WINTON GROUP Ltd Invests $593,000 in Viacom, Inc. (NASDAQ:VIAB)
WINTON GROUP Ltd purchased a new position in shares of Viacom, Inc. (NASDAQ:VIAB) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 19,868 shares of the company’s stock, valued at approximately $593,000.
Several other hedge funds also recently modified their holdings of VIAB. Cullen Frost Bankers Inc. bought a new position in Viacom in the first quarter worth about $30,000. Advisory Services Network LLC lifted its holdings in Viacom by 189.2% in the fourth quarter. Advisory Services Network LLC now owns 1,605 shares of the company’s stock worth $41,000 after acquiring an additional 1,050 shares during the last quarter. CENTRAL TRUST Co lifted its holdings in Viacom by 98.8% in the first quarter. CENTRAL TRUST Co now owns 1,720 shares of the company’s stock worth $48,000 after acquiring an additional 855 shares during the last quarter. Bremer Bank National Association bought a new position in Viacom in the first quarter worth about $50,000. Finally, Private Capital Group LLC lifted its holdings in Viacom by 94.9% in the first quarter. Private Capital Group LLC now owns 3,396 shares of the company’s stock worth $96,000 after acquiring an additional 1,654 shares during the last quarter. 79.96% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have issued reports on VIAB. BMO Capital Markets raised their target price on shares of SilverCrest Metals from C$6.50 to C$7.00 in a report on Thursday, May 16th. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. TheStreet raised shares of Zimmer Biomet from a “c” rating to a “b-” rating in a report on Friday, April 26th. BidaskClub raised shares of Viacom from a “sell” rating to a “hold” rating in a report on Friday, July 5th. Finally, Royal Bank of Canada raised shares of Viacom from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $31.00 to $36.00 in a report on Thursday, April 4th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $34.54.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Friday, May 10th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.80 by $0.15. Viacom had a net margin of 12.63% and a return on equity of 22.60%. The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same quarter last year, the business earned $0.92 earnings per share. Viacom’s revenue was down 6.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Viacom, Inc. will post 4.03 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 17th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.59%. Viacom’s payout ratio is currently 19.42%.
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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