SOL Capital Management CO boosted its position in Viacom Inc. (NASDAQ:VIAB) by 3.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,871 shares of the company’s stock after buying an additional 450 shares during the period. SOL Capital Management CO’s holdings in Viacom were worth $617,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. Sentry Investment Management LLC boosted 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 worth $876,000 after buying an additional 6,596 shares during the period. Columbia Partners L L C Investment Management boosted 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 worth $1,006,000 after buying an additional 3,764 shares during the period. NN Investment Partners Holdings N.V. bought a new stake in shares of Viacom during the first quarter worth approximately $337,000. Royce & Associates LP boosted its stake in shares of Viacom by 18.5% in the first quarter. Royce & Associates LP now owns 186,000 shares of the company’s stock worth $7,678,000 after buying an additional 29,000 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Viacom during the first quarter worth approximately $382,000. Institutional investors and hedge funds own 76.12% of the company’s stock.
Shares of Viacom Inc. (NASDAQ:VIAB) traded up 0.50% during midday trading on Friday, reaching $36.00. The company had a trading volume of 4,677,332 shares. The firm’s 50 day moving average price is $37.72 and its 200-day moving average price is $41.06. Viacom Inc. has a 12 month low of $30.11 and a 12 month high of $53.35. The company has a market capitalization of $14.28 billion, a P/E ratio of 6.93 and a beta of 1.33.
Viacom (NASDAQ:VIAB) last posted its earnings results on Thursday, August 4th. The company reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.04. The business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Viacom had a net margin of 15.85% and a return on equity of 46.74%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.47 earnings per share. Analysts anticipate that Viacom Inc. will post $3.64 earnings per share for the current fiscal year.
The firm also recently announced 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 dividend on an annualized basis and a yield of 2.22%. Viacom’s payout ratio is currently 15.41%.
A number of equities research analysts have commented on the company. FBR & Co reiterated a “buy” rating on shares of Viacom in a report on Monday, June 20th. Brean Capital reissued a “hold” rating on shares of Viacom in a research note on Friday, August 5th. Vetr lowered Viacom from a “strong-buy” rating to a “sell” rating and set a $42.50 price target on the stock. in a research note on Monday, July 11th. Telsey Advisory Group reduced their price target on Viacom from $53.00 to $51.00 and set an “outperform” rating on the stock in a research note on Friday, August 5th. Finally, Wells Fargo & Co. reissued an “underperform” rating and set a $35.00 price target on shares of Viacom in a research note on Thursday, September 22nd. Three investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $43.81.
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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