Gyroscope Capital Management Group LLC increased its position in shares of Viacom, Inc. (NASDAQ:VIAB) by 5.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 272,787 shares of the company’s stock after purchasing an additional 14,496 shares during the quarter. Viacom accounts for 2.5% of Gyroscope Capital Management Group LLC’s investment portfolio, making the stock its 22nd biggest holding. Gyroscope Capital Management Group LLC owned approximately 0.07% of Viacom worth $6,255,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. increased its position in Viacom by 786.0% during the second quarter. Bessemer Group Inc. now owns 4,368 shares of the company’s stock worth $130,000 after buying an additional 3,875 shares in the last quarter. Nomura Holdings Inc. increased its position in Viacom by 70.2% during the second quarter. Nomura Holdings Inc. now owns 469,244 shares of the company’s stock worth $14,287,000 after buying an additional 193,467 shares in the last quarter. Empirical Finance LLC increased its position in Viacom by 0.9% during the second quarter. Empirical Finance LLC now owns 86,807 shares of the company’s stock worth $2,593,000 after buying an additional 754 shares in the last quarter. Ballentine Partners LLC purchased a new position in Viacom during the second quarter worth $375,000. Finally, Qube Research & Technologies Ltd purchased a new position in Viacom during the second quarter worth $368,000. 76.55% of the stock is owned by hedge funds and other institutional investors.
VIAB has been the subject of several recent research reports. Guggenheim reissued a “buy” rating on shares of Viacom in a research report on Wednesday, September 4th. TheStreet downgraded Viacom from a “b-” rating to a “c+” rating in a research report on Tuesday, August 27th. Moffett Nathanson set a $34.00 price target on Viacom and gave the stock a “hold” rating in a research report on Monday, September 9th. ValuEngine raised Viacom from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Co initiated coverage on Viacom in a research report on Monday, September 23rd. They set an “underperform” rating and a $23.00 price target for the company. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $32.71.
Shares of NASDAQ:VIAB traded up $0.64 during midday trading on Friday, reaching $23.18. The company’s stock had a trading volume of 175,399 shares, compared to its average volume of 4,724,009. The firm has a market cap of $9.09 billion, a price-to-earnings ratio of 5.64, a price-to-earnings-growth ratio of 0.74 and a beta of 1.35. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.02. Viacom, Inc. has a 1 year low of $22.14 and a 1 year high of $33.92. The business has a 50 day moving average price of $24.76 and a 200 day moving average price of $28.24.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.20 EPS for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.14. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.33 billion. Viacom had a return on equity of 21.71% and a net margin of 12.68%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.18 earnings per share. Sell-side analysts anticipate that Viacom, Inc. will post 4.02 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend was Friday, September 13th. Viacom’s dividend payout ratio is currently 19.42%.
Viacom Company Profile
Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.
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