Viacom Inc. (VIAB) Stake Maintained by Amica Mutual Insurance Co.
Amica Mutual Insurance Co. continued to hold its position in shares of Viacom Inc. (NASDAQ:VIAB) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,018 shares of the company’s stock at the end of the third quarter. Amica Mutual Insurance Co.’s holdings in Viacom were worth $1,906,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. First New York Securities LLC NY boosted its position in shares of Viacom by 440.0% in the third quarter. First New York Securities LLC NY now owns 2,700 shares of the company’s stock valued at $103,000 after buying an additional 2,200 shares in the last quarter. Pinkerton Retirement Specialists LLC bought a new position in shares of Viacom during the second quarter valued at about $131,000. First Mercantile Trust Co. bought a new position in shares of Viacom during the second quarter valued at about $135,000. Hussman Strategic Advisors Inc. bought a new position in shares of Viacom during the second quarter valued at about $137,000. Finally, Smithfield Trust Co. bought a new position in shares of Viacom during the second quarter valued at about $141,000. Institutional investors own 75.96% of the company’s stock.
Viacom Inc. (NASDAQ:VIAB) traded up 0.43% during midday trading on Tuesday, hitting $36.95. 3,379,995 shares of the stock traded hands. The firm has a market cap of $14.66 billion, a PE ratio of 10.22 and a beta of 1.32. The stock has a 50-day moving average of $37.16 and a 200 day moving average of $40.40. Viacom Inc. has a 52-week low of $30.11 and a 52-week high of $50.18.
Viacom (NASDAQ:VIAB) last released its earnings results on Wednesday, November 9th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.04. Viacom had a net margin of 11.52% and a return on equity of 36.21%. The business earned $3.23 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the prior year, the firm earned $1.54 earnings per share. The company’s revenue for the quarter was down 14.8% compared to the same quarter last year. Equities analysts forecast that Viacom Inc. will post $3.80 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 15th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Tuesday, December 13th. Viacom’s payout ratio is 22.10%.
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Several equities analysts recently issued reports on the stock. Sanford C. Bernstein reiterated an “underperform” rating and set a $31.00 price target on shares of Viacom in a research report on Thursday, November 10th. Brean Capital reiterated a “hold” rating on shares of Viacom in a research report on Friday, August 5th. Telsey Advisory Group cut their price objective on shares of Viacom from $53.00 to $51.00 and set an “outperform” rating on the stock in a report on Friday, August 5th. Vetr upgraded shares of Viacom from a “sell” rating to a “hold” rating and set a $42.50 price objective on the stock in a report on Tuesday, August 2nd. Finally, FBR & Co restated a “buy” rating on shares of Viacom in a report on Thursday, September 22nd. Two investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $43.18.
Viacom Company Profile
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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