Gateway Investment Advisers LLC Has $747,000 Stake in Viacom Inc. (NASDAQ:VIAB)
Gateway Investment Advisers LLC lowered its stake in Viacom Inc. (NASDAQ:VIAB) by 1.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,245 shares of the company’s stock after selling 364 shares during the period. Gateway Investment Advisers LLC’s holdings in Viacom were worth $747,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. FUKOKU MUTUAL LIFE INSURANCE Co boosted its position in Viacom by 15.8% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,202 shares of the company’s stock valued at $103,000 after buying an additional 300 shares in the last quarter. Fifth Third Bancorp boosted its position in Viacom by 9.4% in the first quarter. Fifth Third Bancorp now owns 2,616 shares of the company’s stock valued at $122,000 after buying an additional 225 shares in the last quarter. First Personal Financial Services boosted its position in Viacom by 998.2% in the first quarter. First Personal Financial Services now owns 3,086 shares of the company’s stock valued at $144,000 after buying an additional 2,805 shares in the last quarter. Whittier Trust Co. boosted its position in Viacom by 80.6% in the first quarter. Whittier Trust Co. now owns 3,192 shares of the company’s stock valued at $149,000 after buying an additional 1,425 shares in the last quarter. Finally, First Mercantile Trust Co. boosted its position in Viacom by 56.9% in the first quarter. First Mercantile Trust Co. now owns 3,374 shares of the company’s stock valued at $157,000 after buying an additional 1,223 shares in the last quarter. 76.57% of the stock is owned by hedge funds and other institutional investors.
Viacom Inc. (NASDAQ VIAB) opened at 36.04 on Monday. The stock has a 50 day moving average of $34.78 and a 200-day moving average of $39.59. The stock has a market cap of $14.48 billion, a P/E ratio of 11.91 and a beta of 1.57. Viacom Inc. has a 52 week low of $32.68 and a 52 week high of $46.72.
Viacom (NASDAQ:VIAB) last posted its earnings results on Thursday, May 4th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.20. The firm had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.03 billion. Viacom had a net margin of 9.32% and a return on equity of 32.00%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.76 earnings per share. Analysts forecast that Viacom Inc. will post $3.87 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Tuesday, June 13th. Viacom’s dividend payout ratio (DPR) is presently 26.40%.
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Several research analysts recently issued reports on the stock. Royal Bank Of Canada cut their price target on shares of Viacom from $35.00 to $30.00 and set an “underperform” rating for the company in a report on Monday, May 15th. Cowen and Company reissued a “hold” rating and set a $41.00 price target on shares of Viacom in a report on Tuesday, July 11th. Morgan Stanley reissued an “overweight” rating on shares of Viacom in a report on Thursday, July 6th. BidaskClub cut shares of Viacom from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 5th. Finally, Deutsche Bank AG cut shares of Viacom from a “hold” rating to a “sell” rating in a report on Wednesday, May 10th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have given a buy rating to the stock. Viacom presently has an average rating of “Hold” and an average target price of $43.14.
Viacom Company Profile
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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