Mn Services Vermogensbeheer B.V. boosted its stake in Viacom Inc. (NASDAQ:VIAB) by 510.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,563 shares of the company’s stock after buying an additional 47,299 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Viacom were worth $1,899,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Viacom by 3,068.5% in the first quarter. BlackRock Inc. now owns 21,485,851 shares of the company’s stock valued at $1,001,671,000 after buying an additional 20,807,733 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Viacom by 3,113.9% in the first quarter. Wellington Management Group LLP now owns 20,233,146 shares of the company’s stock valued at $943,269,000 after buying an additional 19,603,597 shares in the last quarter. FMR LLC boosted its stake in shares of Viacom by 36.1% in the first quarter. FMR LLC now owns 9,311,109 shares of the company’s stock valued at $434,084,000 after buying an additional 2,467,925 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Viacom by 304.9% in the first quarter. Alliancebernstein L.P. now owns 2,494,611 shares of the company’s stock valued at $116,299,000 after buying an additional 1,878,470 shares in the last quarter. Finally, Scopus Asset Management L.P. purchased a new stake in shares of Viacom during the first quarter valued at $81,585,000. 76.62% of the stock is owned by hedge funds and other institutional investors.
Viacom Inc. (NASDAQ VIAB) opened at 35.89 on Friday. Viacom Inc. has a 52-week low of $32.68 and a 52-week high of $46.72. The firm’s 50-day moving average price is $34.78 and its 200-day moving average price is $39.59. The firm has a market cap of $14.42 billion, a P/E ratio of 11.86 and a beta of 1.57.
Viacom (NASDAQ:VIAB) last released its quarterly earnings data on Thursday, May 4th. The company reported $0.79 EPS 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 the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.76 earnings per share. Equities research analysts expect that Viacom Inc. will post $3.87 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th were given a $0.20 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $0.80 annualized dividend and a yield of 2.23%. Viacom’s dividend payout ratio is currently 26.40%.
VIAB has been the subject of several recent research reports. Jefferies Group LLC reissued a “buy” rating and set a $52.00 price objective on shares of Viacom in a report on Monday, April 17th. Rosenblatt Securities reissued an “underweight” rating on shares of Viacom in a report on Friday, April 14th. Royal Bank Of Canada dropped their price objective on Viacom from $35.00 to $30.00 and set an “underperform” rating for the company in a report on Friday, May 5th. Pivotal Research reissued a “hold” rating and set a $40.00 price objective on shares of Viacom in a report on Sunday, April 23rd. Finally, BidaskClub raised Viacom from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $43.14.
About Viacom
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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