California Public Employees Retirement System Has $17.38 Million Holdings in Viacom, Inc. (VIAB)

California Public Employees Retirement System lessened its stake in Viacom, Inc. (NASDAQ:VIAB) by 59.8% during the 1st quarter, Holdings Channel reports. The firm owned 619,268 shares of the company’s stock after selling 922,149 shares during the quarter. California Public Employees Retirement System’s holdings in Viacom were worth $17,383,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of VIAB. Quantum Capital Management grew its stake in shares of Viacom by 20.1% during the first quarter. Quantum Capital Management now owns 31,364 shares of the company’s stock worth $880,000 after acquiring an additional 5,255 shares during the last quarter. Regentatlantic Capital LLC grew its stake in shares of Viacom by 19.6% during the first quarter. Regentatlantic Capital LLC now owns 12,837 shares of the company’s stock worth $360,000 after acquiring an additional 2,103 shares during the last quarter. Signition LP purchased a new stake in Viacom in the first quarter valued at approximately $243,000. Gamco Investors INC. ET AL boosted its position in Viacom by 4.4% in the first quarter. Gamco Investors INC. ET AL now owns 1,154,497 shares of the company’s stock valued at $32,407,000 after buying an additional 48,656 shares during the last quarter. Finally, Gabelli Funds LLC boosted its position in Viacom by 0.4% in the first quarter. Gabelli Funds LLC now owns 224,200 shares of the company’s stock valued at $6,293,000 after buying an additional 800 shares during the last quarter. Institutional investors own 81.38% of the company’s stock.

A number of equities research analysts recently commented on VIAB shares. Societe Generale lowered Viacom from a “buy” rating to a “hold” rating in a research report on Thursday, January 24th. ValuEngine upgraded Viacom from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. BidaskClub lowered Viacom from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 14th. Loop Capital upgraded Viacom from a “hold” rating to a “buy” rating and upped their target price for the company from $33.00 to $35.00 in a research report on Friday, March 29th. Finally, Barrington Research reiterated a “buy” rating and issued a $35.00 target price on shares of Viacom in a research report on Tuesday, February 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.47.

Shares of NASDAQ:VIAB opened at $28.45 on Monday. Viacom, Inc. has a 12-month low of $23.31 and a 12-month high of $34.44. The company has a market capitalization of $11.46 billion, a price-to-earnings ratio of 6.91, a P/E/G ratio of 0.91 and a beta of 1.45. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.29 and a quick ratio of 1.07.

Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Friday, May 10th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.15. Viacom had a return on equity of 22.60% and a net margin of 12.63%. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the previous year, the company posted $0.92 earnings per share. Viacom’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, sell-side analysts anticipate that Viacom, Inc. will post 4.01 EPS for the current year.

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About Viacom

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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Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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