Public Employees Retirement System of Ohio lowered its holdings in shares of Viacom, Inc. (NASDAQ:VIAB) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,264 shares of the company’s stock after selling 4,698 shares during the period. Public Employees Retirement System of Ohio’s holdings in Viacom were worth $4,239,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Wall Street Access Asset Management LLC lifted its stake in shares of Viacom by 1.1% in the second quarter. Wall Street Access Asset Management LLC now owns 6,315 shares of the company’s stock worth $212,000 after buying an additional 70 shares in the last quarter. Moors & Cabot Inc. lifted its position in Viacom by 0.7% during the second quarter. Moors & Cabot Inc. now owns 20,990 shares of the company’s stock valued at $703,000 after purchasing an additional 149 shares during the period. Capital Guardian Trust Co. lifted its position in Viacom by 2.7% during the second quarter. Capital Guardian Trust Co. now owns 6,460 shares of the company’s stock valued at $217,000 after purchasing an additional 168 shares during the period. Empirical Finance LLC lifted its position in Viacom by 0.9% during the second quarter. Empirical Finance LLC now owns 23,107 shares of the company’s stock valued at $776,000 after purchasing an additional 213 shares during the period. Finally, Sentry Investment Management LLC lifted its position in Viacom by 1.1% during the second quarter. Sentry Investment Management LLC now owns 26,322 shares of the company’s stock valued at $884,000 after purchasing an additional 290 shares during the period. 79.20% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on VIAB. Cowen reduced their price objective on shares of Viacom from $41.00 to $31.00 in a research note on Tuesday, September 19th. Loop Capital reissued a “hold” rating and issued a $32.00 price objective (down from $36.00) on shares of Viacom in a research note on Monday, September 25th. Piper Jaffray Companies reissued a “hold” rating and issued a $40.00 price objective on shares of Viacom in a research note on Tuesday, September 26th. Zacks Investment Research cut shares of Viacom from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 3rd. Finally, Guggenheim reissued a “buy” rating and issued a $37.00 price objective (down from $40.00) on shares of Viacom in a research note on Friday, October 6th. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $35.04.
Shares of Viacom, Inc. (NASDAQ VIAB) opened at $30.81 on Friday. The stock has a market cap of $12,620.00, a PE ratio of 6.61, a PEG ratio of 1.03 and a beta of 1.60. The company has a quick ratio of 1.30, a current ratio of 1.55 and a debt-to-equity ratio of 1.81. Viacom, Inc. has a twelve month low of $22.13 and a twelve month high of $46.72.
Viacom (NASDAQ:VIAB) last released its earnings results on Thursday, November 16th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.09). The firm had revenue of $3.32 billion during 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%. Viacom’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.54 EPS. research analysts expect that Viacom, Inc. will post 3.77 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.60%. The ex-dividend date was Thursday, December 14th. Viacom’s dividend payout ratio is presently 17.17%.
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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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