State Board of Administration of Florida Retirement System reduced its position in shares of Viacom, Inc. (NASDAQ:VIAB) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 517,560 shares of the company’s stock after selling 6,571 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.13% of Viacom worth $17,473,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. grew its holdings in Viacom by 3.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,966,774 shares of the company’s stock worth $59,318,000 after acquiring an additional 68,528 shares during the period. GAM Holding AG grew its holdings in Viacom by 4.9% during the second quarter. GAM Holding AG now owns 146,714 shares of the company’s stock worth $4,425,000 after acquiring an additional 6,905 shares during the period. Janus Henderson Group PLC grew its holdings in Viacom by 4.1% during the second quarter. Janus Henderson Group PLC now owns 89,011 shares of the company’s stock worth $2,685,000 after acquiring an additional 3,531 shares during the period. Tocqueville Asset Management L.P. acquired a new position in Viacom during the second quarter worth about $227,000. Finally, Macquarie Group Ltd. grew its holdings in Viacom by 1,808.7% during the second quarter. Macquarie Group Ltd. now owns 316,844 shares of the company’s stock worth $9,555,000 after acquiring an additional 300,244 shares during the period. 78.97% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on the company. TheStreet raised Viacom from a “c+” rating to a “b-” rating in a research note on Friday, August 31st. Barrington Research reissued a “hold” rating on shares of Viacom in a research note on Wednesday, August 15th. BidaskClub cut Viacom from a “buy” rating to a “hold” rating in a research note on Saturday, October 27th. ValuEngine cut Viacom from a “hold” rating to a “sell” rating in a research note on Friday, November 2nd. Finally, UBS Group cut Viacom from a “buy” rating to a “neutral” rating and set a $34.00 price target on the stock. in a research note on Monday, November 5th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have given a buy rating to the stock. Viacom currently has an average rating of “Hold” and an average price target of $34.50.
Shares of NASDAQ VIAB opened at $32.10 on Friday. Viacom, Inc. has a one year low of $22.13 and a one year high of $35.55. The stock has a market cap of $13.03 billion, a price-to-earnings ratio of 8.29, a price-to-earnings-growth ratio of 1.12 and a beta of 1.40. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.69 and a quick ratio of 1.41.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings data on Thursday, August 9th. The company reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.11. Viacom had a return on equity of 23.53% and a net margin of 15.65%. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.27 billion. During the same period last year, the company posted $1.17 EPS. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. Equities analysts expect that Viacom, Inc. will post 4.1 EPS for the current year.
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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