Two Sigma Securities LLC bought a new stake in shares of Viacom, Inc. (NASDAQ:VIAB) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,303 shares of the company’s stock, valued at approximately $471,000.
Several other institutional investors have also made changes to their positions in VIAB. Nationwide Fund Advisors increased its position in shares of Viacom by 51.5% during the 3rd quarter. Nationwide Fund Advisors now owns 222,460 shares of the company’s stock valued at $6,193,000 after purchasing an additional 75,577 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Viacom during the 3rd quarter valued at $620,000. Victory Capital Management Inc. increased its position in shares of Viacom by 31.0% during the 3rd quarter. Victory Capital Management Inc. now owns 167,870 shares of the company’s stock valued at $4,674,000 after purchasing an additional 39,739 shares during the last quarter. Swiss National Bank increased its position in shares of Viacom by 2.6% during the 3rd quarter. Swiss National Bank now owns 1,298,670 shares of the company’s stock valued at $36,155,000 after purchasing an additional 32,600 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of Viacom by 25.3% during the 3rd quarter. Sei Investments Co. now owns 35,735 shares of the company’s stock valued at $995,000 after purchasing an additional 7,217 shares during the last quarter. 81.00% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on VIAB shares. UBS Group cut their price target on Viacom from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, November 17th. Bank of America cut their price target on Viacom from $44.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, November 17th. ValuEngine upgraded Viacom from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded Viacom from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Tuesday, February 13th. Finally, KeyCorp reiterated a “hold” rating on shares of Viacom in a research note on Friday, November 24th. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the company. Viacom currently has an average rating of “Hold” and a consensus price target of $35.36.
Shares of Viacom, Inc. (NASDAQ VIAB) opened at $32.80 on Wednesday. Viacom, Inc. has a 1-year low of $22.13 and a 1-year high of $46.72. The firm has a market capitalization of $13,204.83, a PE ratio of 8.73, a price-to-earnings-growth ratio of 0.95 and a beta of 1.47. The company has a quick ratio of 1.14, a current ratio of 1.41 and a debt-to-equity ratio of 1.52.
Viacom (NASDAQ:VIAB) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.09. Viacom had a return on equity of 26.28% and a net margin of 15.49%. The firm had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter last year, the firm posted $1.04 EPS. The company’s revenue was down 7.6% compared to the same quarter last year. equities research analysts forecast that Viacom, Inc. will post 4.04 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Thursday, March 15th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.44%. Viacom’s payout ratio is currently 16.00%.
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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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