Viacom Inc. (VIAB) Short Interest Up 21.4% in June
Viacom Inc. (NASDAQ:VIAB) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 18,070,272 shares, an increase of 21.4% from the May 31st total of 14,890,106 shares. Based on an average daily volume of 4,202,090 shares, the short-interest ratio is presently 4.3 days.
Several equities research analysts have weighed in on VIAB shares. Jefferies Group LLC reiterated a “buy” rating and issued a $52.00 target price on shares of Viacom in a report on Saturday, March 11th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $48.00 target price on shares of Viacom in a report on Monday, June 12th. Rosenblatt Securities started coverage on shares of Viacom in a report on Wednesday, April 5th. They issued a “neutral” rating and a $45.00 target price on the stock. Sanford C. Bernstein reiterated an “underperform” rating and issued a $29.00 target price on shares of Viacom in a report on Friday, June 16th. Finally, Barrington Research reiterated an “outperform” rating on shares of Viacom in a report on Friday, May 19th. Six analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $43.23.
Viacom (NASDAQ:VIAB) opened at 35.41 on Wednesday. Viacom has a 12 month low of $33.44 and a 12 month high of $46.72. The company has a market cap of $14.23 billion, a P/E ratio of 11.71 and a beta of 1.53. The stock has a 50 day moving average of $35.40 and a 200-day moving average of $39.84.
Viacom (NASDAQ:VIAB) last posted its earnings results on Thursday, May 4th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.20. Viacom had a net margin of 9.32% and a return on equity of 32.00%. The firm had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same quarter in the prior year, the business posted $0.76 EPS. The business’s revenue was up 8.5% compared to the same quarter last year. Equities research analysts expect that Viacom will post $3.87 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $0.80 annualized dividend and a dividend yield of 2.26%. Viacom’s payout ratio is 26.40%.
Several hedge funds have recently bought and sold shares of VIAB. Wetherby Asset Management Inc. raised its stake in Viacom by 0.7% in the first quarter. Wetherby Asset Management Inc. now owns 7,186 shares of the company’s stock valued at $335,000 after buying an additional 53 shares during the last quarter. Cleararc Capital Inc. raised its stake in Viacom by 0.9% in the first quarter. Cleararc Capital Inc. now owns 8,495 shares of the company’s stock valued at $396,000 after buying an additional 72 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in Viacom by 0.6% in the first quarter. Stratos Wealth Partners LTD. now owns 11,781 shares of the company’s stock valued at $549,000 after buying an additional 76 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Viacom by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,914 shares of the company’s stock valued at $699,000 after buying an additional 83 shares during the last quarter. Finally, Suntrust Banks Inc. raised its stake in Viacom by 0.5% in the first quarter. Suntrust Banks Inc. now owns 21,318 shares of the company’s stock valued at $991,000 after buying an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.
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Viacom Company Profile
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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