Verition Fund Management LLC purchased a new position in shares of Viacom, Inc. (NASDAQ:VIAB) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 21,311 shares of the company’s stock, valued at approximately $719,000.
Several other institutional investors have also recently modified their holdings of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of Viacom by 36,808.3% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,429 shares of the company’s stock worth $134,000 after purchasing an additional 4,417 shares in the last quarter. Ancora Advisors LLC purchased a new position in Viacom during the third quarter valued at approximately $169,000. Baird Financial Group Inc. purchased a new position in Viacom during the third quarter valued at approximately $201,000. Commerce Bank purchased a new position in Viacom during the third quarter valued at approximately $210,000. Finally, WINTON GROUP Ltd purchased a new position in Viacom during the third quarter valued at approximately $212,000. 78.70% of the stock is owned by institutional investors.
Several equities analysts recently commented on the stock. BidaskClub raised shares of Viacom from a “sell” rating to a “hold” rating in a research note on Saturday. ValuEngine raised shares of Viacom from a “sell” rating to a “hold” rating in a research note on Tuesday, November 20th. Pivotal Research upgraded shares of Viacom from a “hold” rating to a “buy” rating and lifted their target price for the company from $33.00 to $36.00 in a research report on Tuesday. Zacks Investment Research lowered shares of Viacom from a “buy” rating to a “hold” rating in a research report on Monday, October 15th. Finally, Barrington Research reiterated a “hold” rating on shares of Viacom in a research report on Monday, November 19th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $34.60.
NASDAQ:VIAB traded down $0.40 during midday trading on Wednesday, reaching $29.59. 2,695,100 shares of the stock traded hands, compared to its average volume of 4,032,527. Viacom, Inc. has a 12 month low of $23.31 and a 12 month high of $34.58. The company has a quick ratio of 1.28, a current ratio of 1.50 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $12.04 billion, a P/E ratio of 7.18, a P/E/G ratio of 1.10 and a beta of 1.41.
Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Friday, November 16th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.04. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.37 billion. Viacom had a net margin of 13.28% and a return on equity of 23.68%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 EPS. As a group, analysts anticipate that Viacom, Inc. will post 4.24 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 2nd. Shareholders of record on Monday, December 17th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend was Friday, December 14th. Viacom’s payout ratio is currently 19.42%.
Viacom Company 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.
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