Viacom Inc. (NASDAQ:VIAB) Shares Bought by Louisiana State Employees Retirement System
Louisiana State Employees Retirement System raised its position in shares of Viacom Inc. (NASDAQ:VIAB) by 2.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,900 shares of the company’s stock after buying an additional 500 shares during the period. Louisiana State Employees Retirement System’s holdings in Viacom were worth $735,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Thrivent Financial for Lutherans boosted its position in shares of Viacom by 7.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 12,272 shares of the company’s stock valued at $431,000 after buying an additional 890 shares during the last quarter. Kentucky Retirement Systems purchased a new position in shares of Viacom during the fourth quarter valued at about $885,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Viacom during the fourth quarter valued at about $395,000. Macquarie Group Ltd. boosted its position in shares of Viacom by 55.6% in the fourth quarter. Macquarie Group Ltd. now owns 24,325 shares of the company’s stock valued at $853,000 after buying an additional 8,691 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its position in shares of Viacom by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 300,003 shares of the company’s stock valued at $13,987,000 after buying an additional 9,263 shares during the last quarter. Institutional investors own 77.33% of the company’s stock.
Shares of Viacom Inc. (NASDAQ:VIAB) traded down 13.83% during mid-day trading on Friday, hitting $30.22. The stock had a trading volume of 24,229,741 shares. The stock has a 50 day moving average price of $34.80 and a 200-day moving average price of $39.46. The company has a market cap of $12.14 billion, a PE ratio of 9.99 and a beta of 1.57. Viacom Inc. has a 52-week low of $30.21 and a 52-week high of $46.72.
Viacom (NASDAQ:VIAB) last released its quarterly earnings results on Thursday, August 3rd. The company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.12. The business had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.29 billion. Viacom had a return on equity of 32.45% and a net margin of 11.04%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 EPS. On average, equities analysts expect that Viacom Inc. will post $3.86 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Thursday, September 14th. Viacom’s dividend payout ratio is currently 21.98%.
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Several brokerages have recently issued reports on VIAB. Atlantic Securities cut Viacom from a “neutral” rating to an “underweight” rating and raised their price objective for the stock from $32.68 to $48.72 in a research note on Friday. Zacks Investment Research cut Viacom from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 27th. UBS AG reduced their price objective on Viacom from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Friday. BidaskClub upgraded Viacom from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Barclays PLC reduced their price objective on Viacom from $45.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $42.95.
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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