Manchester Capital Management LLC cut its position in shares of Viacom Inc. (NASDAQ:VIAB) by 13.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,288 shares of the company’s stock after selling 500 shares during the period. Manchester Capital Management LLC’s holdings in Viacom were worth $110,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of VIAB. Nationwide Fund Advisors raised its stake in shares of Viacom by 2.4% during the 1st quarter. Nationwide Fund Advisors now owns 96,883 shares of the company’s stock worth $4,517,000 after purchasing an additional 2,296 shares in the last quarter. First Mercantile Trust Co. raised its stake in shares of Viacom by 56.9% during the 1st quarter. First Mercantile Trust Co. now owns 3,374 shares of the company’s stock worth $157,000 after purchasing an additional 1,223 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Viacom by 5.6% during the 1st quarter. Wells Fargo & Company MN now owns 1,072,360 shares of the company’s stock worth $49,993,000 after purchasing an additional 56,452 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Viacom by 249.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 187,975 shares of the company’s stock worth $8,763,000 after purchasing an additional 134,255 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Viacom by 102.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 58,567 shares of the company’s stock worth $2,755,000 after purchasing an additional 29,685 shares in the last quarter. 79.17% of the stock is owned by institutional investors.
VIAB has been the subject of a number of recent research reports. UBS AG cut their price target on Viacom from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, August 4th. Jefferies Group LLC reaffirmed a “buy” rating and set a $52.00 price target on shares of Viacom in a research note on Thursday, August 3rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Viacom in a research note on Thursday, July 6th. BidaskClub raised Viacom from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 13th. Finally, Barclays PLC reaffirmed a “neutral” rating on shares of Viacom in a research note on Monday, August 7th. Six analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and ten have assigned a buy rating to the company. Viacom has a consensus rating of “Hold” and a consensus target price of $42.04.
Viacom Inc. (NASDAQ:VIAB) traded up 1.02% during trading on Friday, hitting $27.64. The company had a trading volume of 1,771,402 shares. The company has a market capitalization of $11.12 billion, a price-to-earnings ratio of 7.61 and a beta of 1.59. The stock has a 50-day moving average of $29.97 and a 200 day moving average of $36.63. Viacom Inc. has a one year low of $26.65 and a one year high of $46.72.
Viacom (NASDAQ:VIAB) last posted its earnings results on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.05 by $0.12. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.29 billion. Viacom had a return on equity of 30.89% and a net margin of 11.04%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.05 earnings per share. Equities analysts forecast that Viacom Inc. will post $3.87 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Thursday, September 14th. Viacom’s dividend payout ratio is currently 21.98%.
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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