LS Investment Advisors LLC boosted its position in Viacom Inc. (NASDAQ:VIAB) by 24.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,504 shares of the company’s stock after buying an additional 4,026 shares during the period. LS Investment Advisors LLC’s holdings in Viacom were worth $688,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. FUKOKU MUTUAL LIFE INSURANCE Co increased its stake in shares of Viacom by 15.8% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,202 shares of the company’s stock worth $103,000 after buying an additional 300 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Viacom by 9.4% in the first quarter. Fifth Third Bancorp now owns 2,616 shares of the company’s stock worth $122,000 after buying an additional 225 shares in the last quarter. First Personal Financial Services increased its stake in shares of Viacom by 998.2% in the first quarter. First Personal Financial Services now owns 3,086 shares of the company’s stock worth $144,000 after buying an additional 2,805 shares in the last quarter. Whittier Trust Co. increased its stake in Viacom by 80.6% in the first quarter. Whittier Trust Co. now owns 3,192 shares of the company’s stock valued at $149,000 after buying an additional 1,425 shares during the period. Finally, First Mercantile Trust Co. increased its stake in Viacom by 56.9% in the first quarter. First Mercantile Trust Co. now owns 3,374 shares of the company’s stock valued at $157,000 after buying an additional 1,223 shares during the period. Institutional investors and hedge funds own 77.96% of the company’s stock.
Viacom Inc. (VIAB) traded down 2.12% during trading on Friday, hitting $28.59. 6,914,942 shares of the stock were exchanged. The stock has a market cap of $11.50 billion, a price-to-earnings ratio of 7.87 and a beta of 1.57. Viacom Inc. has a 1-year low of $28.48 and a 1-year high of $46.72. The firm’s 50 day moving average price is $33.28 and its 200-day moving average price is $38.56.
Viacom (NASDAQ:VIAB) last released its quarterly earnings data on Thursday, August 3rd. The company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.12. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.29 billion. Viacom had a return on equity of 30.89% and a net margin of 11.04%. Viacom’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $1.05 earnings per share. On average, analysts anticipate that Viacom Inc. will post $3.87 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Thursday, September 14th. Viacom’s dividend payout ratio is currently 21.98%.
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Several equities analysts have commented on VIAB shares. BidaskClub cut shares of Viacom from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 5th. Zacks Investment Research raised shares of Viacom from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Thursday, July 13th. Royal Bank Of Canada decreased their price objective on shares of Viacom from $35.00 to $30.00 and set an “underperform” rating for the company in a research report on Friday, May 5th. Pivotal Research reaffirmed a “hold” rating and set a $40.00 price objective on shares of Viacom in a research report on Sunday, April 23rd. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $52.00 price target on shares of Viacom in a research report on Thursday, August 3rd. Six investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $42.04.
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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