Tompkins Financial Corp bought a new position in shares of ViacomCBS Inc. (NASDAQ:VIAC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,200 shares of the company’s stock, valued at approximately $28,000.

Other hedge funds have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of ViacomCBS during the second quarter worth about $27,000. Lowe Wealth Advisors LLC acquired a new stake in ViacomCBS in the second quarter valued at approximately $36,000. Ellevest Inc. bought a new stake in ViacomCBS in the second quarter worth approximately $38,000. Whittier Trust Co. acquired a new position in shares of ViacomCBS during the 2nd quarter worth $50,000. Finally, Global Retirement Partners LLC bought a new position in shares of ViacomCBS during the 2nd quarter valued at $53,000. 69.10% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have commented on VIAC. Deutsche Bank lowered their target price on shares of ViacomCBS from $60.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. Zacks Investment Research raised ViacomCBS from a “sell” rating to a “hold” rating and set a $25.00 price objective on the stock in a research note on Thursday, July 16th. Morgan Stanley boosted their target price on ViacomCBS from $19.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Imperial Capital increased their price target on ViacomCBS from $42.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, June 8th. Finally, ValuEngine upgraded shares of ViacomCBS from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 2nd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $29.83.

Shares of VIAC stock opened at $26.07 on Friday. ViacomCBS Inc. has a 1 year low of $10.10 and a 1 year high of $52.62. The firm’s 50 day moving average is $23.83 and its 200-day moving average is $23.43. The firm has a market capitalization of $15.88 billion, a price-to-earnings ratio of 6.13, a PEG ratio of 0.68 and a beta of 1.87. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.47.

ViacomCBS (NASDAQ:VIAC) last posted its quarterly earnings data on Thursday, May 7th. The company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.18. The firm had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.57 billion. ViacomCBS had a net margin of 4.93% and a return on equity of 22.83%. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, equities research analysts forecast that ViacomCBS Inc. will post 3.8 earnings per share for the current fiscal year.

In related news, Director Linda M. Griego sold 18,075 shares of ViacomCBS stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $28.49, for a total transaction of $514,956.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

About ViacomCBS

ViacomCBS Inc operates as a mass media company worldwide. The company operates in four segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; produces, acquires, and/or distributes programming, including series, specials, news, and public affairs; operates online content networks for information and entertainment; produces theatrical films; and digital streaming services.

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Institutional Ownership by Quarter for ViacomCBS (NASDAQ:VIAC)

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