BlueCrest Capital Management Ltd Sells 123,730 Shares of Viacom Inc. (VIAB)

BlueCrest Capital Management Ltd trimmed its position in Viacom Inc. (NASDAQ:VIAB) by 86.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 19,877 shares of the company’s stock after selling 123,730 shares during the period. BlueCrest Capital Management Ltd’s holdings in Viacom were worth $667,000 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. Commonwealth Bank of Australia boosted its position in Viacom by 5.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 121,622 shares of the company’s stock valued at $4,081,000 after buying an additional 5,839 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new position in Viacom in the 2nd quarter valued at $22,120,000. Tobam bought a new position in Viacom in the 2nd quarter valued at $1,886,000. Andra AP fonden boosted its position in Viacom by 5.7% in the 2nd quarter. Andra AP fonden now owns 68,700 shares of the company’s stock valued at $2,306,000 after buying an additional 3,700 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its position in Viacom by 3.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 405,491 shares of the company’s stock valued at $13,612,000 after buying an additional 12,855 shares during the last quarter. Hedge funds and other institutional investors own 79.17% of the company’s stock.

Viacom Inc. (VIAB) opened at 26.00 on Monday. The company has a market cap of $10.46 billion, a PE ratio of 7.15 and a beta of 1.57. The firm’s 50-day moving average price is $27.44 and its 200-day moving average price is $34.04. Viacom Inc. has a 12-month low of $23.45 and a 12-month high of $46.72.

Viacom (NASDAQ:VIAB) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.12. Viacom had a net margin of 11.04% and a return on equity of 30.89%. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the prior year, the business earned $1.05 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. Equities research analysts forecast that Viacom Inc. will post $3.85 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.80 annualized dividend and a dividend yield of 3.08%. Viacom’s dividend payout ratio is currently 21.98%.

A number of brokerages have commented on VIAB. Cowen and Company reiterated a “hold” rating and issued a $41.00 price objective on shares of Viacom in a research report on Tuesday, July 11th. Zacks Investment Research lowered Viacom from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 3rd. BidaskClub upgraded Viacom from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Morgan Stanley reiterated an “overweight” rating on shares of Viacom in a research report on Thursday, July 6th. Finally, Barclays PLC reiterated a “neutral” rating on shares of Viacom in a research report on Monday, August 7th. Eight analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $39.92.

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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.

Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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