Stifel Financial Corp lowered its stake in shares of Viacom Inc. (NASDAQ:VIAB) by 91.5% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 45,443 shares of the company’s stock after selling 486,437 shares during the period. Stifel Financial Corp’s holdings in Viacom were worth $1,526,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Commonwealth Bank of Australia increased its stake in Viacom by 5.0% in the second quarter. Commonwealth Bank of Australia now owns 121,622 shares of the company’s stock valued at $4,081,000 after acquiring an additional 5,839 shares during the period. Thompson Siegel & Walmsley LLC bought a new stake in Viacom in the second quarter valued at about $22,120,000. Tobam bought a new stake in Viacom in the second quarter valued at about $1,886,000. Andra AP fonden increased its stake in Viacom by 5.7% in the second quarter. Andra AP fonden now owns 68,700 shares of the company’s stock valued at $2,306,000 after acquiring an additional 3,700 shares during the period. Finally, Neuberger Berman Group LLC increased its stake in Viacom by 3.3% in the second quarter. Neuberger Berman Group LLC now owns 405,491 shares of the company’s stock valued at $13,612,000 after acquiring an additional 12,855 shares during the period. 79.17% of the stock is currently owned by institutional investors and hedge funds.
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A number of research firms recently weighed in on VIAB. Royal Bank Of Canada reissued an “underperform” rating and issued a $30.00 target price (down previously from $35.00) on shares of Viacom in a research note on Wednesday, August 9th. BMO Capital Markets reissued a “market perform” rating and issued a $35.00 target price (down previously from $42.00) on shares of Viacom in a research note on Wednesday, August 9th. Jefferies Group LLC reissued a “buy” rating and issued a $43.00 target price (down previously from $52.00) on shares of Viacom in a research note on Wednesday, August 9th. Cowen and Company reissued a “hold” rating on shares of Viacom in a research note on Friday. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $40.00 target price on shares of Viacom in a research note on Tuesday, September 26th. Eight research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company. Viacom presently has an average rating of “Hold” and an average target price of $39.00.
Viacom Inc. (NASDAQ:VIAB) opened at 24.66 on Friday. Viacom Inc. has a one year low of $23.45 and a one year high of $46.72. The firm has a market capitalization of $9.92 billion, a price-to-earnings ratio of 6.79 and a beta of 1.57. The company has a 50-day moving average of $26.94 and a 200 day moving average of $33.00.
Viacom (NASDAQ:VIAB) last posted its earnings results on Thursday, August 3rd. The company reported $1.17 earnings per share for the quarter, topping the Zacks’ 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 period in the previous year, the firm posted $1.05 EPS. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, analysts anticipate that Viacom Inc. will post $3.84 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were given 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 3.24%. Viacom’s dividend payout ratio (DPR) is currently 21.98%.
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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