Bank of Montreal Can reduced its position in Viacom Inc. (NASDAQ:VIA) by 32.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,760 shares of the company’s stock after selling 1,790 shares during the period. Bank of Montreal Can’s holdings in Viacom were worth $143,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of VIA. Prudential Financial Inc. purchased a new position in Viacom in the 1st quarter valued at about $766,000. Morgan Stanley boosted its position in Viacom by 17.9% in the 1st quarter. Morgan Stanley now owns 87,499 shares of the company’s stock valued at $4,267,000 after buying an additional 13,255 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of 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 purchasing an additional 11,692 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Viacom by 33.6% during the first quarter. Geode Capital Management LLC now owns 42,025 shares of the company’s stock worth $2,048,000 after purchasing an additional 10,579 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of 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 purchasing an additional 10,147 shares during the last quarter. 2.28% of the stock is owned by institutional investors.
Several brokerages have recently commented on VIA. UBS AG reaffirmed a “buy” rating and set a $45.00 price target (down previously from $50.00) on shares of Viacom in a research report on Wednesday, August 9th. Barrington Research reaffirmed an “outperform” rating on shares of Viacom in a research report on Friday, May 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $43.13.
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Shares of Viacom Inc. (NASDAQ:VIA) traded down 0.26% during midday trading on Friday, hitting $37.65. 17,090 shares of the company’s stock traded hands. The company has a 50 day moving average price of $38.75 and a 200 day moving average price of $41.13. Viacom Inc. has a 1-year low of $36.25 and a 1-year high of $49.00. The firm has a market capitalization of $15.14 billion, a price-to-earnings ratio of 10.36 and a beta of 1.46.
Viacom (NASDAQ:VIA) last announced its earnings results on Thursday, August 3rd. The company reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.12. Viacom had a net margin of 11.04% and a return on equity of 30.89%. The company had revenue of $3.36 billion during the quarter. Equities analysts anticipate that Viacom Inc. will post $3.55 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, September 14th. Viacom’s dividend payout ratio is presently 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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