Concert Wealth Management Inc. increased its stake in Viacom Inc. (NASDAQ:VIAB) by 18.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,198 shares of the company’s stock after buying an additional 2,376 shares during the period. Concert Wealth Management Inc.’s holdings in Viacom were worth $625,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the company. IFP Advisors Inc increased its stake in shares of Viacom by 7.1% in the first quarter. IFP Advisors Inc now owns 3,964 shares of the company’s stock valued at $164,000 after buying an additional 264 shares in the last quarter. Sentry Investment Management LLC increased its stake in shares of Viacom by 45.1% in the first quarter. Sentry Investment Management LLC now owns 21,211 shares of the company’s stock valued at $876,000 after buying an additional 6,596 shares in the last quarter. Columbia Partners L L C Investment Management increased its stake in shares of Viacom by 18.3% in the first quarter. Columbia Partners L L C Investment Management now owns 24,377 shares of the company’s stock valued at $1,006,000 after buying an additional 3,764 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new stake in shares of Viacom during the first quarter valued at $337,000. Finally, Landscape Capital Management L.L.C. increased its stake in shares of Viacom by 126.3% in the first quarter. Landscape Capital Management L.L.C. now owns 59,170 shares of the company’s stock valued at $2,443,000 after buying an additional 33,020 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors.
Shares of Viacom Inc. (NASDAQ:VIAB) traded down 1.161% during trading on Wednesday, hitting $35.315. 1,459,469 shares of the company were exchanged. The company’s 50-day moving average price is $38.06 and its 200 day moving average price is $41.14. Viacom Inc. has a 12 month low of $30.11 and a 12 month high of $53.35. The stock has a market cap of $14.01 billion, a P/E ratio of 6.798 and a beta of 1.33.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings data on Thursday, August 4th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. The business had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.01 billion. Viacom had a net margin of 15.85% and a return on equity of 46.74%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.47 earnings per share. On average, equities analysts predict that Viacom Inc. will post $3.64 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 22nd were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Thursday, September 22nd. Viacom’s dividend payout ratio is currently 15.41%.
VIAB has been the topic of several analyst reports. BTIG Research raised Viacom from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Thursday, June 16th. Royal Bank Of Canada raised Viacom from an “underperform” rating to a “sector perform” rating and increased their price target for the stock from $34.00 to $45.00 in a research report on Friday, June 17th. Wunderlich restated a “buy” rating and set a $87.00 target price on shares of Viacom in a research report on Friday, June 17th. Credit Suisse Group AG restated a “buy” rating on shares of Viacom in a research report on Friday, June 17th. Finally, Sanford C. Bernstein restated an “underperform” rating on shares of Viacom in a research report on Friday, June 17th. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Viacom has an average rating of “Hold” and a consensus target price of $43.80.
Viacom Company Profile
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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