Quantum Capital Management bought a new stake in Viacom, Inc. (NASDAQ:VIAB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,109 shares of the company’s stock, valued at approximately $671,000.
Several other large investors have also made changes to their positions in the company. Pearl River Capital LLC bought a new position in Viacom in the fourth quarter valued at about $26,000. Bruderman Asset Management LLC boosted its holdings in Viacom by 935.5% in the fourth quarter. Bruderman Asset Management LLC now owns 1,139 shares of the company’s stock valued at $29,000 after acquiring an additional 1,029 shares during the last quarter. CWM LLC boosted its holdings in Viacom by 507.6% in the fourth quarter. CWM LLC now owns 1,197 shares of the company’s stock valued at $31,000 after acquiring an additional 1,000 shares during the last quarter. Clarus Wealth Advisors boosted its holdings in Viacom by 3,279.5% in the fourth quarter. Clarus Wealth Advisors now owns 1,487 shares of the company’s stock valued at $38,000 after acquiring an additional 1,443 shares during the last quarter. Finally, Bremer Trust National Association bought a new position in Viacom in the fourth quarter valued at about $45,000. Institutional investors own 80.28% of the company’s stock.
NASDAQ:VIAB opened at $27.99 on Friday. The company has a market cap of $11.28 billion, a price-to-earnings ratio of 6.79, a P/E/G ratio of 0.84 and a beta of 1.46. Viacom, Inc. has a twelve month low of $23.31 and a twelve month high of $34.44. The company has a current ratio of 1.31, a quick ratio of 1.10 and a debt-to-equity ratio of 1.12.
Viacom (NASDAQ:VIAB) last posted its quarterly earnings results on Tuesday, February 5th. The company reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.10. Viacom had a return on equity of 23.34% and a net margin of 11.60%. The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same quarter in the previous year, the firm earned $1.03 EPS. The business’s quarterly revenue was up .6% on a year-over-year basis. Research analysts forecast that Viacom, Inc. will post 4.21 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.86%. Viacom’s dividend payout ratio is currently 19.42%.
VIAB has been the topic of a number of recent analyst reports. Barrington Research restated a “hold” rating on shares of Viacom in a report on Monday, November 19th. ValuEngine upgraded Viacom from a “sell” rating to a “hold” rating in a report on Tuesday, November 20th. Citigroup raised their target price on Viacom from $29.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, November 21st. Goldman Sachs Group initiated coverage on Viacom in a report on Thursday, November 29th. They set a “neutral” rating and a $34.00 target price on the stock. Finally, Wolfe Research started coverage on Viacom in a report on Friday, December 7th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.42.
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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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