Tokio Marine Asset Management Co. Ltd. cut its position in Viacom Inc. (NASDAQ:VIAB) by 6.3% during the second quarter, Holdings Channel reports. The firm owned 12,081 shares of the company’s stock after selling 810 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Viacom were worth $501,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of VIAB. Conning Inc. boosted its position in shares of Viacom by 0.9% in the second quarter. Conning Inc. now owns 12,147 shares of the company’s stock worth $504,000 after buying an additional 110 shares in the last quarter. Pitcairn Co. boosted its position in shares of Viacom by 1.0% in the second quarter. Pitcairn Co. now owns 19,717 shares of the company’s stock worth $818,000 after buying an additional 191 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Viacom by 7.1% in the first quarter. IFP Advisors Inc now owns 3,964 shares of the company’s stock worth $164,000 after buying an additional 264 shares in the last quarter. LS Investment Advisors LLC boosted its position in shares of Viacom by 2.4% in the second quarter. LS Investment Advisors LLC now owns 16,178 shares of the company’s stock worth $671,000 after buying an additional 386 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its position in shares of Viacom by 4.9% in the second quarter. NN Investment Partners Holdings N.V. now owns 8,569 shares of the company’s stock worth $355,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.
Viacom Inc. (NASDAQ:VIAB) traded down 0.96% during midday trading on Friday, hitting $36.27. 3,722,323 shares of the company traded hands. The stock’s 50-day moving average is $38.44 and its 200-day moving average is $41.19. The firm has a market capitalization of $14.39 billion, a PE ratio of 6.98 and a beta of 1.33. Viacom Inc. has a 12-month low of $30.11 and a 12-month high of $53.35.
Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Thursday, August 4th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.04. Viacom had a net margin of 15.85% and a return on equity of 46.74%. The company earned $3.11 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the prior year, the firm earned $1.47 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. Analysts anticipate that Viacom Inc. will post $3.64 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 22nd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Thursday, September 22nd. Viacom’s dividend payout ratio is 15.41%.
A number of equities analysts have issued reports on the stock. Brean Capital reissued a “hold” rating on shares of Viacom in a report on Thursday, September 8th. Vetr raised shares of Viacom from a “sell” rating to a “hold” rating and set a $42.50 target price on the stock in a report on Tuesday, August 2nd. Jefferies Group reissued a “buy” rating on shares of Viacom in a report on Thursday, August 11th. Wedbush cut their price target on Viacom from $44.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, September 27th. Finally, Wunderlich reaffirmed a “buy” rating on shares of Viacom in a report on Sunday, July 10th. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target 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.
Want to see what other hedge funds are holding VIAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viacom Inc. (NASDAQ:VIAB).
Receive News & Ratings for Viacom Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom Inc. and related companies with MarketBeat.com's FREE daily email newsletter.