Securian Asset Management Inc Grows Stock Position in Viacom, Inc. (NASDAQ:VIAB)

Share on StockTwits

Securian Asset Management Inc raised its holdings in Viacom, Inc. (NASDAQ:VIAB) by 1.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,410 shares of the company’s stock after buying an additional 354 shares during the quarter. Securian Asset Management Inc’s holdings in Viacom were worth $1,088,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in VIAB. AQR Capital Management LLC raised its stake in Viacom by 40.5% in the first quarter. AQR Capital Management LLC now owns 10,680,153 shares of the company’s stock valued at $294,131,000 after buying an additional 3,076,039 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd raised its stake in Viacom by 836.3% in the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,850,277 shares of the company’s stock valued at $80,007,000 after buying an additional 2,545,862 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its stake in Viacom by 41.3% in the first quarter. Thompson Siegel & Walmsley LLC now owns 3,579,799 shares of the company’s stock valued at $100,485,000 after buying an additional 1,046,796 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Viacom by 20.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,147,775 shares of the company’s stock valued at $132,310,000 after buying an additional 865,520 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in Viacom by 182.3% in the first quarter. Great West Life Assurance Co. Can now owns 931,668 shares of the company’s stock valued at $26,078,000 after buying an additional 601,600 shares during the last quarter. Institutional investors own 77.56% of the company’s stock.

Shares of VIAB stock opened at $24.65 on Friday. The stock’s 50-day simple moving average is $29.70 and its 200-day simple moving average is $29.21. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.15 and a current ratio of 1.36. The firm has a market capitalization of $10.44 billion, a PE ratio of 5.98, a P/E/G ratio of 0.94 and a beta of 1.29. Viacom, Inc. has a fifty-two week low of $23.31 and a fifty-two week high of $34.44.

Viacom (NASDAQ:VIAB) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.14. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.33 billion. Viacom had a return on equity of 21.71% and a net margin of 12.68%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.18 earnings per share. Sell-side analysts forecast that Viacom, Inc. will post 3.99 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Friday, September 13th. Viacom’s dividend payout ratio is presently 19.42%.

A number of equities research analysts have commented on the company. BMO Capital Markets decreased their price target on Viacom from $34.00 to $33.00 and set a “market perform” rating for the company in a research note on Thursday, May 16th. BidaskClub cut Viacom from a “hold” rating to a “sell” rating in a research note on Tuesday, August 20th. Guggenheim upgraded Viacom from a “neutral” rating to a “buy” rating and increased their price target for the company from $31.00 to $35.00 in a research note on Wednesday, August 14th. Macquarie cut Viacom from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $37.00 to $31.00 in a research note on Wednesday, August 14th. Finally, ValuEngine cut Viacom from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 20th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $34.14.

Viacom Profile

Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.

Featured Story: Technical Analysis of Stocks, How Can It Help

Want to see what other hedge funds are holding VIAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viacom, Inc. (NASDAQ:VIAB).

Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

Receive News & Ratings for Viacom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Swiss National Bank Buys 4,900 Shares of ChannelAdvisor Corp
Swiss National Bank Buys 4,900 Shares of ChannelAdvisor Corp
Doheny Asset Management CA Buys 960 Shares of AT&T Inc.
Doheny Asset Management CA Buys 960 Shares of AT&T Inc.
Doheny Asset Management CA Buys 2,865 Shares of Xilinx, Inc.
Doheny Asset Management CA Buys 2,865 Shares of Xilinx, Inc.
$1.31 EPS Expected for Microchip Technology Inc.  This Quarter
$1.31 EPS Expected for Microchip Technology Inc. This Quarter
Doheny Asset Management CA Has $387,000 Stock Holdings in Lowe’s Companies, Inc.
Doheny Asset Management CA Has $387,000 Stock Holdings in Lowe’s Companies, Inc.
-$0.63 Earnings Per Share Expected for Instructure Inc  This Quarter
-$0.63 Earnings Per Share Expected for Instructure Inc This Quarter


© 2006-2019 Ticker Report