Retirement Systems of Alabama Raises Stake in Viacom Inc. (NASDAQ:VIAB)

Retirement Systems of Alabama raised its position in Viacom Inc. (NASDAQ:VIAB) by 13.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 311,854 shares of the company’s stock after buying an additional 36,342 shares during the period. Retirement Systems of Alabama owned 0.08% of Viacom worth $10,469,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. FUKOKU MUTUAL LIFE INSURANCE Co increased its position in Viacom by 15.8% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,202 shares of the company’s stock worth $103,000 after buying an additional 300 shares during the last quarter. Fifth Third Bancorp increased its position in Viacom by 9.4% in the first quarter. Fifth Third Bancorp now owns 2,616 shares of the company’s stock worth $122,000 after buying an additional 225 shares during the last quarter. First Personal Financial Services increased its position in Viacom by 998.2% in the first quarter. First Personal Financial Services now owns 3,086 shares of the company’s stock worth $144,000 after buying an additional 2,805 shares during the last quarter. Delta Asset Management LLC TN increased its position in Viacom by 12.2% in the second quarter. Delta Asset Management LLC TN now owns 4,358 shares of the company’s stock worth $146,000 after buying an additional 475 shares during the last quarter. Finally, Whittier Trust Co. increased its position in Viacom by 80.6% in the first quarter. Whittier Trust Co. now owns 3,192 shares of the company’s stock worth $149,000 after buying an additional 1,425 shares during the last quarter. 77.38% of the stock is currently owned by institutional investors.

Viacom Inc. (NASDAQ VIAB) opened at 30.66 on Friday. The firm’s 50-day moving average is $34.02 and its 200 day moving average is $38.99. The stock has a market capitalization of $12.33 billion, a price-to-earnings ratio of 8.44 and a beta of 1.57. Viacom Inc. has a 1-year low of $29.65 and a 1-year high of $46.72.

Viacom (NASDAQ:VIAB) last announced its earnings results on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. Viacom had a return on equity of 30.89% and a net margin of 11.04%. The company had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same period last year, the business posted $1.05 EPS. Viacom’s revenue for the quarter was up 8.3% on a year-over-year basis. Equities analysts anticipate that Viacom Inc. will post $3.87 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Thursday, September 14th. Viacom’s dividend payout ratio (DPR) is 21.98%.

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A number of equities analysts recently issued reports on VIAB shares. Jefferies Group LLC reissued a “buy” rating and issued a $52.00 price objective on shares of Viacom in a report on Monday, April 17th. Zacks Investment Research upgraded shares of Viacom from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Thursday, July 13th. UBS AG decreased their target price on shares of Viacom from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, August 4th. Barclays PLC set a $37.00 target price on shares of Viacom and gave the stock an “equal weight” rating in a research note on Friday, August 4th. Finally, Pivotal Research restated a “hold” rating and set a $40.00 target price on shares of Viacom in a research note on Sunday, April 23rd. Five investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $42.14.

About Viacom

Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.

Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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