Viacom, Inc. (NASDAQ:VIAB) Shares Sold by Swiss National Bank

Swiss National Bank reduced its holdings in Viacom, Inc. (NASDAQ:VIAB) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,153,270 shares of the company’s stock after selling 26,300 shares during the quarter. Swiss National Bank owned 0.29% of Viacom worth $34,448,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisory Services Network LLC increased its position in shares of Viacom by 20.9% during the 2nd quarter. Advisory Services Network LLC now owns 1,941 shares of the company’s stock valued at $58,000 after purchasing an additional 336 shares during the period. Securian Asset Management Inc increased its position in shares of Viacom by 1.1% during the 1st quarter. Securian Asset Management Inc now owns 36,056 shares of the company’s stock valued at $1,012,000 after purchasing an additional 395 shares during the period. CWM LLC increased its position in shares of Viacom by 28.0% during the 2nd quarter. CWM LLC now owns 1,822 shares of the company’s stock valued at $54,000 after purchasing an additional 399 shares during the period. 6 Meridian increased its position in shares of Viacom by 2.5% during the 2nd quarter. 6 Meridian now owns 16,525 shares of the company’s stock valued at $494,000 after purchasing an additional 402 shares during the period. Finally, Crossmark Global Holdings Inc. increased its position in shares of Viacom by 2.1% during the 1st quarter. Crossmark Global Holdings Inc. now owns 20,797 shares of the company’s stock valued at $584,000 after purchasing an additional 430 shares during the period. Hedge funds and other institutional investors own 77.56% of the company’s stock.

VIAB opened at $26.23 on Thursday. The stock has a market cap of $10.58 billion, a price-to-earnings ratio of 6.37, a PEG ratio of 0.95 and a beta of 1.29. Viacom, Inc. has a 1 year low of $23.31 and a 1 year high of $34.44. The company has a current ratio of 1.36, a quick ratio of 1.15 and a debt-to-equity ratio of 1.02. The stock has a fifty day moving average price of $29.92 and a 200 day moving average price of $29.25.

Viacom (NASDAQ:VIAB) last released its quarterly earnings data on Thursday, August 8th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.14. The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.33 billion. Viacom had a return on equity of 21.71% and a net margin of 12.68%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.18 earnings per share. As a group, sell-side analysts forecast that Viacom, Inc. will post 3.99 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.80 annualized dividend and a yield of 3.05%. Viacom’s dividend payout ratio (DPR) is currently 19.42%.

Several equities analysts have recently issued reports on the company. Macquarie cut Viacom from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $37.00 to $31.00 in a research report on Wednesday, August 14th. BidaskClub lowered Viacom from a “hold” rating to a “sell” rating in a research note on Tuesday. BMO Capital Markets reduced their price objective on Viacom from $34.00 to $33.00 and set a “market perform” rating for the company in a research note on Thursday, May 16th. ValuEngine lowered Viacom from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Finally, TheStreet raised Viacom from a “c+” rating to a “b-” rating in a research note on Friday, April 26th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $34.14.

Viacom Profile

Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.

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Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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