Dupont Capital Management Corp Sells 6,855 Shares of Viacom, Inc. (VIAB)

Dupont Capital Management Corp reduced its position in Viacom, Inc. (NASDAQ:VIAB) by 10.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 57,080 shares of the company’s stock after selling 6,855 shares during the quarter. Dupont Capital Management Corp’s holdings in Viacom were worth $1,602,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Viacom by 1.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 280,628 shares of the company’s stock valued at $7,877,000 after purchasing an additional 3,478 shares in the last quarter. Atlas Capital Advisors LLC increased its stake in shares of Viacom by 7.5% during the 1st quarter. Atlas Capital Advisors LLC now owns 11,247 shares of the company’s stock valued at $316,000 after acquiring an additional 783 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Viacom by 158.2% during the 1st quarter. Quadrant Capital Group LLC now owns 3,468 shares of the company’s stock valued at $91,000 after acquiring an additional 2,125 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Viacom by 8.0% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 92,683 shares of the company’s stock valued at $2,602,000 after acquiring an additional 6,898 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Viacom by 9.2% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 47,434 shares of the company’s stock valued at $1,331,000 after acquiring an additional 3,992 shares during the last quarter. 80.89% of the stock is currently owned by institutional investors.

VIAB has been the subject of a number of research analyst reports. BidaskClub raised shares of Viacom from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 6th. Zacks Investment Research downgraded shares of Viacom from a “hold” rating to a “sell” rating in a research note on Saturday, January 26th. ValuEngine raised shares of Viacom from a “sell” rating to a “hold” rating in a research note on Thursday, February 7th. Societe Generale downgraded shares of Viacom from a “buy” rating to a “hold” rating in a research note on Thursday, January 24th. Finally, Imperial Capital raised shares of Viacom from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $30.00 to $37.00 in a research note on Friday, January 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $34.57.

VIAB opened at $28.71 on Tuesday. The company has a market cap of $11.57 billion, a P/E ratio of 6.97, a price-to-earnings-growth ratio of 0.84 and a beta of 1.45. Viacom, Inc. has a 1 year low of $23.31 and a 1 year high of $34.44. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.31 and a quick ratio of 1.10.

Viacom (NASDAQ:VIAB) last posted its earnings results on Tuesday, February 5th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.10. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.12 billion. Viacom had a net margin of 11.60% and a return on equity of 23.34%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS. On average, analysts expect that Viacom, Inc. will post 4.2 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of United States and international copyright legislation. The legal version of this piece of content can be read at https://www.thelincolnianonline.com/2019/05/07/dupont-capital-management-corp-sells-6855-shares-of-viacom-inc-viab.html.

Viacom Profile

Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.

Read More: Moving Average (MA)

Want to see what other hedge funds are holding VIAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viacom, Inc. (NASDAQ:VIAB).

Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

Receive News & Ratings for Viacom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom and related companies with MarketBeat.com's FREE daily email newsletter.