Victory Capital Management Inc. cut its stake in shares of Viacom Inc. (NASDAQ:VIAB) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,424 shares of the company’s stock after selling 131 shares during the period. Victory Capital Management Inc.’s holdings in Viacom were worth $183,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. increased its stake in Viacom by 4.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 11,026,497 shares of the company’s stock worth $455,174,000 after buying an additional 450,834 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Viacom by 3.2% in the second quarter. Bank of New York Mellon Corp now owns 8,414,859 shares of the company’s stock worth $348,963,000 after buying an additional 261,769 shares during the last quarter. Geode Capital Management LLC increased its stake in Viacom by 0.5% in the first quarter. Geode Capital Management LLC now owns 2,908,135 shares of the company’s stock worth $119,812,000 after buying an additional 14,321 shares during the last quarter. Jennison Associates LLC increased its stake in Viacom by 11.9% in the second quarter. Jennison Associates LLC now owns 2,190,267 shares of the company’s stock worth $90,830,000 after buying an additional 233,412 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Viacom by 2.4% in the second quarter. American Century Companies Inc. now owns 2,129,479 shares of the company’s stock worth $88,309,000 after buying an additional 50,342 shares during the last quarter. 76.12% of the stock is currently owned by hedge funds and other institutional investors.
Viacom Inc. (NASDAQ:VIAB) traded up 0.1393% during midday trading on Tuesday, reaching $37.7425. 1,437,869 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $39.13 and its 200-day moving average price is $41.31. The stock has a market cap of $14.97 billion, a PE ratio of 7.2652 and a beta of 1.33. Viacom Inc. has a one year low of $30.11 and a one year high of $53.35.
Viacom (NASDAQ:VIAB) last posted its quarterly earnings data on Thursday, August 4th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The business earned $3.11 billion during the quarter, compared to the consensus estimate of $3.01 billion. Viacom had a return on equity of 46.74% and a net margin of 15.85%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.47 earnings per share. Equities analysts predict that Viacom Inc. will post $3.64 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 22nd were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, September 22nd. This represents a $0.80 annualized dividend and a dividend yield of 2.12%. Viacom’s payout ratio is presently 15.41%.
Several equities research analysts recently commented on VIAB shares. Brean Capital reiterated a “hold” rating on shares of Viacom in a research report on Thursday, September 8th. Telsey Advisory Group downgraded shares of Viacom from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $51.00 to $47.00 in a research report on Friday, August 26th. FBR & Co reiterated an “outperform” rating and set a $57.00 target price on shares of Viacom in a research report on Tuesday, August 23rd. Stifel Nicolaus reiterated a “buy” rating and set a $49.00 target price on shares of Viacom in a research report on Wednesday, September 7th. Finally, Wedbush cut their target price on shares of Viacom from $44.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 27th. Four investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $43.80.
Viacom Inc (Viacom) is an entertainment content company that connects with audiences in over 160 countries and territories and creates compelling television programs, motion pictures, short-form video, applications, games, consumer products, social media and other entertainment content. The Company operates through two segments: Media Networks and Filmed Entertainment.
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