Viacom, Inc. Class B (VIAB) Stake Lowered by Employees Retirement System of Texas

Share on StockTwits

Employees Retirement System of Texas reduced its stake in shares of Viacom, Inc. Class B (NASDAQ:VIAB) by 9.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,000 shares of the company’s stock after selling 2,000 shares during the period. Employees Retirement System of Texas’ holdings in Viacom, Inc. Class B were worth $590,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wedbush Securities Inc. bought a new position in Viacom, Inc. Class B during the fourth quarter valued at about $291,000. BlackRock Inc. raised its holdings in Viacom, Inc. Class B by 1.2% during the fourth quarter. BlackRock Inc. now owns 23,226,736 shares of the company’s stock valued at $715,616,000 after buying an additional 264,076 shares in the last quarter. Renaissance Technologies LLC bought a new position in Viacom, Inc. Class B during the fourth quarter valued at about $16,714,000. Wall Street Access Asset Management LLC bought a new position in Viacom, Inc. Class B during the fourth quarter valued at about $212,000. Finally, Roberts Glore & Co. Inc. IL bought a new position in Viacom, Inc. Class B during the fourth quarter valued at about $270,000. Institutional investors own 77.96% of the company’s stock.

Shares of Viacom, Inc. Class B opened at $30.28 on Friday, according to Marketbeat. Viacom, Inc. Class B has a 12-month low of $22.13 and a 12-month high of $36.77. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.24 and a current ratio of 1.53. The stock has a market cap of $12.24 billion, a P/E ratio of 8.03, a PEG ratio of 0.90 and a beta of 1.42.

Viacom, Inc. Class B (NASDAQ:VIAB) last issued its quarterly earnings results on Wednesday, April 25th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.13. Viacom, Inc. Class B had a return on equity of 24.97% and a net margin of 16.74%. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same period in the previous year, the company posted $0.79 earnings per share. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. analysts anticipate that Viacom, Inc. Class B will post 4.06 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 15th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Thursday, June 14th. Viacom, Inc. Class B’s payout ratio is 21.22%.

Several equities analysts have weighed in on VIAB shares. ValuEngine upgraded Viacom, Inc. Class B from a “strong sell” rating to a “sell” rating in a report on Friday, May 11th. Citigroup upgraded Viacom, Inc. Class B from a “sell” rating to a “neutral” rating in a research note on Wednesday, March 28th. Macquarie upgraded Viacom, Inc. Class B from an “underperform” rating to a “neutral” rating and set a $37.00 price objective on the stock in a research note on Wednesday, February 28th. BidaskClub upgraded Viacom, Inc. Class B from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 19th. Finally, Loop Capital assumed coverage on Viacom, Inc. Class B in a research note on Thursday, March 15th. They issued a “hold” rating and a $33.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $34.68.

Viacom, Inc. Class B Profile

Viacom, Inc operates media brands that create entertainment content worldwide. The company creates television programs, motion pictures, short-form content, games, consumer products, podcasts, live events, and social media experiences. It operates through two segments, Media Networks and Filmed Entertainment.

Institutional Ownership by Quarter for Viacom, Inc. Class B (NASDAQ:VIAB)

Receive News & Ratings for Viacom Inc. Class B Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom Inc. Class B and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply