Stifel Financial Corp Grows Stake in ViacomCBS Inc. (NASDAQ:VIAC)

Stifel Financial Corp grew its stake in shares of ViacomCBS Inc. (NASDAQ:VIAC) by 120.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 602,743 shares of the company’s stock after buying an additional 329,799 shares during the period. Stifel Financial Corp owned 0.09% of ViacomCBS worth $27,244,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in VIAC. SRS Capital Advisors Inc. purchased a new position in ViacomCBS during the second quarter worth $25,000. Laurel Wealth Advisors LLC acquired a new stake in shares of ViacomCBS during the second quarter worth $27,000. Bbva USA acquired a new stake in shares of ViacomCBS during the second quarter worth $27,000. Van ECK Associates Corp acquired a new stake in shares of ViacomCBS during the first quarter worth $38,000. Finally, McIlrath & Eck LLC acquired a new stake in shares of ViacomCBS during the second quarter worth $41,000. 66.59% of the stock is owned by institutional investors.

Shares of NASDAQ VIAC opened at $39.37 on Thursday. ViacomCBS Inc. has a 1 year low of $27.01 and a 1 year high of $101.97. The firm has a market cap of $25.45 billion, a price-to-earnings ratio of 7.41, a PEG ratio of 0.72 and a beta of 1.66. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.61 and a current ratio of 1.78. The stock’s 50-day simple moving average is $40.13 and its 200-day simple moving average is $41.07.

ViacomCBS (NASDAQ:VIAC) last announced its earnings results on Thursday, August 5th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.01. The business had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.41 billion. ViacomCBS had a return on equity of 15.64% and a net margin of 12.51%. As a group, research analysts predict that ViacomCBS Inc. will post 3.94 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 3rd. Investors of record on Wednesday, December 15th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.44%. The ex-dividend date is Tuesday, December 14th. ViacomCBS’s dividend payout ratio is currently 22.86%.

VIAC has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upgraded ViacomCBS from a “sell” rating to a “hold” rating and raised their price objective for the stock from $32.00 to $45.00 in a report on Friday, August 6th. They noted that the move was a valuation call. Bank of America reiterated a “buy” rating and issued a $53.00 target price on shares of ViacomCBS in a report on Thursday, July 8th. Finally, Wells Fargo & Company upgraded ViacomCBS from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $45.00 to $50.00 in a report on Wednesday, August 18th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $49.96.

ViacomCBS Profile

ViacomCBS, Inc operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world. It operates its business through following segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Interactive, and CBS Films as well as the Company’s digital streaming services, CBS All Access and CBSN.

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Institutional Ownership by Quarter for ViacomCBS (NASDAQ:VIAC)

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