DekaBank Deutsche Girozentrale reduced its position in Viacom, Inc. (NASDAQ:VIAB) by 72.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,583 shares of the company’s stock after selling 51,958 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Viacom were worth $619,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in VIAB. Bank of Montreal Can raised its stake in shares of Viacom by 7.0% during the second quarter. Bank of Montreal Can now owns 193,788 shares of the company’s stock worth $6,507,000 after purchasing an additional 12,667 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in Viacom by 2.3% in the second quarter. Louisiana State Employees Retirement System now owns 21,900 shares of the company’s stock valued at $735,000 after purchasing an additional 500 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Viacom in the second quarter valued at $662,000. Moody Lynn & Lieberson LLC acquired a new stake in Viacom in the second quarter valued at $6,759,000. Finally, Strs Ohio grew its holdings in Viacom by 11.9% in the second quarter. Strs Ohio now owns 229,539 shares of the company’s stock valued at $7,705,000 after purchasing an additional 24,500 shares during the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.
Viacom, Inc. (NASDAQ:VIAB) opened at $29.18 on Tuesday. The company has a market capitalization of $11,424.10, a PE ratio of 7.53, a price-to-earnings-growth ratio of 1.00 and a beta of 1.60. Viacom, Inc. has a 52 week low of $22.13 and a 52 week high of $46.72. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.55 and a quick ratio of 1.30.
Viacom (NASDAQ:VIAB) last released its quarterly earnings results on Thursday, November 16th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.09). The company had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.23 billion. Viacom had a return on equity of 28.95% and a net margin of 14.13%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.54 EPS. equities research analysts forecast that Viacom, Inc. will post 3.78 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.74%. Viacom’s dividend payout ratio is presently 17.13%.
A number of analysts recently commented on the company. BMO Capital Markets reaffirmed a “market perform” rating and set a $35.00 price objective (down previously from $42.00) on shares of Viacom in a research note on Wednesday, August 9th. Jefferies Group reissued a “buy” rating and issued a $43.00 price target (down from $52.00) on shares of Viacom in a research note on Wednesday, August 9th. Royal Bank Of Canada restated an “underperform” rating and issued a $30.00 price objective (down from $35.00) on shares of Viacom in a report on Wednesday, August 9th. Barclays restated a “neutral” rating on shares of Viacom in a report on Monday, August 7th. Finally, BidaskClub downgraded Viacom from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Six investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $36.62.
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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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