Treasurer of the State of North Carolina purchased a new stake in shares of Viacom, Inc. (NASDAQ:VIA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,927 shares of the company’s stock, valued at approximately $168,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in VIA. YorkBridge Wealth Partners LLC increased its position in shares of Viacom by 23.4% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,110 shares of the company’s stock valued at $72,000 after acquiring an additional 400 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Viacom by 43.2% during the second quarter. JPMorgan Chase & Co. now owns 2,182 shares of the company’s stock valued at $74,000 after acquiring an additional 658 shares in the last quarter. Ossiam bought a new stake in shares of Viacom during the second quarter valued at approximately $89,000. AMP Capital Investors Ltd bought a new stake in shares of Viacom during the second quarter valued at approximately $211,000. Finally, Susquehanna International Group LLP increased its position in shares of Viacom by 198.7% during the second quarter. Susquehanna International Group LLP now owns 7,794 shares of the company’s stock valued at $266,000 after acquiring an additional 15,694 shares in the last quarter. 1.95% of the stock is owned by institutional investors.
VIA has been the subject of several analyst reports. BidaskClub downgraded shares of Viacom from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 15th. Guggenheim raised shares of Viacom from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 14th. Finally, TheStreet downgraded shares of Viacom from a “b-” rating to a “c+” rating in a research report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $34.00.
NASDAQ:VIA opened at $25.38 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.15 and a debt-to-equity ratio of 1.02. Viacom, Inc. has a 12 month low of $24.54 and a 12 month high of $38.00. The company has a market cap of $10.02 billion, a PE ratio of 5.83 and a beta of 1.33. The company has a 50 day simple moving average of $26.90 and a two-hundred day simple moving average of $32.47.
Viacom (NASDAQ:VIA) last posted its earnings results on Thursday, August 8th. The company reported $1.20 EPS for the quarter. The business had revenue of $3.36 billion during the quarter. Viacom had a net margin of 12.68% and a return on equity of 21.71%.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Friday, September 13th.
Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.
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