Capital Research Global Investors bought a new stake in Viacom Inc. (NASDAQ:VIA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 809,902 shares of the company’s stock, valued at approximately $30,817,000. Capital Research Global Investors owned about 0.20% of Viacom at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of VIA. Teachers Advisors LLC increased its holdings in Viacom by 9.9% during the fourth quarter. Teachers Advisors LLC now owns 12,345 shares of the company’s stock worth $475,000 after buying an additional 1,115 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Viacom by 47.4% during the first quarter. Wells Fargo & Company MN now owns 31,534 shares of the company’s stock worth $1,538,000 after buying an additional 10,147 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Viacom by 38.9% during the first quarter. Bank of New York Mellon Corp now owns 41,732 shares of the company’s stock worth $2,035,000 after buying an additional 11,692 shares during the last quarter. Karp Capital Management Corp purchased a new stake in Viacom during the first quarter worth about $378,000. Finally, Prudential Financial Inc. bought a new position in Viacom during the first quarter worth about $766,000. Institutional investors and hedge funds own 2.28% of the company’s stock.
A number of equities analysts have weighed in on VIA shares. UBS AG reiterated a “buy” rating and set a $45.00 target price (down previously from $50.00) on shares of Viacom in a research report on Wednesday, August 9th. Citigroup Inc. lowered shares of Viacom from a “neutral” rating to a “sell” rating in a research report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Viacom has an average rating of “Hold” and a consensus target price of $43.00.
Viacom Inc. (NASDAQ:VIA) opened at 33.75 on Tuesday. Viacom Inc. has a 52-week low of $30.55 and a 52-week high of $49.00. The company has a market capitalization of $13.57 billion, a price-to-earnings ratio of 9.29 and a beta of 1.44. The stock has a 50 day moving average of $36.84 and a 200-day moving average of $39.70.
Viacom (NASDAQ:VIA) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.12. Viacom had a return on equity of 30.89% and a net margin of 11.04%. The business had revenue of $3.36 billion for the quarter. On average, equities research analysts anticipate that Viacom Inc. will post $3.85 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend was Thursday, September 14th. Viacom’s dividend payout ratio (DPR) is presently 21.98%.
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Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.
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