JustInvest LLC Has $361,000 Stock Holdings in ViacomCBS Inc. (NASDAQ:VIAC)

JustInvest LLC decreased its position in ViacomCBS Inc. (NASDAQ:VIAC) by 30.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,141 shares of the company’s stock after selling 4,011 shares during the quarter. JustInvest LLC’s holdings in ViacomCBS were worth $361,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of VIAC. FMR LLC grew its holdings in shares of ViacomCBS by 262.5% in the 2nd quarter. FMR LLC now owns 6,200,502 shares of the company’s stock worth $280,262,000 after purchasing an additional 4,489,938 shares during the last quarter. Morgan Stanley boosted its stake in shares of ViacomCBS by 73.6% in the 2nd quarter. Morgan Stanley now owns 10,476,676 shares of the company’s stock valued at $473,546,000 after purchasing an additional 4,440,190 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of ViacomCBS by 6.3% in the 2nd quarter. Vanguard Group Inc. now owns 64,235,732 shares of the company’s stock valued at $2,903,455,000 after purchasing an additional 3,789,299 shares during the last quarter. BlackRock Inc. boosted its stake in shares of ViacomCBS by 7.7% in the 2nd quarter. BlackRock Inc. now owns 44,189,709 shares of the company’s stock valued at $1,997,377,000 after purchasing an additional 3,164,706 shares during the last quarter. Finally, Ariel Investments LLC boosted its stake in shares of ViacomCBS by 301.0% in the 2nd quarter. Ariel Investments LLC now owns 2,967,040 shares of the company’s stock valued at $134,110,000 after purchasing an additional 2,227,071 shares during the last quarter. 62.42% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Robert M. Bakish bought 14,000 shares of the firm’s stock in a transaction that occurred on Monday, November 8th. The stock was acquired at an average cost of $35.92 per share, with a total value of $502,880.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Shari Redstone bought 27,525 shares of the firm’s stock in a transaction that occurred on Friday, November 5th. The stock was purchased at an average cost of $36.30 per share, with a total value of $999,157.50. The disclosure for this purchase can be found here. 0.37% of the stock is owned by company insiders.

NASDAQ VIAC opened at $36.82 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.66 and a debt-to-equity ratio of 0.84. ViacomCBS Inc. has a 12-month low of $28.29 and a 12-month high of $101.97. The company has a market capitalization of $23.84 billion, a PE ratio of 7.21, a price-to-earnings-growth ratio of 0.68 and a beta of 1.58. The firm’s 50 day moving average is $32.40 and its 200-day moving average is $37.47.

ViacomCBS (NASDAQ:VIAC) last posted its quarterly earnings data on Thursday, November 4th. The company reported $0.76 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.76. ViacomCBS had a net margin of 12.00% and a return on equity of 14.20%. The company had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.57 billion. During the same period last year, the company earned $0.91 earnings per share. The firm’s revenue was up 13.2% compared to the same quarter last year. As a group, sell-side analysts expect that ViacomCBS Inc. will post 3.62 EPS for the current year.

VIAC has been the topic of several recent research reports. Macquarie reduced their target price on shares of ViacomCBS from $40.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 14th. The Goldman Sachs Group cut their price target on shares of ViacomCBS from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, November 5th. Credit Suisse Group cut their price target on shares of ViacomCBS from $46.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, November 5th. TheStreet downgraded shares of ViacomCBS from a “b-” rating to a “c” rating in a research report on Wednesday, December 8th. Finally, Royal Bank of Canada cut their price target on shares of ViacomCBS from $52.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, November 5th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, ViacomCBS has a consensus rating of “Hold” and a consensus target price of $48.00.

About ViacomCBS

ViacomCBS, Inc operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world. It operates its business through following segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Interactive, and CBS Films as well as the Company’s digital streaming services, CBS All Access and CBSN.

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Institutional Ownership by Quarter for ViacomCBS (NASDAQ:VIAC)

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