Retirement Systems of Alabama Sells 4,195 Shares of Viacom Inc. (VIAB)
Retirement Systems of Alabama lowered its stake in shares of Viacom Inc. (NASDAQ:VIAB) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 282,812 shares of the company’s stock after selling 4,195 shares during the period. Retirement Systems of Alabama owned 0.07% of Viacom worth $11,728,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Commonwealth Equity Services Inc boosted its position in shares of Viacom by 30.4% in the first quarter. Commonwealth Equity Services Inc now owns 24,545 shares of the company’s stock valued at $1,013,000 after buying an additional 5,727 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Viacom by 7.1% in the first quarter. IFP Advisors Inc now owns 3,964 shares of the company’s stock valued at $164,000 after buying an additional 264 shares in the last quarter. Teachers Advisors Inc. boosted its position in shares of Viacom by 14.9% in the first quarter. Teachers Advisors Inc. now owns 1,057,756 shares of the company’s stock valued at $43,664,000 after buying an additional 137,251 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Viacom by 49.0% in the first quarter. Prudential Financial Inc. now owns 1,483,137 shares of the company’s stock valued at $61,224,000 after buying an additional 487,930 shares in the last quarter. Finally, RMB Capital Management LLC boosted its position in shares of Viacom by 1,256.8% in the first quarter. RMB Capital Management LLC now owns 110,298 shares of the company’s stock valued at $4,553,000 after buying an additional 102,169 shares in the last quarter. Institutional investors own 76.12% of the company’s stock.
Viacom Inc. (NASDAQ:VIAB) traded down 0.29% on Tuesday, hitting $37.58. The stock had a trading volume of 4,974,582 shares. The stock has a market cap of $14.91 billion, a P/E ratio of 7.23 and a beta of 1.33. The company’s 50-day moving average is $38.98 and its 200-day moving average is $41.28. Viacom Inc. has a one year low of $30.11 and a one year high of $53.35.
Viacom (NASDAQ:VIAB) last posted its quarterly earnings results on Thursday, August 4th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. Viacom had a net margin of 15.85% and a return on equity of 46.74%. The business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the previous year, the company posted $1.47 EPS. Viacom’s revenue was up 1.6% on a year-over-year basis. On average, analysts anticipate that Viacom Inc. will post $3.64 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 22nd were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Thursday, September 22nd. Viacom’s dividend payout ratio is currently 15.41%.
Several brokerages have commented on VIAB. Vetr lowered Viacom from a “buy” rating to a “hold” rating and set a $44.78 price objective on the stock. in a report on Wednesday, August 17th. Nomura began coverage on Viacom in a report on Wednesday, June 22nd. They issued a “hold” rating on the stock. BTIG Research raised Viacom from a “neutral” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Thursday, June 16th. FBR & Co reissued a “buy” rating on shares of Viacom in a report on Monday, June 20th. Finally, Royal Bank Of Canada raised Viacom from an “underperform” rating to a “sector perform” rating and raised their price objective for the company from $34.00 to $45.00 in a report on Friday, June 17th. Four analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $43.80.
Viacom Inc (Viacom) is an entertainment content company that connects with audiences in over 160 countries and territories and creates compelling television programs, motion pictures, short-form video, applications, games, consumer products, social media and other entertainment content. The Company operates through two segments: Media Networks and Filmed Entertainment.
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