Viacom, Inc. (VIAB) Position Raised by BT Investment Management Ltd
BT Investment Management Ltd increased its holdings in shares of Viacom, Inc. (NASDAQ:VIAB) by 77.0% in the 4th quarter, Holdings Channel reports. The firm owned 183,093 shares of the company’s stock after acquiring an additional 79,637 shares during the quarter. BT Investment Management Ltd’s holdings in Viacom were worth $5,641,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of VIAB. Thrivent Financial For Lutherans lifted its stake in Viacom by 3.5% during the second quarter. Thrivent Financial For Lutherans now owns 13,422 shares of the company’s stock worth $450,000 after purchasing an additional 450 shares during the last quarter. Numeric Investors LLC purchased a new stake in Viacom during the second quarter worth approximately $957,000. Macquarie Group Ltd. lifted its stake in Viacom by 172.1% during the second quarter. Macquarie Group Ltd. now owns 36,681 shares of the company’s stock worth $1,231,000 after purchasing an additional 23,200 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Viacom by 391.8% during the second quarter. Janus Henderson Group PLC now owns 201,571 shares of the company’s stock worth $6,767,000 after purchasing an additional 160,584 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Viacom by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 681,199 shares of the company’s stock worth $22,868,000 after purchasing an additional 45,628 shares during the last quarter. Hedge funds and other institutional investors own 78.74% of the company’s stock.
Several equities research analysts recently weighed in on the company. B. Riley restated a “neutral” rating on shares of Viacom in a research note on Wednesday, November 1st. Guggenheim restated a “hold” rating and set a $35.00 target price on shares of Viacom in a research note on Friday. Pivotal Research restated a “hold” rating and set a $30.00 target price (up previously from $27.00) on shares of Viacom in a research note on Tuesday, January 9th. Barclays set a $33.00 target price on Viacom and gave the stock a “hold” rating in a research note on Tuesday, January 23rd. Finally, ValuEngine cut Viacom from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Eight investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have issued a buy rating to the company. Viacom currently has a consensus rating of “Hold” and an average target price of $35.22.
Viacom (NASDAQ:VIAB) last released its earnings results on Thursday, February 8th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.09. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.14 billion. Viacom had a return on equity of 28.95% and a net margin of 14.13%. The company’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 earnings per share. equities analysts expect that Viacom, Inc. will post 3.85 EPS for the current year.
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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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