BlueCrest Capital Management Ltd bought a new position in shares of Viacom Inc. (NASDAQ:VIAB) during the first quarter, according to its most recent 13F filing with the SEC. The firm bought 143,607 shares of the company’s stock, valued at approximately $6,695,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FUKOKU MUTUAL LIFE INSURANCE Co raised its position in Viacom by 15.8% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,202 shares of the company’s stock worth $103,000 after buying an additional 300 shares during the last quarter. Fifth Third Bancorp raised its position in Viacom by 9.4% in the first quarter. Fifth Third Bancorp now owns 2,616 shares of the company’s stock worth $122,000 after buying an additional 225 shares during the last quarter. First Personal Financial Services raised its position in Viacom by 998.2% in the first quarter. First Personal Financial Services now owns 3,086 shares of the company’s stock worth $144,000 after buying an additional 2,805 shares during the last quarter. Whittier Trust Co. raised its position in Viacom by 80.6% in the first quarter. Whittier Trust Co. now owns 3,192 shares of the company’s stock worth $149,000 after buying an additional 1,425 shares during the last quarter. Finally, First Mercantile Trust Co. raised its position in Viacom by 56.9% in the first quarter. First Mercantile Trust Co. now owns 3,374 shares of the company’s stock worth $157,000 after buying an additional 1,223 shares during the last quarter. 76.93% of the stock is owned by hedge funds and other institutional investors.
Viacom Inc. (NASDAQ:VIAB) traded up 2.32% during midday trading on Monday, hitting $34.90. 402,434 shares of the stock were exchanged. Viacom Inc. has a one year low of $33.44 and a one year high of $46.72. The firm has a market capitalization of $14.02 billion, a price-to-earnings ratio of 11.54 and a beta of 1.53. The company has a 50 day moving average price of $35.40 and a 200 day moving average price of $39.84.
Viacom (NASDAQ:VIAB) last released its quarterly earnings data on Thursday, May 4th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.20. Viacom had a net margin of 9.32% and a return on equity of 32.00%. The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same quarter last year, the firm earned $0.76 EPS. Viacom’s quarterly revenue was up 8.5% compared to the same quarter last year. Equities analysts anticipate that Viacom Inc. will post $3.87 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Thursday, June 15th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Tuesday, June 13th. Viacom’s payout ratio is 26.40%.
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VIAB has been the subject of a number of analyst reports. Guggenheim reissued a “buy” rating and set a $50.00 target price on shares of Viacom in a research note on Wednesday, March 22nd. Jefferies Group LLC reissued a “buy” rating and set a $52.00 target price on shares of Viacom in a research note on Saturday, March 11th. Pivotal Research reaffirmed a “hold” rating and issued a $40.00 price target on shares of Viacom in a research note on Sunday, April 23rd. ValuEngine lowered shares of Viacom from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BMO Capital Markets reduced their price target on shares of Viacom from $44.00 to $42.00 and set a “market perform” rating for the company in a research note on Monday, May 15th. Six research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company’s stock. Viacom has a consensus rating of “Hold” and an average price target of $43.23.
Viacom Company Profile
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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