Mariner Wealth Advisors LLC Continues to Hold Position in Viacom Inc. (VIAB)
Mariner Wealth Advisors LLC held its position in shares of Viacom Inc. (NASDAQ:VIAB) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 72,977 shares of the company’s stock at the end of the 2nd quarter. Mariner Wealth Advisors LLC’s holdings in Viacom were worth $2,450,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Viacom by 28.9% during the 2nd quarter. Vanguard Group Inc. now owns 28,964,262 shares of the company’s stock worth $972,330,000 after buying an additional 6,496,269 shares during the period. BlackRock Inc. boosted its position in Viacom by 6.4% during the 2nd quarter. BlackRock Inc. now owns 22,863,371 shares of the company’s stock worth $767,522,000 after buying an additional 1,377,520 shares during the period. Wellington Management Group LLP boosted its position in Viacom by 3,113.9% during the 1st 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 period. State Street Corp boosted its position in Viacom by 1.4% during the 1st 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 period. Finally, FMR LLC boosted its position in Viacom by 17.3% during the 2nd quarter. FMR LLC now owns 10,918,953 shares of the company’s stock worth $366,551,000 after buying an additional 1,607,844 shares during the period. Institutional investors and hedge funds own 79.18% of the company’s stock.
Viacom Inc. (VIAB) traded up 0.88% during mid-day trading on Friday, reaching $27.64. 2,220,638 shares of the company traded hands. The company’s 50-day moving average is $29.28 and its 200-day moving average is $36.20. Viacom Inc. has a 12-month low of $26.65 and a 12-month high of $46.72. The stock has a market capitalization of $11.12 billion, a price-to-earnings ratio of 7.61 and a beta of 1.59.
Viacom (NASDAQ:VIAB) last posted its quarterly earnings data 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 business 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%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.05 earnings per share. Equities analysts predict that Viacom Inc. will post $3.87 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be issued 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 2.89%. Viacom’s dividend payout ratio (DPR) is 21.98%.
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VIAB has been the topic of several recent research reports. ValuEngine downgraded shares of Viacom from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Royal Bank Of Canada reiterated a “sell” rating and set a $30.00 target price on shares of Viacom in a research report on Tuesday, June 6th. J P Morgan Chase & Co reiterated an “overweight” rating and set a $48.00 target price on shares of Viacom in a research report on Monday, June 12th. BidaskClub upgraded shares of Viacom from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Finally, Sanford C. Bernstein restated an “underperform” rating and set a $29.00 price target on shares of Viacom in a report on Friday, June 16th. Six analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $42.08.
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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