CLARET ASSET MANAGEMENT Corp boosted its position in Viacom, Inc. (NASDAQ:VIAB) by 0.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 228,668 shares of the company’s stock after buying an additional 527 shares during the quarter. Viacom makes up about 1.1% of CLARET ASSET MANAGEMENT Corp’s holdings, making the stock its 24th biggest position. CLARET ASSET MANAGEMENT Corp owned about 0.06% of Viacom worth $5,495,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of VIAB. Trust Co. of Vermont grew its position in Viacom by 514.7% in the 2nd quarter. Trust Co. of Vermont now owns 836 shares of the company’s stock worth $25,000 after purchasing an additional 700 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in Viacom by 1,788.6% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 1,322 shares of the company’s stock worth $39,000 after purchasing an additional 1,252 shares during the last quarter. Griffin Asset Management Inc. acquired a new stake in Viacom in the 2nd quarter worth $39,000. CSat Investment Advisory L.P. grew its position in Viacom by 55.7% in the 2nd quarter. CSat Investment Advisory L.P. now owns 1,529 shares of the company’s stock worth $45,000 after purchasing an additional 547 shares during the last quarter. Finally, CWM LLC grew its position in Viacom by 28.0% in the 2nd quarter. CWM LLC now owns 1,822 shares of the company’s stock worth $54,000 after purchasing an additional 399 shares during the last quarter. Institutional investors and hedge funds own 76.55% of the company’s stock.
Several research firms have issued reports on VIAB. TheStreet lowered shares of Viacom from a “b-” rating to a “c+” rating in a research report on Tuesday, August 27th. ValuEngine raised shares of Viacom from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Sanford C. Bernstein reduced their price objective on shares of Viacom from $27.00 to $21.00 and set an “underperform” rating for the company in a report on Tuesday, September 3rd. Macquarie downgraded shares of Viacom from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $37.00 to $31.00 in a report on Wednesday, August 14th. Finally, Guggenheim reaffirmed a “buy” rating on shares of Viacom in a report on Wednesday, September 4th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $32.71.
Shares of NASDAQ:VIAB traded up $0.63 during midday trading on Friday, reaching $23.17. 125,919 shares of the company’s stock were exchanged, compared to its average volume of 4,724,009. The company’s 50 day simple moving average is $24.76 and its two-hundred day simple moving average is $28.24. The firm has a market capitalization of $9.09 billion, a PE ratio of 5.64, a price-to-earnings-growth ratio of 0.74 and a beta of 1.35. Viacom, Inc. has a 12 month low of $22.14 and a 12 month high of $33.92. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.15 and a current ratio of 1.36.
Viacom (NASDAQ:VIAB) last released its quarterly earnings data on Thursday, August 8th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. Viacom had a net margin of 12.68% and a return on equity of 21.71%. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same period last year, the firm earned $1.18 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, research analysts anticipate that Viacom, Inc. will post 4.02 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 16th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.45%. The ex-dividend date was Friday, September 13th. Viacom’s dividend payout ratio is currently 19.42%.
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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