Viacom Inc. (VIAB) Trading 3.9% Higher
Shares of Viacom Inc. (NASDAQ:VIAB) rose 3.9% during mid-day trading on Thursday . The company traded as high as $43.24 and last traded at $43.01, with a volume of 2,315,263 shares traded. The stock had previously closed at $41.38.
VIAB has been the topic of several recent research reports. Pivotal Research reaffirmed a “buy” rating and set a $55.00 price objective (down previously from $83.00) on shares of Viacom in a research report on Tuesday, April 19th. Vetr lowered shares of Viacom from a “strong-buy” rating to a “buy” rating and set a $43.59 price objective on the stock. in a research report on Wednesday, April 6th. Jefferies Group reaffirmed a “buy” rating and set a $49.00 price objective on shares of Viacom in a research report on Sunday, March 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $49.00 price objective on shares of Viacom in a research report on Monday, April 25th. Finally, FBR & Co reaffirmed a “buy” rating on shares of Viacom in a research report on Friday, April 29th. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the stock. Viacom currently has a consensus rating of “Hold” and an average price target of $48.86.
The stock has a market capitalization of $17.90 billion and a PE ratio of 8.11. The firm has a 50 day moving average of $42.74 and a 200 day moving average of $40.65.
Viacom (NASDAQ:VIAB) last posted its quarterly earnings data on Thursday, April 28th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.04. During the same quarter in the previous year, the business earned $1.16 EPS. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.98 billion. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. Equities analysts anticipate that Viacom Inc. will post $4.56 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.54%. The ex-dividend date was Monday, June 13th.
In other Viacom news, EVP Michael D. Fricklas sold 10,800 shares of the stock in a transaction on Monday, June 20th. The stock was sold at an average price of $45.29, for a total transaction of $489,132.00. Following the transaction, the executive vice president now owns 5,357 shares in the company, valued at approximately $242,618.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of hedge funds and institutional investors have recently bought and sold shares of VIAB. Janus Capital Management boosted its position in Viacom by 62.8% in the third quarter. Janus Capital Management now owns 52,053 shares of the company’s stock valued at $2,246,000 after buying an additional 20,073 shares during the last quarter. Numeric Investors LLC boosted its position in Viacom by 0.4% in the fourth quarter. Numeric Investors LLC now owns 50,500 shares of the company’s stock valued at $2,079,000 after buying an additional 200 shares during the last quarter. Sei Investments Co. boosted its position in Viacom by 27.4% in the fourth quarter. Sei Investments Co. now owns 58,281 shares of the company’s stock valued at $2,399,000 after buying an additional 12,530 shares during the last quarter. First Trust Advisors LP boosted its position in Viacom by 101.6% in the fourth quarter. First Trust Advisors LP now owns 347,099 shares of the company’s stock valued at $14,287,000 after buying an additional 174,969 shares during the last quarter. Finally, Chicago Equity Partners LLC purchased a new position in Viacom during the fourth quarter valued at $1,478,000.
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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