ING Groep NV increased its stake in Viacom Inc. (NASDAQ:VIAB) by 19.1% during the second quarter, Holdings Channel reports. The fund owned 31,000 shares of the company’s stock after buying an additional 4,966 shares during the period. ING Groep NV’s holdings in Viacom were worth $1,285,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. boosted its position in Viacom by 2.4% in the second quarter. American Century Companies Inc. now owns 2,129,479 shares of the company’s stock valued at $88,309,000 after buying an additional 50,342 shares during the period. Candriam Luxembourg S.C.A. boosted its position in Viacom by 40.9% in the second quarter. Candriam Luxembourg S.C.A. now owns 350,198 shares of the company’s stock valued at $14,523,000 after buying an additional 101,678 shares during the period. Conning Inc. boosted its position in Viacom by 0.9% in the second quarter. Conning Inc. now owns 12,147 shares of the company’s stock valued at $504,000 after buying an additional 110 shares during the period. PGGM Investments boosted its position in Viacom by 336.8% in the second quarter. PGGM Investments now owns 1,004,717 shares of the company’s stock valued at $41,666,000 after buying an additional 774,693 shares during the period. Finally, Pitcairn Co. boosted its position in Viacom by 1.0% in the second quarter. Pitcairn Co. now owns 19,717 shares of the company’s stock valued at $818,000 after buying an additional 191 shares during the period. Institutional investors own 76.12% of the company’s stock.
Shares of Viacom Inc. (NASDAQ:VIAB) traded down 2.97% during midday trading on Thursday, hitting $36.62. The stock had a trading volume of 5,910,673 shares. The firm’s 50-day moving average price is $38.69 and its 200-day moving average price is $41.25. The stock has a market cap of $14.53 billion, a price-to-earnings ratio of 7.05 and a beta of 1.33. Viacom Inc. has a 1-year low of $30.11 and a 1-year high of $53.35.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Thursday, August 4th. The company reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.04. The company earned $3.11 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Viacom had a return on equity of 46.74% and a net margin of 15.85%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.47 earnings per share. Analysts forecast that Viacom Inc. will post $3.64 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 22nd were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Thursday, September 22nd. Viacom’s dividend payout ratio (DPR) is presently 15.41%.
Several equities analysts have recently weighed in on the company. Vetr cut Viacom from a “buy” rating to a “hold” rating and set a $44.78 price objective on the stock. in a report on Wednesday, August 17th. Nomura began coverage on Viacom in a research note on Wednesday, June 22nd. They issued a “hold” rating on the stock. BTIG Research upgraded Viacom from a “neutral” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Thursday, June 16th. FBR & Co restated a “buy” rating on shares of Viacom in a research note on Monday, June 20th. Finally, Royal Bank Of Canada upgraded Viacom from an “underperform” rating to a “sector perform” rating and boosted their target price for the company from $34.00 to $45.00 in a research note on Friday, June 17th. Four equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus 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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