Viacom Inc. (NASDAQ:VIAB) Shares Bought by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado increased its position in Viacom Inc. (NASDAQ:VIAB) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,200 shares of the company’s stock after buying an additional 120 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Viacom were worth $2,222,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. Strs Ohio increased its stake in Viacom by 11.9% in the second quarter. Strs Ohio now owns 229,539 shares of the company’s stock worth $7,705,000 after buying an additional 24,500 shares during the period. Moody Lynn & Lieberson LLC bought a new stake in Viacom during the second quarter worth about $6,759,000. Campbell & CO Investment Adviser LLC bought a new stake in Viacom during the second quarter worth about $662,000. Wellington Shields Capital Management LLC increased its stake in Viacom by 131.0% in the second quarter. Wellington Shields Capital Management LLC now owns 33,335 shares of the company’s stock worth $1,119,000 after buying an additional 18,904 shares during the period. Finally, Wellington Shields & Co. LLC bought a new stake in Viacom during the second quarter worth about $536,000. Institutional investors and hedge funds own 77.38% of the company’s stock.
Shares of Viacom Inc. (NASDAQ VIAB) opened at 30.17 on Thursday. Viacom Inc. has a 12 month low of $29.65 and a 12 month high of $46.72. The firm’s 50-day moving average is $34.25 and its 200 day moving average is $39.12. The company has a market capitalization of $12.12 billion, a price-to-earnings ratio of 9.97 and a beta of 1.57.
Viacom (NASDAQ:VIAB) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.12. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.29 billion. Viacom had a return on equity of 30.89% and a net margin of 11.04%. Viacom’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the company earned $1.05 earnings per share. Equities analysts expect that Viacom Inc. will post $3.87 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be given a $0.20 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.65%. Viacom’s dividend payout ratio is presently 21.98%.
A number of analysts recently issued reports on the stock. BMO Capital Markets restated a “market perform” rating and set a $35.00 price objective (down previously from $42.00) on shares of Viacom in a report on Wednesday. Jefferies Group LLC restated a “buy” rating and set a $43.00 price objective (down previously from $52.00) on shares of Viacom in a report on Wednesday. Royal Bank Of Canada restated an “underperform” rating and set a $30.00 price objective (down previously from $35.00) on shares of Viacom in a report on Wednesday. Barclays PLC restated a “neutral” rating on shares of Viacom in a report on Monday. Finally, UBS AG decreased their price objective on shares of Viacom from $50.00 to $45.00 and set a “buy” rating for the company in a report on Friday, August 4th. Five research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $42.14.
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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