Daiwa Securities Group Inc. maintained its stake in Viacom Inc. (NASDAQ:VIAB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,271 shares of the company’s stock at the end of the second quarter. Daiwa Securities Group Inc.’s holdings in Viacom were worth $343,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in VIAB. AXA increased its stake in Viacom by 380.4% in the first quarter. AXA now owns 1,969,784 shares of the company’s stock worth $81,312,000 after buying an additional 1,559,774 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Viacom by 104.1% in the first quarter. Royal Bank of Canada now owns 1,074,641 shares of the company’s stock worth $44,362,000 after buying an additional 548,080 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Viacom by 49.0% in the first quarter. Prudential Financial Inc. now owns 1,483,137 shares of the company’s stock worth $61,224,000 after buying an additional 487,930 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Viacom by 4.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 11,026,497 shares of the company’s stock worth $455,174,000 after buying an additional 450,834 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Viacom during the first quarter worth about $18,260,000. 76.12% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Viacom Inc. (NASDAQ:VIAB) traded up 0.87% on Friday, hitting $38.10. 8,302,775 shares of the stock traded hands. The stock has a 50-day moving average price of $39.28 and a 200 day moving average price of $41.31. The stock has a market cap of $15.11 billion, a price-to-earnings ratio of 7.33 and a beta of 1.43. Viacom Inc. has a 12-month low of $30.11 and a 12-month high of $53.35.
Viacom (NASDAQ:VIAB) last posted its quarterly earnings results on Thursday, August 4th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The business earned $3.11 billion during the quarter, compared to analyst estimates of $3.01 billion. Viacom had a net margin of 15.85% and a return on equity of 46.74%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.47 earnings per share. On average, analysts anticipate that Viacom Inc. will post $3.64 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 22nd will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Thursday, September 22nd. Viacom’s dividend payout ratio (DPR) is 15.41%.
A number of brokerages have issued reports on VIAB. Loop Capital restated a “hold” rating and set a $39.00 target price (down previously from $41.00) on shares of Viacom in a research report on Friday. Vetr cut shares of Viacom from a “buy” rating to a “hold” rating and set a $44.78 target price for the company. in a research report on Wednesday, August 17th. Nomura began coverage on shares of Viacom in a research report on Wednesday, June 22nd. They set a “hold” rating for the company. BTIG Research upgraded shares of Viacom from a “neutral” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Thursday, June 16th. Finally, FBR & Co restated a “buy” rating on shares of Viacom in a research report on Monday, June 20th. Four investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $43.80.
Viacom Company Profile
Viacom Inc (Viacom) is an entertainment content company that connects with audiences in over 160 countries and territories and creates compelling television programs, motion pictures, short-form video, applications, games, consumer products, social media and other entertainment content. The Company operates through two segments: Media Networks and Filmed Entertainment.
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