Janus Henderson Group PLC increased its position in shares of Viacom, Inc. (NASDAQ:VIAB) by 4.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,011 shares of the company’s stock after acquiring an additional 3,531 shares during the period. Janus Henderson Group PLC’s holdings in Viacom were worth $2,685,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in VIAB. BlackRock Inc. increased its position in Viacom by 4.5% during the second quarter. BlackRock Inc. now owns 25,401,036 shares of the company’s stock worth $766,096,000 after buying an additional 1,098,601 shares during the last quarter. Contrarius Investment Management Ltd increased its position in Viacom by 41.7% during the second quarter. Contrarius Investment Management Ltd now owns 4,488,513 shares of the company’s stock worth $135,374,000 after buying an additional 1,321,363 shares during the last quarter. Northern Trust Corp grew its position in shares of Viacom by 2.0% in the first quarter. Northern Trust Corp now owns 4,357,108 shares of the company’s stock valued at $135,332,000 after purchasing an additional 84,630 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Viacom by 12.1% in the first quarter. Dimensional Fund Advisors LP now owns 3,939,625 shares of the company’s stock valued at $122,365,000 after purchasing an additional 423,710 shares during the last quarter. Finally, Iridian Asset Management LLC CT acquired a new stake in shares of Viacom in the first quarter valued at about $114,756,000. Institutional investors and hedge funds own 79.02% of the company’s stock.
Several equities research analysts have recently issued reports on the company. TheStreet raised Viacom from a “c+” rating to a “b-” rating in a research report on Friday, August 31st. Cfra reaffirmed a “hold” rating and issued a $35.00 price target on shares of Viacom in a research report on Wednesday, June 27th. BidaskClub raised Viacom from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 19th. Imperial Capital started coverage on Viacom in a research report on Thursday, June 28th. They set an “underperform” rating and a $26.00 target price on the stock. Finally, Barrington Research reissued a “hold” rating on shares of Viacom in a research report on Wednesday, August 15th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the company’s stock. Viacom has an average rating of “Hold” and a consensus target price of $34.90.
VIAB traded up $0.20 during trading on Friday, reaching $31.39. 3,306,919 shares of the company’s stock were exchanged, compared to its average volume of 3,630,018. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.41 and a current ratio of 1.69. Viacom, Inc. has a fifty-two week low of $22.13 and a fifty-two week high of $35.55. The firm has a market capitalization of $13.60 billion, a PE ratio of 8.33, a P/E/G ratio of 1.26 and a beta of 1.48.
Viacom (NASDAQ:VIAB) last released its earnings results on Thursday, August 9th. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.11. Viacom had a net margin of 15.65% and a return on equity of 23.53%. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.27 billion. During the same quarter in the previous year, the business earned $1.17 EPS. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. Equities analysts forecast that Viacom, Inc. will post 4.09 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Monday, September 17th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend was Friday, September 14th. Viacom’s dividend payout ratio (DPR) is 21.22%.
Viacom Company 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.
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