ViacomCBS (NASDAQ:VIACA) Sees Unusually-High Trading Volume


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Shares of ViacomCBS Inc. (NASDAQ:VIACA) saw strong trading volume on Tuesday . 4,761 shares changed hands during trading, a decline of 98% from the previous session’s volume of 255,862 shares.The stock last traded at $47.55 and had previously closed at $46.76.

Separately, TheStreet upgraded ViacomCBS from a “c+” rating to a “b-” rating in a research report on Thursday, January 28th.

The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.45 and a current ratio of 1.69. The firm has a market cap of $29.47 billion, a P/E ratio of 21.62 and a beta of 1.55. The company has a 50-day moving average of $70.33 and a 200 day moving average of $47.40.

ViacomCBS (NASDAQ:VIACA) last released its quarterly earnings results on Wednesday, February 24th. The company reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.03. ViacomCBS had a return on equity of 18.58% and a net margin of 5.22%. The firm had revenue of $6.87 billion during the quarter.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 1st. Investors of record on Monday, March 15th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, March 12th. This represents a $0.96 dividend on an annualized basis and a yield of 2.02%.

A number of hedge funds have recently added to or reduced their stakes in VIACA. US Bancorp DE increased its stake in shares of ViacomCBS by 236.3% in the 4th quarter. US Bancorp DE now owns 908 shares of the company’s stock valued at $34,000 after buying an additional 638 shares during the period. ExodusPoint Capital Management LP acquired a new stake in shares of ViacomCBS in the 4th quarter valued at $81,000. Public Employees Retirement System of Ohio increased its stake in shares of ViacomCBS by 26.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 5,294 shares of the company’s stock valued at $200,000 after buying an additional 1,112 shares during the period. Aperio Group LLC acquired a new stake in shares of ViacomCBS in the 4th quarter valued at $202,000. Finally, Raymond James & Associates acquired a new stake in shares of ViacomCBS in the 3rd quarter valued at $207,000. 1.23% of the stock is owned by hedge funds and other institutional investors.

ViacomCBS Company Profile (NASDAQ:VIACA)

ViacomCBS Inc operates as a media and entertainment company worldwide. The company operates through TV Entertainment, Cable Networks, and Filmed Entertainment segments. The TV Entertainment segment distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; acquires or develops, and schedules programming on the CBS Television Network that includes primetime comedies and dramas, reality, specials, kids' programs, daytime dramas, game shows, and late night programs; produces or distributes talk shows, court shows, game shows, and newsmagazines; owns and operates 29 broadcast television stations; and operates CBS Sports Network, a 24/7 cable program service that provides college sports and related content, as well as streaming and cable subscription services.

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