Dynamic Technology Lab Private Ltd purchased a new position in Viacom Inc. (NASDAQ:VIAB) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 23,700 shares of the company’s stock, valued at approximately $795,000.
A number of other institutional investors and hedge funds have also made changes to their positions in VIAB. Vanguard Group Inc. boosted its stake in shares of Viacom by 28.9% during the second quarter. Vanguard Group Inc. now owns 28,964,262 shares of the company’s stock valued at $972,330,000 after purchasing an additional 6,496,269 shares during the period. BlackRock Inc. boosted its stake in shares of Viacom by 6.4% during the second quarter. BlackRock Inc. now owns 22,863,371 shares of the company’s stock valued at $767,522,000 after purchasing an additional 1,377,520 shares during the period. State Street Corp boosted its stake in shares of Viacom by 1.4% during the first quarter. State Street Corp now owns 15,523,719 shares of the company’s stock valued at $723,729,000 after purchasing an additional 207,253 shares during the period. FMR LLC boosted its stake in shares of Viacom by 17.3% during the second quarter. FMR LLC now owns 10,918,953 shares of the company’s stock valued at $366,551,000 after purchasing an additional 1,607,844 shares during the period. Finally, Capital International Investors boosted its stake in shares of Viacom by 19.1% during the second quarter. Capital International Investors now owns 7,343,721 shares of the company’s stock valued at $246,529,000 after purchasing an additional 1,178,200 shares during the period. Institutional investors own 79.17% of the company’s stock.
Shares of Viacom Inc. (NASDAQ VIAB) traded down 4.051% on Friday, reaching $24.275. The company’s stock had a trading volume of 2,265,360 shares. Viacom Inc. has a 1-year low of $23.45 and a 1-year high of $46.72. The company has a 50 day moving average of $26.94 and a 200 day moving average of $33.00. The stock has a market capitalization of $9.76 billion, a P/E ratio of 6.680 and a beta of 1.57.
Viacom (NASDAQ:VIAB) last posted its earnings results on Thursday, August 3rd. The company reported $1.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.12. Viacom had a return on equity of 30.89% and a net margin of 11.04%. The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same period last year, the company earned $1.05 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. Equities research analysts expect that Viacom Inc. will post $3.84 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were paid a $0.20 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.16%. Viacom’s payout ratio is presently 21.98%.
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A number of analysts recently weighed in on the stock. Cowen and Company reaffirmed a “hold” rating on shares of Viacom in a research note on Friday. Deutsche Bank AG lowered their price objective on shares of Viacom to $25.00 and set a “sell” rating for the company in a research note on Monday. Barclays PLC set a $32.00 price objective on shares of Viacom and gave the stock a “hold” rating in a research note on Friday, October 20th. BMO Capital Markets reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Viacom in a research note on Wednesday, October 18th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Viacom in a report on Friday, October 13th. Eight investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company’s stock. Viacom currently has an average rating of “Hold” and a consensus target price of $39.00.
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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