Integrated Shipping Services Ltd. (NYSE:ZIM).
According to Insider Monkey’s database, 14 hedge funds held stakes worth $173 million in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in Q4 2022, compared to 15 funds in the prior quarter with a stake worth $258 million.
3. Liberty Global plc (NASDAQ:LBTYA)
Net Income TTM: $6.81 billion
Liberty Global plc (NASDAQ:LBTYA) is a British-Dutch-American multinational corporation. The company holds an interest in several telecommunication companies in the United Kingdom, Belgium, the Netherlands, Ireland, Switzerland, and Slovakia. In addition, the company offers business-class broadband internet network services to corporate and residential customers.
Furthermore, Liberty Global plc (NASDAQ:LBTYA) is partnered with companies like All3Media Limited, Lions Gate Entertainment Corporation, Univision, ITV plc (ITV.L), and Formula E to provide digital content spanning across the categories of sports, gaming, movies, documentaries, news, etc.
As per Insider Monkey’s database, 35 hedge funds held stakes worth $1.7 billion in Liberty Global plc (NASDAQ:LBTYA) in Q4 2022, compared to 38 funds in the prior quarter with a stake worth $1.6 billion.
2. Jackson Financial Inc. (NYSE:JXN)
Net Income TTM: $6.99 billion
Jackson Financial Inc. (NYSE:JXN) is an insurance company based in the United States. The operating segments include retail annuities, closed life and annuity blocks, and institutional products. Jackson Financial Inc. (NYSE:JXN) provides retirement planning services and annuity products to facilitate Americans protect their retirement income and savings. The annuity products of the company include variable annuities, registered index-linked annuities, fixed index annuities, fixed annuities, and closed products.
On February 21, 2023, Suneet Kamath, an analyst at Jefferies, increased his price target on Jackson Financial Inc. (NYSE:JXN) to $55 from $46 while keeping a Buy rating on the company’s shares.
According to Insider Monkey’s database, 28 hedge funds held stakes worth $338 million in Jackson Financial Inc. (NYSE:JXN) in Q4 2022, compared to 24 funds in the prior quarter with a stake worth $272 million.
1. Federal National Mortgage Association (OTC:FNMA)
Net Income TTM: $12.92 billion
Headquartered in the United States, Federal National Mortgage Association (OTC:FNMA) provides low-cost mortgage financing. The company’s reportable business segments include the single-family segment and the multi-family segment. Federal National Mortgage Association (OTC:FNMA) purchases and holds mortgages and issues mortgage-backed securities to help low to middle-class Americans get access to housing.
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