Capital Guardian Trust Co. Has $217,000 Holdings in Viacom Inc. (VIAB)
Capital Guardian Trust Co. raised its position in shares of Viacom Inc. (NASDAQ:VIAB) by 2.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,460 shares of the company’s stock after buying an additional 168 shares during the period. Capital Guardian Trust Co.’s holdings in Viacom were worth $217,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Commonwealth Bank of Australia lifted its holdings in Viacom by 5.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 121,622 shares of the company’s stock worth $4,081,000 after buying an additional 5,839 shares during the period. Thompson Siegel & Walmsley LLC bought a new stake in shares of Viacom in the 2nd quarter worth approximately $22,120,000. Tobam bought a new stake in shares of Viacom in the 2nd quarter worth approximately $1,886,000. Andra AP fonden grew its position in shares of Viacom by 5.7% in the 2nd quarter. Andra AP fonden now owns 68,700 shares of the company’s stock worth $2,306,000 after buying an additional 3,700 shares during the last quarter. Finally, LMR Partners LLP bought a new stake in shares of Viacom in the 1st quarter worth approximately $874,000. 79.18% of the stock is owned by institutional investors and hedge funds.
Viacom Inc. (NASDAQ VIAB) traded up 0.47% on Wednesday, hitting $27.68. The stock had a trading volume of 492,808 shares. The company has a 50-day moving average price of $28.12 and a 200 day moving average price of $35.05. Viacom Inc. has a 52-week low of $26.65 and a 52-week high of $46.72. The firm has a market cap of $11.13 billion, a PE ratio of 7.62 and a beta of 1.57.
Viacom (NASDAQ:VIAB) last released its quarterly earnings results on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. Viacom had a return on equity of 30.89% and a net margin of 11.04%. The company had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.29 billion. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the business posted $1.05 earnings per share. Equities analysts forecast that Viacom Inc. will post $3.86 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.90%. Viacom’s payout ratio is 21.98%.
A number of analysts recently commented on VIAB shares. UBS AG dropped their price target on Viacom from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, August 4th. Jefferies Group LLC reissued a “buy” rating and set a $52.00 price objective on shares of Viacom in a research report on Thursday, August 3rd. Morgan Stanley reissued an “overweight” rating on shares of Viacom in a research report on Thursday, July 6th. BidaskClub upgraded shares of Viacom from a “strong sell” rating to a “sell” rating in a report on Thursday, July 13th. Finally, Barclays PLC restated a “neutral” rating on shares of Viacom in a report on Monday, August 7th. Seven investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $41.72.
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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