DekaBank Deutsche Girozentrale lowered its position in Viacom Inc. (NASDAQ:VIAB) by 72.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,583 shares of the company’s stock after selling 51,958 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Viacom were worth $619,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. Capital Management Associates NY acquired a new stake in Viacom during the 3rd quarter valued at $589,000. Wellington Shields Capital Management LLC grew its holdings in Viacom by 21.0% during the 3rd quarter. Wellington Shields Capital Management LLC now owns 40,341 shares of the company’s stock valued at $1,123,000 after buying an additional 7,006 shares during the last quarter. Rhumbline Advisers grew its holdings in Viacom by 1.0% during the 3rd quarter. Rhumbline Advisers now owns 587,293 shares of the company’s stock valued at $16,350,000 after buying an additional 5,994 shares during the last quarter. Toronto Dominion Bank grew its holdings in Viacom by 12.1% during the 3rd quarter. Toronto Dominion Bank now owns 133,776 shares of the company’s stock valued at $3,724,000 after buying an additional 14,489 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in Viacom by 12.8% during the 3rd quarter. New York State Common Retirement Fund now owns 1,077,100 shares of the company’s stock valued at $29,986,000 after buying an additional 121,900 shares during the last quarter. Hedge funds and other institutional investors own 76.33% of the company’s stock.
Viacom Inc. (NASDAQ VIAB) opened at $26.29 on Friday. 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 Inc. has a 52-week low of $22.13 and a 52-week high of $46.72. The company has a market capitalization of $10,572.50, a PE ratio of 6.97, a price-to-earnings-growth ratio of 0.92 and a beta of 1.54.
Viacom (NASDAQ:VIAB) last released its quarterly earnings data on Thursday, November 16th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.09). Viacom had a net margin of 14.13% and a return on equity of 28.95%. The company had revenue of $3.32 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same period last year, the business earned $1.54 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. equities research analysts anticipate that Viacom Inc. will post 3.78 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Thursday, December 14th. Viacom’s dividend payout ratio (DPR) is presently 17.13%.
VIAB has been the topic of a number of analyst reports. BidaskClub upgraded Viacom from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Jefferies Group LLC reiterated a “buy” rating and set a $52.00 target price on shares of Viacom in a report on Thursday, August 3rd. Atlantic Securities cut Viacom from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $45.00 to $30.00 in a report on Friday, August 4th. UBS AG lowered their target price on Viacom from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, August 4th. Finally, Barclays PLC set a $37.00 target price on Viacom and gave the company an “equal weight” rating in a report on Friday, August 4th. Six research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have issued a buy rating to the company. Viacom has a consensus rating of “Hold” and a consensus target price of $36.62.
Viacom Company Profile
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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