Viacom (NASDAQ:VIA) posted its quarterly earnings results on Thursday. The company reported $1.03 earnings per share (EPS) for the quarter, Morningstar.com reports. Viacom had a return on equity of 28.95% and a net margin of 14.13%.
Viacom (NASDAQ VIA) traded down $1.80 during mid-day trading on Friday, reaching $37.20. The company’s stock had a trading volume of 24,606 shares, compared to its average volume of 54,303. Viacom has a 1 year low of $28.20 and a 1 year high of $49.00. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.30 and a current ratio of 1.55. The stock has a market capitalization of $15,004.19, a P/E ratio of 9.89 and a beta of 1.39.
A number of hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio raised its stake in Viacom by 31.3% during the second quarter. Public Employees Retirement System of Ohio now owns 4,386 shares of the company’s stock valued at $167,000 after buying an additional 1,046 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Viacom by 24.3% in the fourth quarter. California Public Employees Retirement System now owns 7,283 shares of the company’s stock valued at $254,000 after purchasing an additional 1,425 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Viacom by 11.0% during the second quarter. Goldman Sachs Group Inc. now owns 14,489 shares of the company’s stock worth $551,000 after acquiring an additional 1,431 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Viacom by 13.2% during the third quarter. Janney Montgomery Scott LLC now owns 15,895 shares of the company’s stock worth $583,000 after acquiring an additional 1,850 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Viacom by 2.9% during the third quarter. Dimensional Fund Advisors LP now owns 70,190 shares of the company’s stock worth $2,576,000 after acquiring an additional 1,961 shares in the last quarter. 2.40% of the stock is owned by hedge funds and other institutional investors.
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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.
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