Olstein Capital Management L.P. boosted its stake in Viacom, Inc. (NASDAQ:VIAB) by 26.1% in the first quarter, HoldingsChannel.com reports. The firm owned 333,000 shares of the company’s stock after buying an additional 69,000 shares during the period. Viacom accounts for about 1.5% of Olstein Capital Management L.P.’s investment portfolio, making the stock its 10th largest holding. Olstein Capital Management L.P.’s holdings in Viacom were worth $9,347,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pearl River Capital LLC acquired a new stake in Viacom in the fourth quarter valued at $26,000. Cullen Frost Bankers Inc. acquired a new stake in Viacom in the first quarter valued at $30,000. Valley National Advisers Inc. increased its holdings in Viacom by 66.4% in the fourth quarter. Valley National Advisers Inc. now owns 1,118 shares of the company’s stock valued at $29,000 after purchasing an additional 446 shares during the period. Bruderman Asset Management LLC boosted its position in Viacom by 935.5% during the fourth quarter. Bruderman Asset Management LLC now owns 1,139 shares of the company’s stock valued at $29,000 after acquiring an additional 1,029 shares during the last quarter. Finally, CWM LLC boosted its position in Viacom by 507.6% during the fourth quarter. CWM LLC now owns 1,197 shares of the company’s stock valued at $31,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.
VIAB has been the topic of a number of research analyst reports. BidaskClub raised shares of Viacom from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 6th. Zacks Investment Research cut shares of Viacom from a “hold” rating to a “sell” rating in a research report on Saturday, January 26th. ValuEngine raised shares of Viacom from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. Societe Generale cut shares of Viacom from a “buy” rating to a “hold” rating in a research report on Thursday, January 24th. Finally, Loop Capital raised shares of Viacom from a “hold” rating to a “buy” rating and upped their price target for the company from $33.00 to $35.00 in a research report on Friday, March 29th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. Viacom has an average rating of “Hold” and a consensus price target of $34.47.
VIAB stock opened at $28.74 on Tuesday. The stock has a market cap of $11.46 billion, a PE ratio of 6.98, a P/E/G ratio of 0.91 and a beta of 1.45. The company has a current ratio of 1.29, a quick ratio of 1.07 and a debt-to-equity ratio of 1.08. Viacom, Inc. has a 1 year low of $23.31 and a 1 year high of $34.44.
Viacom (NASDAQ:VIAB) last released its quarterly earnings data on Friday, May 10th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.15. The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.06 billion. Viacom had a net margin of 12.63% and a return on equity of 22.60%. The business’s revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.92 EPS. As a group, sell-side analysts expect that Viacom, Inc. will post 4.01 EPS for the current fiscal year.
Viacom Company Profile
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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