Advisors Asset Management Inc. cut its stake in Viacom Inc. (NASDAQ:VIAB) by 3.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,494 shares of the company’s stock after selling 195 shares during the period. Advisors Asset Management Inc.’s holdings in Viacom were worth $228,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. increased its stake in Viacom by 40.4% in the second quarter. Oppenheimer & Co. Inc. now owns 16,601 shares of the company’s stock valued at $689,000 after buying an additional 4,775 shares during the period. Alambic Investment Management L.P. increased its stake in Viacom by 70.9% in the second quarter. Alambic Investment Management L.P. now owns 25,800 shares of the company’s stock valued at $1,070,000 after buying an additional 10,700 shares during the period. Norinchukin Bank The increased its stake in Viacom by 2.3% in the second quarter. Norinchukin Bank The now owns 18,181 shares of the company’s stock valued at $754,000 after buying an additional 401 shares during the period. Blair William & Co. IL bought a new stake in Viacom during the second quarter valued at approximately $270,000. Finally, Stuyvesant Capital Management bought a new stake in Viacom during the second quarter valued at approximately $2,035,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.
Shares of Viacom Inc. (NASDAQ:VIAB) traded up 0.08% during midday trading on Tuesday, hitting $37.72. The company had a trading volume of 2,173,938 shares. The company has a market capitalization of $14.96 billion, a PE ratio of 7.26 and a beta of 1.33. Viacom Inc. has a 12 month low of $30.11 and a 12 month high of $53.35. The company has a 50-day moving average of $39.13 and a 200-day moving average of $41.31.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Thursday, August 4th. The company reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.04. Viacom had a return on equity of 46.74% and a net margin of 15.85%. The firm earned $3.11 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the previous year, the business earned $1.47 EPS. Viacom’s revenue for the quarter was up 1.6% compared to the same quarter last year. Analysts predict that Viacom Inc. will post $3.64 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 22nd were paid a $0.20 dividend. The ex-dividend date was Thursday, September 22nd. This represents a $0.80 annualized dividend and a dividend yield of 2.12%. Viacom’s dividend payout ratio is presently 15.41%.
Several research firms have commented on VIAB. Loop Capital reissued a “hold” rating and issued a $39.00 target price (down from $41.00) on shares of Viacom in a report on Friday. Wedbush dropped their target price on Viacom from $44.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, September 27th. Barclays PLC reissued an “overweight” rating and issued a $46.00 target price (down from $48.00) on shares of Viacom in a report on Monday, September 26th. Argus reissued a “hold” rating on shares of Viacom in a report on Friday, September 23rd. Finally, Wells Fargo & Co. reissued an “underperform” rating and issued a $35.00 target price on shares of Viacom in a report on Thursday, September 22nd. Four equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and ten have issued a buy rating to the company. Viacom presently 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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