Renaissance Technologies LLC boosted its position in shares of Viacom, Inc. (NASDAQ:VIAB) by 317.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 914,100 shares of the company’s stock after buying an additional 695,000 shares during the period. Renaissance Technologies LLC owned 0.23% of Viacom worth $30,860,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its position in shares of Viacom by 1.4% in the third quarter. Nisa Investment Advisors LLC now owns 112,403 shares of the company’s stock valued at $3,795,000 after acquiring an additional 1,605 shares in the last quarter. HPM Partners LLC lifted its position in shares of Viacom by 15.7% in the second quarter. HPM Partners LLC now owns 12,731 shares of the company’s stock valued at $384,000 after acquiring an additional 1,732 shares in the last quarter. Accuvest Global Advisors lifted its position in shares of Viacom by 7.8% in the third quarter. Accuvest Global Advisors now owns 24,426 shares of the company’s stock valued at $825,000 after acquiring an additional 1,757 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in shares of Viacom by 6.9% in the second quarter. Nissay Asset Management Corp Japan ADV now owns 31,369 shares of the company’s stock valued at $946,000 after acquiring an additional 2,020 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. lifted its position in shares of Viacom by 9.2% in the third quarter. Hussman Strategic Advisors Inc. now owns 27,300 shares of the company’s stock valued at $922,000 after acquiring an additional 2,300 shares in the last quarter. 78.71% of the stock is currently owned by institutional investors.
NASDAQ:VIAB traded up $0.11 during trading hours on Friday, reaching $29.44. 2,142,594 shares of the stock were exchanged, compared to its average volume of 4,498,136. The company has a quick ratio of 1.28, a current ratio of 1.50 and a debt-to-equity ratio of 1.27. The company has a market cap of $11.68 billion, a PE ratio of 7.15, a P/E/G ratio of 1.07 and a beta of 1.41. Viacom, Inc. has a 52 week low of $23.31 and a 52 week high of $35.55.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Friday, November 16th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.37 billion. Viacom had a return on equity of 23.68% and a net margin of 13.28%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 EPS. As a group, sell-side analysts expect that Viacom, Inc. will post 4.25 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 2nd. Stockholders of record on Monday, December 17th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date was Friday, December 14th. Viacom’s payout ratio is 19.42%.
Several research firms recently commented on VIAB. ValuEngine upgraded Viacom from a “sell” rating to a “hold” rating in a research note on Tuesday, November 20th. TheStreet lowered Viacom from a “b-” rating to a “c+” rating in a research note on Wednesday, December 26th. BidaskClub upgraded Viacom from a “strong sell” rating to a “sell” rating in a research note on Monday, September 17th. Zacks Investment Research lowered Viacom from a “buy” rating to a “hold” rating in a research note on Monday, October 15th. Finally, Imperial Capital upgraded Viacom from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $30.00 to $37.00 in a research note on Friday. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.40.
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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