Aviva PLC Buys 37,886 Shares of ViacomCBS Inc. (NASDAQ:VIAC)

Aviva PLC lifted its position in ViacomCBS Inc. (NASDAQ:VIAC) by 20.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 222,240 shares of the company’s stock after purchasing an additional 37,886 shares during the quarter. Aviva PLC’s holdings in ViacomCBS were worth $10,045,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in VIAC. SRS Capital Advisors Inc. purchased a new position in ViacomCBS during the second quarter worth approximately $25,000. Laurel Wealth Advisors LLC purchased a new stake in shares of ViacomCBS in the 2nd quarter valued at $27,000. Bbva USA acquired a new position in ViacomCBS during the 2nd quarter worth $27,000. South State CORP. boosted its position in shares of ViacomCBS by 237.4% during the 1st quarter. South State CORP. now owns 614 shares of the company’s stock worth $28,000 after acquiring an additional 432 shares in the last quarter. Finally, Atlas Capital Advisors LLC boosted its position in shares of ViacomCBS by 78.5% in the 1st quarter. Atlas Capital Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after purchasing an additional 300 shares during the period. Institutional investors own 66.59% of the company’s stock.

NASDAQ VIAC opened at $38.92 on Wednesday. The stock has a market capitalization of $25.16 billion, a P/E ratio of 7.33, a P/E/G ratio of 0.72 and a beta of 1.66. ViacomCBS Inc. has a 1 year low of $26.99 and a 1 year high of $101.97. The business’s fifty day moving average is $40.78 and its two-hundred day moving average is $47.01. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.61 and a current ratio of 1.78.

ViacomCBS (NASDAQ:VIAC) last posted its quarterly earnings results on Thursday, August 5th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.01. ViacomCBS had a return on equity of 15.64% and a net margin of 12.51%. On average, research analysts forecast that ViacomCBS Inc. will post 3.94 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 1st. Shareholders of record on Wednesday, September 15th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Tuesday, September 14th. ViacomCBS’s payout ratio is 22.86%.

A number of equities research analysts recently weighed in on the company. Bank of America restated a “buy” rating and issued a $53.00 price target on shares of ViacomCBS in a report on Thursday, July 8th. Deutsche Bank Aktiengesellschaft upgraded ViacomCBS from a “sell” rating to a “hold” rating and raised their price objective for the stock from $32.00 to $45.00 in a report on Friday, August 6th. They noted that the move was a valuation call. cut their target price on ViacomCBS from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, May 21st. Citigroup cut their target price on ViacomCBS from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, May 21st. Finally, Wells Fargo & Company raised ViacomCBS from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $45.00 to $50.00 in a research report on Wednesday, August 18th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $49.96.

ViacomCBS Profile

ViacomCBS, Inc operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world. It operates its business through following segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Interactive, and CBS Films as well as the Company’s digital streaming services, CBS All Access and CBSN.

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Institutional Ownership by Quarter for ViacomCBS (NASDAQ:VIAC)

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