Viacom Inc. (VIAB) Stake Increased by National Pension Service
National Pension Service increased its position in shares of Viacom Inc. (NASDAQ:VIAB) by 10.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350,454 shares of the company’s stock after buying an additional 32,267 shares during the period. National Pension Service’s holdings in Viacom were worth $12,038,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of VIAB. Creative Planning raised its stake in Viacom by 220.4% in the second quarter. Creative Planning now owns 52,537 shares of the company’s stock worth $1,764,000 after buying an additional 36,142 shares during the last quarter. Bank of Montreal Can raised its stake in Viacom by 7.0% in the second quarter. Bank of Montreal Can now owns 193,788 shares of the company’s stock worth $6,507,000 after buying an additional 12,667 shares during the last quarter. Farmers Trust Co. raised its stake in Viacom by 33.2% in the second quarter. Farmers Trust Co. now owns 58,403 shares of the company’s stock worth $1,960,000 after buying an additional 14,569 shares during the last quarter. Xact Kapitalforvaltning AB raised its stake in Viacom by 1.8% in the second quarter. Xact Kapitalforvaltning AB now owns 53,856 shares of the company’s stock worth $1,808,000 after buying an additional 973 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in Viacom by 19.6% in the first quarter. Public Employees Retirement System of Ohio now owns 185,326 shares of the company’s stock worth $8,640,000 after buying an additional 30,325 shares during the last quarter. 76.62% of the stock is currently owned by institutional investors and hedge funds.
Shares of Viacom Inc. (VIAB) opened at 35.46 on Wednesday. The firm’s 50-day moving average price is $34.71 and its 200 day moving average price is $39.64. The company has a market cap of $14.25 billion, a P/E ratio of 11.72 and a beta of 1.57. Viacom Inc. has a 52 week low of $32.68 and a 52 week high of $46.72.
Viacom (NASDAQ:VIAB) last released its quarterly earnings results on Thursday, May 4th. The company reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.20. The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.03 billion. Viacom had a return on equity of 32.00% and a net margin of 9.32%. Viacom’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.76 EPS. On average, equities analysts predict that Viacom Inc. will post $3.87 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Thursday, June 15th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.80 dividend on an annualized basis and a yield of 2.26%. Viacom’s dividend payout ratio (DPR) is presently 26.40%.
A number of research firms recently commented on VIAB. BidaskClub raised Viacom from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 13th. Zacks Investment Research raised Viacom from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Thursday, July 13th. Cowen and Company reaffirmed a “hold” rating and set a $41.00 price objective on shares of Viacom in a research note on Tuesday, July 11th. Morgan Stanley reaffirmed an “overweight” rating on shares of Viacom in a research note on Thursday, July 6th. Finally, Sanford C. Bernstein reaffirmed an “underperform” rating and set a $29.00 price objective on shares of Viacom in a research note on Friday, June 16th. Five equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $43.14.
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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