Viacom (NASDAQ:VIA) issued its quarterly earnings results on Thursday. The company reported $1.03 earnings per share (EPS) for the quarter, Morningstar.com reports. Viacom had a net margin of 14.13% and a return on equity of 28.95%.
Shares of Viacom (VIA) traded down $1.88 during trading on Friday, hitting $37.12. The stock had a trading volume of 18,428 shares, compared to its average volume of 54,172. Viacom has a 1-year low of $28.20 and a 1-year high of $49.00. The firm has a market capitalization of $15,004.19, a P/E ratio of 9.89 and a beta of 1.39. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.30 and a current ratio of 1.55.
Several institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN boosted its stake in Viacom by 21.2% in the 2nd quarter. Wells Fargo & Company MN now owns 38,223 shares of the company’s stock worth $1,454,000 after buying an additional 6,689 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Viacom by 5.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 68,229 shares of the company’s stock worth $2,597,000 after purchasing an additional 3,374 shares during the period. FMR LLC raised its holdings in shares of Viacom by 133.4% in the 2nd quarter. FMR LLC now owns 1,050,751 shares of the company’s stock worth $39,981,000 after purchasing an additional 600,581 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Viacom by 17.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 48,930 shares of the company’s stock worth $1,861,000 after purchasing an additional 7,198 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Viacom by 563.5% in the 2nd quarter. Vanguard Group Inc. now owns 191,623 shares of the company’s stock worth $7,291,000 after purchasing an additional 162,744 shares during the period. 2.40% of the stock is owned by institutional investors and hedge funds.
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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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