TIAA CREF Investment Management LLC lowered its position in shares of Viacom Inc (NASDAQ:VIA) by 5.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 28,826 shares of the company’s stock after selling 1,803 shares during the period. TIAA CREF Investment Management LLC’s holdings in Viacom were worth $1,006,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Pinebridge Investments L.P. bought a new position in shares of Viacom during the fourth quarter worth about $190,000. Berkshire Asset Management LLC PA bought a new position in Viacom in the 4th quarter valued at about $202,000. California Public Employees Retirement System bought a new position in Viacom in the 3rd quarter valued at about $215,000. Stone Ridge Asset Management LLC bought a new position in Viacom in the 4th quarter valued at about $210,000. Finally, Deutsche Bank AG grew its position in Viacom by 58.3% in the 4th quarter. Deutsche Bank AG now owns 7,170 shares of the company’s stock valued at $248,000 after buying an additional 2,642 shares in the last quarter. Institutional investors and hedge funds own 2.32% of the company’s stock.
Shares of VIA opened at $34.60 on Wednesday. The stock has a market capitalization of $14.17 billion, a P/E ratio of 9.05 and a beta of 1.27. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.53 and a quick ratio of 1.24. Viacom Inc has a 52-week low of $28.20 and a 52-week high of $42.55.
Viacom (NASDAQ:VIA) last announced its earnings results on Wednesday, April 25th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.13. Viacom had a net margin of 16.74% and a return on equity of 24.97%. The firm had revenue of $3.15 billion during the quarter.
Separately, Rosenblatt Securities reiterated a “sell” rating and issued a $45.00 target price on shares of Viacom in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $39.00.
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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