Viacom, Inc. (NASDAQ:VIAB) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 19,031,705 shares, an increase of 15.2% from the January 15th total of 16,516,682 shares. Based on an average trading volume of 4,281,978 shares, the short-interest ratio is presently 4.4 days.
Several institutional investors have recently added to or reduced their stakes in VIAB. AlphaCrest Capital Management LLC purchased a new stake in shares of Viacom during the fourth quarter valued at $429,000. Scotia Capital Inc. boosted its stake in shares of Viacom by 0.6% during the fourth quarter. Scotia Capital Inc. now owns 94,214 shares of the company’s stock valued at $2,421,000 after purchasing an additional 584 shares during the period. Bremer Trust National Association purchased a new stake in shares of Viacom during the fourth quarter valued at $45,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Viacom by 58.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,245 shares of the company’s stock valued at $931,000 after purchasing an additional 13,325 shares during the period. Finally, Guyasuta Investment Advisors Inc. purchased a new stake in shares of Viacom during the fourth quarter valued at $536,000. Hedge funds and other institutional investors own 80.52% of the company’s stock.
A number of equities research analysts have commented on VIAB shares. Zacks Investment Research upgraded shares of Viacom from a “sell” rating to a “hold” rating in a research note on Saturday. Citigroup raised their target price on shares of Viacom from $29.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 21st. Imperial Capital upgraded shares of Viacom from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $30.00 to $37.00 in a research note on Friday, January 11th. B. Riley decreased their target price on shares of Viacom from $39.00 to $30.00 in a research note on Friday, December 28th. Finally, TheStreet cut shares of Viacom from a “b-” rating to a “c+” rating in a research note on Wednesday, December 26th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $34.56.
Shares of Viacom stock traded down $0.66 on Monday, hitting $28.53. 3,263,711 shares of the company traded hands, compared to its average volume of 4,407,050. The stock has a market cap of $11.76 billion, a P/E ratio of 6.92, a PEG ratio of 0.84 and a beta of 1.48. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.31 and a quick ratio of 1.10. Viacom has a 52 week low of $23.31 and a 52 week high of $34.58.
Viacom (NASDAQ:VIAB) last released its quarterly earnings data on Tuesday, February 5th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.10. The firm had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.12 billion. Viacom had a net margin of 11.60% and a return on equity of 23.34%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 earnings per share. As a group, equities analysts expect that Viacom will post 4.21 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Thursday, March 14th. Viacom’s payout ratio is currently 19.42%.
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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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