CenturyLink Investment Management Co decreased its stake in shares of Viacom Inc. (NASDAQ:VIAB) by 23.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 35,981 shares of the company’s stock after selling 10,924 shares during the period. CenturyLink Investment Management Co’s holdings in Viacom were worth $1,208,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the stock. Thrivent Financial for Lutherans boosted its position in Viacom by 7.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 12,272 shares of the company’s stock valued at $431,000 after buying an additional 890 shares during the period. Numeric Investors LLC acquired a new position in Viacom during the fourth quarter valued at $663,000. Elkhorn Investments LLC acquired a new position in Viacom during the fourth quarter valued at $626,000. Teachers Advisors LLC boosted its position in Viacom by 153.7% in the fourth quarter. Teachers Advisors LLC now owns 2,017,407 shares of the company’s stock valued at $70,811,000 after buying an additional 1,222,302 shares during the period. Finally, Kentucky Retirement Systems acquired a new position in Viacom during the fourth quarter valued at $885,000. 76.93% of the stock is currently owned by institutional investors.
Shares of Viacom Inc. (NASDAQ:VIAB) opened at 34.14 on Wednesday. The company has a market capitalization of $13.72 billion, a PE ratio of 11.29 and a beta of 1.57. Viacom Inc. has a 12 month low of $32.68 and a 12 month high of $46.72. The firm has a 50-day moving average price of $34.83 and a 200-day moving average price of $39.65.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings data on Thursday, May 4th. The company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.20. The firm had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.03 billion. Viacom had a return on equity of 32.00% and a net margin of 9.32%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.76 EPS. On average, equities research analysts predict that Viacom Inc. will post $3.87 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th were issued a $0.20 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $0.80 annualized dividend and a yield of 2.34%. Viacom’s dividend payout ratio is presently 26.40%.
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Several brokerages have recently issued reports on VIAB. Guggenheim reiterated a “buy” rating and set a $50.00 price target on shares of Viacom in a report on Wednesday, March 22nd. Rosenblatt Securities began coverage on Viacom in a report on Wednesday, April 5th. They set a “neutral” rating and a $45.00 price target for the company. FBR & Co lifted their price target on Viacom from $45.00 to $48.00 and gave the company a “mkt perform” rating in a report on Monday, April 10th. Jefferies Group LLC reiterated a “buy” rating and set a $52.00 price target on shares of Viacom in a report on Monday, April 17th. Finally, Pivotal Research reiterated a “hold” rating and set a $40.00 price target on shares of Viacom in a report on Sunday, April 23rd. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $43.15.
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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