Viacom Inc. (NASDAQ:VIAB) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 19,341,561 shares, an increase of 7.9% from the July 14th total of 17,920,792 shares. Based on an average trading volume of 5,006,507 shares, the days-to-cover ratio is presently 3.9 days.
A number of institutional investors have recently added to or reduced their stakes in VIAB. LMR Partners LLP bought a new position in Viacom during the first quarter valued at approximately $874,000. Wetherby Asset Management Inc. boosted its position in Viacom by 0.7% in the first quarter. Wetherby Asset Management Inc. now owns 7,186 shares of the company’s stock valued at $335,000 after buying an additional 53 shares during the last quarter. Stuyvesant Capital Management boosted its position in Viacom by 7.7% in the first quarter. Stuyvesant Capital Management now owns 68,050 shares of the company’s stock valued at $3,172,000 after buying an additional 4,850 shares during the last quarter. Geode Capital Management LLC boosted its position in Viacom by 9.5% in the first quarter. Geode Capital Management LLC now owns 3,518,736 shares of the company’s stock valued at $163,819,000 after buying an additional 306,346 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in Viacom by 7.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,434,293 shares of the company’s stock valued at $66,867,000 after buying an additional 101,737 shares during the last quarter. Hedge funds and other institutional investors own 77.38% of the company’s stock.
A number of analysts recently issued reports on VIAB shares. Jefferies Group LLC restated a “buy” rating and set a $52.00 target price on shares of Viacom in a research report on Monday, April 17th. Rosenblatt Securities restated an “underweight” rating on shares of Viacom in a research report on Friday, April 14th. BidaskClub lowered shares of Viacom from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 5th. Royal Bank Of Canada decreased their target price on shares of Viacom from $35.00 to $30.00 and set an “underperform” rating on the stock in a research report on Friday, May 5th. Finally, Pivotal Research restated a “hold” rating and set a $40.00 target price on shares of Viacom in a research report on Sunday, April 23rd. Five analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $42.14.
Shares of Viacom (NASDAQ VIAB) opened at 30.07 on Friday. The stock has a market cap of $12.09 billion, a P/E ratio of 8.27 and a beta of 1.57. Viacom has a 1-year low of $29.65 and a 1-year high of $46.72. The company’s 50-day moving average is $34.12 and its 200 day moving average is $39.06.
Viacom (NASDAQ:VIAB) last released its earnings results on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.12. The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.29 billion. Viacom had a net margin of 11.04% and a return on equity of 30.89%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.05 EPS. Equities research analysts anticipate that Viacom will post $3.87 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.66%. The ex-dividend date is Thursday, September 14th. Viacom’s payout ratio is currently 21.98%.
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Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.
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