First Horizon Advisors Inc. boosted its position in ViacomCBS Inc. (NASDAQ:VIAC) by 107.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,742 shares of the company’s stock after buying an additional 2,454 shares during the quarter. First Horizon Advisors Inc.’s holdings in ViacomCBS were worth $132,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of VIAC. Boit C F David bought a new stake in ViacomCBS in the 2nd quarter valued at $32,000. Tompkins Financial Corp bought a new stake in ViacomCBS in the 3rd quarter valued at $40,000. Herold Advisors Inc. bought a new stake in ViacomCBS in the 3rd quarter valued at $39,000. SOA Wealth Advisors LLC. boosted its holdings in ViacomCBS by 63.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 1,029 shares of the company’s stock valued at $40,000 after purchasing an additional 399 shares during the period. Finally, Clearstead Advisors LLC boosted its holdings in ViacomCBS by 12,900.0% in the 2nd quarter. Clearstead Advisors LLC now owns 1,040 shares of the company’s stock valued at $47,000 after purchasing an additional 1,032 shares during the period. Institutional investors and hedge funds own 62.42% of the company’s stock.
Shares of VIAC stock opened at $36.82 on Friday. The company’s fifty day simple moving average is $32.40 and its 200-day simple moving average is $37.47. The company has a quick ratio of 1.48, a current ratio of 1.66 and a debt-to-equity ratio of 0.84. The firm has a market cap of $23.84 billion, a PE ratio of 7.21, a P/E/G ratio of 0.68 and a beta of 1.58. ViacomCBS Inc. has a 12 month low of $28.29 and a 12 month high of $101.97.
In other ViacomCBS news, Director Shari Redstone purchased 27,525 shares of the firm’s stock in a transaction that occurred on Friday, November 5th. The shares were acquired at an average cost of $36.30 per share, for a total transaction of $999,157.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert M. Bakish purchased 14,000 shares of the firm’s stock in a transaction that occurred on Monday, November 8th. The stock was acquired at an average price of $35.92 per share, for a total transaction of $502,880.00. The disclosure for this purchase can be found here. 0.37% of the stock is owned by insiders.
A number of equities analysts have recently commented on VIAC shares. The Goldman Sachs Group reduced their price objective on shares of ViacomCBS from $75.00 to $65.00 and set a “buy” rating for the company in a report on Friday, November 5th. TheStreet downgraded shares of ViacomCBS from a “b-” rating to a “c” rating in a report on Wednesday, December 8th. KeyCorp reduced their price objective on shares of ViacomCBS from $34.00 to $32.00 and set an “underweight” rating for the company in a report on Friday, November 5th. Credit Suisse Group reduced their price objective on shares of ViacomCBS from $46.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, November 5th. Finally, Macquarie reduced their price objective on shares of ViacomCBS from $40.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday, December 14th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, ViacomCBS has an average rating of “Hold” and an average price target of $48.00.
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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