Commerce Bank Sells 772 Shares of Viacom Inc. (VIAB)
Commerce Bank trimmed its holdings in shares of Viacom Inc. (NASDAQ:VIAB) by 10.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,300 shares of the company’s stock after selling 772 shares during the period. Commerce Bank’s holdings in Viacom were worth $211,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. raised its stake in shares of Viacom by 3,068.5% during the first quarter. BlackRock Inc. now owns 21,485,851 shares of the company’s stock worth $1,001,671,000 after buying an additional 20,807,733 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Viacom by 3,113.9% during the first quarter. Wellington Management Group LLP now owns 20,233,146 shares of the company’s stock worth $943,269,000 after buying an additional 19,603,597 shares during the last quarter. State Street Corp raised its stake in shares of Viacom by 1.4% during the first quarter. State Street Corp now owns 15,523,719 shares of the company’s stock worth $723,729,000 after buying an additional 207,253 shares during the last quarter. FMR LLC raised its stake in shares of Viacom by 36.1% during the first quarter. FMR LLC now owns 9,311,109 shares of the company’s stock worth $434,084,000 after buying an additional 2,467,925 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in shares of Viacom by 23.4% during the first quarter. TIAA CREF Investment Management LLC now owns 4,752,876 shares of the company’s stock worth $221,579,000 after buying an additional 900,264 shares during the last quarter. 79.17% of the stock is owned by institutional investors and hedge funds.
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Viacom Inc. (NASDAQ VIAB) opened at 27.91 on Thursday. The company’s 50-day moving average is $30.37 and its 200 day moving average is $36.76. Viacom Inc. has a one year low of $26.65 and a one year high of $46.72. The firm has a market cap of $11.22 billion, a PE ratio of 7.68 and a beta of 1.59.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.12. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.29 billion. Viacom had a net margin of 11.04% and a return on equity of 30.89%. Viacom’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.05 EPS. Equities analysts anticipate that Viacom Inc. will post $3.87 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.87%. Viacom’s dividend payout ratio (DPR) is presently 21.98%.
A number of equities research analysts recently weighed in on the stock. Needham & Company LLC reissued a “hold” rating on shares of Viacom in a research note on Tuesday. Sanford C. Bernstein reaffirmed an “underperform” rating on shares of Viacom in a research note on Tuesday. Wells Fargo & Company downgraded shares of Viacom from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 5th. KeyCorp reaffirmed a “hold” rating on shares of Viacom in a research note on Friday, August 25th. Finally, BidaskClub downgraded shares of Viacom from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Six research analysts have rated the stock with a sell rating, seventeen have given a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $42.04.
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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