DAVENPORT & Co LLC acquired a new position in ViacomCBS Inc. (NASDAQ:VIAC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 29,179 shares of the company’s stock, valued at approximately $680,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VIAC. Whittier Trust Co. of Nevada Inc. purchased a new stake in ViacomCBS in the 2nd quarter worth approximately $27,000. Lowe Wealth Advisors LLC purchased a new stake in ViacomCBS in the 2nd quarter worth approximately $36,000. Ellevest Inc. purchased a new stake in ViacomCBS in the 2nd quarter worth approximately $38,000. Whittier Trust Co. purchased a new stake in ViacomCBS in the 2nd quarter worth approximately $50,000. Finally, Global Retirement Partners LLC purchased a new position in shares of ViacomCBS in the 2nd quarter valued at approximately $53,000. Institutional investors and hedge funds own 69.10% of the company’s stock.
In other news, Director Linda M. Griego sold 18,075 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $28.49, for a total value of $514,956.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.31% of the stock is owned by insiders.
Shares of ViacomCBS stock opened at $26.07 on Friday. The stock’s 50-day simple moving average is $23.83 and its 200-day simple moving average is $23.43. ViacomCBS Inc. has a 52 week low of $10.10 and a 52 week high of $52.62. The company has a market capitalization of $16.04 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 0.68 and a beta of 1.87. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.47.
ViacomCBS (NASDAQ:VIAC) last announced its quarterly earnings data on Thursday, May 7th. The company reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.18. ViacomCBS had a return on equity of 22.83% and a net margin of 4.93%. The business had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.57 billion. The firm’s revenue was down 6.1% compared to the same quarter last year. On average, equities analysts expect that ViacomCBS Inc. will post 3.8 earnings per share for the current year.
ViacomCBS Inc operates as a mass media company worldwide. The company operates in four segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; produces, acquires, and/or distributes programming, including series, specials, news, and public affairs; operates online content networks for information and entertainment; produces theatrical films; and digital streaming services.
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