Traders Sell Shares of Viacom (VIAB) on Strength (VIAB)

Investors sold shares of Viacom Inc (NASDAQ:VIAB) on strength during trading hours on Friday. $14.25 million flowed into the stock on the tick-up and $18.64 million flowed out of the stock on the tick-down, for a money net flow of $4.39 million out of the stock. Of all stocks tracked, Viacom had the 0th highest net out-flow for the day. Viacom traded up $0.13 for the day and closed at $30.90

A number of equities research analysts have issued reports on VIAB shares. BidaskClub upgraded Viacom from a “strong sell” rating to a “sell” rating in a research note on Friday, December 22nd. Loop Capital restated a “hold” rating and set a $28.00 price objective on shares of Viacom in a research note on Wednesday, December 27th. Macquarie cut shares of Viacom from a “neutral” rating to an “underperform” rating and set a $26.00 price objective on the stock. in a research note on Tuesday, January 2nd. Barrington Research cut shares of Viacom from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 2nd. Finally, Wells Fargo restated a “market perform” rating and set a $32.00 price objective (up from $25.00) on shares of Viacom in a research note on Thursday, January 4th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $35.36.

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The firm has a market capitalization of $12,380.03, a PE ratio of 8.20, a PEG ratio of 1.16 and a beta of 1.46. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.41 and a quick ratio of 1.14.

Viacom (NASDAQ:VIAB) last released its earnings results on Thursday, February 8th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.09. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.14 billion. Viacom had a return on equity of 26.28% and a net margin of 15.49%. Viacom’s revenue was down 7.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.04 earnings per share. research analysts predict that Viacom Inc will post 4.03 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 3rd. Investors of record on Thursday, March 15th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date was Wednesday, March 14th. Viacom’s payout ratio is currently 21.22%.

Large investors have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors increased its stake in Viacom by 51.5% in the 3rd quarter. Nationwide Fund Advisors now owns 222,460 shares of the company’s stock worth $6,193,000 after purchasing an additional 75,577 shares in the last quarter. Sei Investments Co. increased its stake in Viacom by 25.3% in the 3rd quarter. Sei Investments Co. now owns 35,735 shares of the company’s stock worth $995,000 after purchasing an additional 7,217 shares in the last quarter. New York State Common Retirement Fund increased its stake in Viacom by 12.8% in the 3rd quarter. New York State Common Retirement Fund now owns 1,077,100 shares of the company’s stock worth $29,986,000 after purchasing an additional 121,900 shares in the last quarter. WINTON GROUP Ltd increased its stake in Viacom by 19.0% in the 3rd quarter. WINTON GROUP Ltd now owns 14,308 shares of the company’s stock worth $398,000 after purchasing an additional 2,288 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Viacom by 30.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,816,999 shares of the company’s stock worth $106,266,000 after purchasing an additional 894,243 shares in the last quarter. 80.99% of the stock is currently owned by hedge funds and other institutional investors.

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Viacom Company Profile

Viacom, Inc operates media brands that create entertainment content worldwide. The company creates television programs, motion pictures, short-form content, games, consumer products, podcasts, live events, and social media experiences. It operates through two segments, Media Networks and Filmed Entertainment.

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