Millennium Management LLC Increases Position in Viacom, Inc. (NASDAQ:VIAB)

Millennium Management LLC boosted its stake in Viacom, Inc. (NASDAQ:VIAB) by 394.9% during the fourth quarter, according to its most recent 13F …

Viacom logoMillennium Management LLC boosted its stake in Viacom, Inc. (NASDAQ:VIAB) by 394.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 682,861 shares of the company’s stock after buying an additional 544,885 shares during the quarter. Millennium Management LLC owned approximately 0.17% of Viacom worth $17,550,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Pearl River Capital LLC purchased a new position in Viacom in the 4th quarter worth approximately $26,000. Bruderman Asset Management LLC lifted its stake in Viacom by 935.5% in the 4th quarter. Bruderman Asset Management LLC now owns 1,139 shares of the company’s stock worth $29,000 after purchasing an additional 1,029 shares in the last quarter. CWM LLC lifted its stake in Viacom by 507.6% in the 4th quarter. CWM LLC now owns 1,197 shares of the company’s stock worth $31,000 after purchasing an additional 1,000 shares in the last quarter. Clarus Wealth Advisors lifted its stake in Viacom by 3,279.5% in the 4th quarter. Clarus Wealth Advisors now owns 1,487 shares of the company’s stock worth $38,000 after purchasing an additional 1,443 shares in the last quarter. Finally, Bremer Trust National Association purchased a new position in Viacom in the 4th quarter worth approximately $45,000. 80.90% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ VIAB opened at $29.68 on Wednesday. Viacom, Inc. has a 1 year low of $23.31 and a 1 year high of $34.44. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.31 and a quick ratio of 1.10. The company has a market cap of $11.93 billion, a PE ratio of 7.20, a PEG ratio of 0.88 and a beta of 1.45.

Viacom (NASDAQ:VIAB) last posted its earnings results on Tuesday, February 5th. The company reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.10. Viacom had a net margin of 11.60% and a return on equity of 23.34%. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter last year, the firm earned $1.03 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. On average, sell-side analysts expect that Viacom, Inc. will post 4.2 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were issued a $0.20 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.80 annualized dividend and a yield of 2.70%. Viacom’s dividend payout ratio (DPR) is presently 19.42%.

A number of research firms have weighed in on VIAB. Zacks Investment Research lowered shares of Viacom from a “hold” rating to a “sell” rating in a research note on Saturday, January 26th. BidaskClub lowered shares of Viacom from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 20th. Royal Bank of Canada raised shares of Viacom from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $31.00 to $36.00 in a research note on Thursday, April 4th. ValuEngine lowered shares of Viacom from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. Finally, Loop Capital raised shares of Viacom from a “hold” rating to a “buy” rating and raised their target price for the stock from $33.00 to $35.00 in a research note on Friday, March 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $34.57.

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Viacom Company Profile

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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Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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Viacom, Inc. (VIAB) Holdings Trimmed by Brinker Capital Inc.

WINTON GROUP Ltd purchased a new position in Viacom in the 3rd quarter worth approximately $212,000. Commonwealth Equity Services LLC …

Viacom logoBrinker Capital Inc. lowered its stake in shares of Viacom, Inc. (NASDAQ:VIAB) by 18.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,725 shares of the company’s stock after selling 10,958 shares during the period. Brinker Capital Inc.’s holdings in Viacom were worth $1,280,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of VIAB. Russell Investments Group Ltd. raised its holdings in Viacom by 50.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 89,511 shares of the company’s stock worth $3,026,000 after acquiring an additional 30,094 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Viacom by 49.8% in the 3rd quarter. Wells Fargo & Company MN now owns 1,245,137 shares of the company’s stock worth $42,037,000 after acquiring an additional 414,090 shares during the last quarter. WINTON GROUP Ltd purchased a new position in Viacom in the 3rd quarter worth approximately $212,000. Commonwealth Equity Services LLC raised its holdings in Viacom by 10.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 36,577 shares of the company’s stock worth $1,234,000 after acquiring an additional 3,389 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Viacom by 3.4% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,219,661 shares of the company’s stock worth $41,176,000 after acquiring an additional 40,526 shares during the last quarter. Hedge funds and other institutional investors own 80.91% of the company’s stock.

Shares of NASDAQ:VIAB opened at $27.95 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.31 and a debt-to-equity ratio of 1.12. Viacom, Inc. has a 12 month low of $23.31 and a 12 month high of $34.44. The stock has a market capitalization of $11.26 billion, a P/E ratio of 6.78, a price-to-earnings-growth ratio of 0.81 and a beta of 1.46.

Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Tuesday, February 5th. The company reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.10. Viacom had a net margin of 11.60% and a return on equity of 23.34%. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter last year, the firm earned $1.03 EPS. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. On average, sell-side analysts forecast that Viacom, Inc. will post 4.2 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Thursday, March 14th. Viacom’s payout ratio is 19.42%.

A number of equities research analysts have weighed in on the stock. ValuEngine lowered shares of Viacom from a “hold” rating to a “sell” rating in a research note on Tuesday, December 18th. Zacks Investment Research downgraded shares of Viacom from a “hold” rating to a “sell” rating in a report on Saturday, January 26th. Societe Generale downgraded shares of Viacom from a “buy” rating to a “hold” rating in a report on Thursday, January 24th. Barrington Research raised shares of Viacom from a “market perform” rating to an “outperform” rating and set a $35.00 target price for the company in a report on Wednesday, January 2nd. Finally, Goldman Sachs Group began coverage on shares of Viacom in a report on Thursday, November 29th. They issued a “neutral” rating and a $34.00 target price for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $34.42.

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About Viacom

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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Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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Viacom, Inc. (VIAB) Position Lessened by Bokf Na

WINTON GROUP Ltd acquired a new position in shares of Viacom during the third quarter worth approximately $212,000. Commonwealth Equity …

Viacom logoBOKF NA lowered its stake in shares of Viacom, Inc. (NASDAQ:VIAB) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,992 shares of the company’s stock after selling 685 shares during the period. BOKF NA’s holdings in Viacom were worth $540,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. boosted its position in Viacom by 50.6% during the third quarter. Russell Investments Group Ltd. now owns 89,511 shares of the company’s stock worth $3,026,000 after purchasing an additional 30,094 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Viacom by 49.8% during the third quarter. Wells Fargo & Company MN now owns 1,245,137 shares of the company’s stock worth $42,037,000 after buying an additional 414,090 shares during the last quarter. WINTON GROUP Ltd acquired a new position in shares of Viacom during the third quarter worth approximately $212,000. Commonwealth Equity Services LLC lifted its holdings in shares of Viacom by 10.2% during the third quarter. Commonwealth Equity Services LLC now owns 36,577 shares of the company’s stock worth $1,234,000 after buying an additional 3,389 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Viacom by 3.4% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,219,661 shares of the company’s stock worth $41,176,000 after buying an additional 40,526 shares during the last quarter. Hedge funds and other institutional investors own 80.91% of the company’s stock.

NASDAQ:VIAB opened at $27.95 on Thursday. The firm has a market cap of $11.26 billion, a P/E ratio of 6.78, a price-to-earnings-growth ratio of 0.81 and a beta of 1.46. Viacom, Inc. has a 52-week low of $23.31 and a 52-week high of $34.44. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.31 and a quick ratio of 1.10.

Viacom (NASDAQ:VIAB) last released its quarterly earnings results on Tuesday, February 5th. The company reported $1.12 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter last year, the business posted $1.03 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. Equities research analysts anticipate that Viacom, Inc. will post 4.2 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.86%. Viacom’s payout ratio is 19.42%.

A number of equities research analysts have recently commented on the company. Goldman Sachs Group began coverage on Viacom in a research report on Thursday, November 29th. They set a “neutral” rating and a $34.00 price target on the stock. B. Riley lowered their target price on Viacom from $39.00 to $30.00 in a report on Friday, December 28th. BidaskClub upgraded Viacom from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 6th. Zacks Investment Research lowered Viacom from a “hold” rating to a “sell” rating in a research report on Saturday, January 26th. Finally, ValuEngine upgraded Viacom from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $34.42.

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Viacom Profile

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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Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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Commonwealth Bank of Australia Buys 7222 Shares of Viacom, Inc. (VIAB)

AQR Capital Management LLC grew its holdings in Viacom by 9.6% in the third quarter. AQR Capital Management LLC now owns 7,008,127 shares …

Viacom logoCommonwealth Bank of Australia increased its stake in shares of Viacom, Inc. (NASDAQ:VIAB) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,328 shares of the company’s stock after purchasing an additional 7,222 shares during the quarter. Commonwealth Bank of Australia’s holdings in Viacom were worth $4,373,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc grew its holdings in Viacom by 1.6% during the third quarter. Vanguard Group Inc now owns 38,037,506 shares of the company’s stock worth $1,284,147,000 after acquiring an additional 585,381 shares during the period. BlackRock Inc. grew its holdings in Viacom by 1.0% in the fourth quarter. BlackRock Inc. now owns 27,578,297 shares of the company’s stock valued at $708,764,000 after purchasing an additional 265,799 shares during the period. AQR Capital Management LLC grew its holdings in Viacom by 9.6% in the third quarter. AQR Capital Management LLC now owns 7,008,127 shares of the company’s stock valued at $236,594,000 after purchasing an additional 612,741 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Viacom by 3,319.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,573,957 shares of the company’s stock valued at $256,000 after purchasing an additional 6,381,702 shares during the period. Finally, Capital World Investors grew its holdings in Viacom by 28.0% in the third quarter. Capital World Investors now owns 5,482,488 shares of the company’s stock valued at $185,089,000 after purchasing an additional 1,199,988 shares during the period. Hedge funds and other institutional investors own 80.91% of the company’s stock.

Several analysts have commented on VIAB shares. Zacks Investment Research raised Viacom from a “sell” rating to a “hold” rating in a report on Saturday, February 9th. BidaskClub downgraded Viacom from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 14th. Imperial Capital upgraded Viacom from an “in-line” rating to an “outperform” rating and raised their target price for the company from $30.00 to $37.00 in a research report on Friday, January 11th. B. Riley reduced their price objective on Viacom from $39.00 to $30.00 in a research report on Friday, December 28th. Finally, TheStreet downgraded Viacom from a “b-” rating to a “c+” rating in a research report on Wednesday, December 26th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $34.42.

Shares of NASDAQ VIAB opened at $26.32 on Tuesday. Viacom, Inc. has a twelve month low of $23.31 and a twelve month high of $34.44. The company has a quick ratio of 1.10, a current ratio of 1.31 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $10.21 billion, a PE ratio of 6.39, a PEG ratio of 0.73 and a beta of 1.46.

Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Tuesday, February 5th. The company reported $1.12 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The company’s revenue was up .6% on a year-over-year basis. As a group, research analysts anticipate that Viacom, Inc. will post 4.21 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors 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 yield of 3.04%. Viacom’s payout ratio is 19.42%.

TRADEMARK VIOLATION NOTICE: This story was first published by Fairfield Current and is the property of of Fairfield Current. If you are accessing this story on another publication, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this story can be viewed at https://www.fairfieldcurrent.com/news/2019/03/26/commonwealth-bank-of-australia-has-4-37-million-stake-in-viacom-inc-viab.html.

Viacom Company Profile

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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Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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Quantum Capital Management Invests $671000 in Viacom, Inc. (NASDAQ:VIAB) Stock

Quantum Capital Management acquired a new stake in shares of Viacom, Inc. (NASDAQ:VIAB) in the 4th quarter, according to the company in its most …

Viacom logoQuantum Capital Management acquired a new stake in shares of Viacom, Inc. (NASDAQ:VIAB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 26,109 shares of the company’s stock, valued at approximately $671,000.

Other large investors have also bought and sold shares of the company. Macquarie Group Ltd. grew its holdings in shares of Viacom by 1.5% during the 3rd quarter. Macquarie Group Ltd. now owns 321,544 shares of the company’s stock worth $10,855,000 after acquiring an additional 4,700 shares during the period. Virginia National Bank lifted its position in Viacom by 197.2% in the 4th quarter. Virginia National Bank now owns 212,470 shares of the company’s stock valued at $5,461,000 after acquiring an additional 140,990 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Viacom by 50.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 89,511 shares of the company’s stock valued at $3,026,000 after acquiring an additional 30,094 shares in the last quarter. First Trust Advisors LP lifted its position in Viacom by 8.1% in the 3rd quarter. First Trust Advisors LP now owns 819,495 shares of the company’s stock valued at $27,666,000 after acquiring an additional 61,720 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd bought a new position in Viacom in the 4th quarter valued at approximately $7,823,000. 79.87% of the stock is owned by institutional investors.

Shares of NASDAQ:VIAB traded down $0.64 during trading on Friday, reaching $25.34. The company’s stock had a trading volume of 10,261,564 shares, compared to its average volume of 4,479,903. 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, Inc. has a 12 month low of $23.31 and a 12 month high of $34.44. The company has a market cap of $10.21 billion, a price-to-earnings ratio of 6.15, a PEG ratio of 0.73 and a beta of 1.46.

Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Tuesday, February 5th. The company reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.10. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.12 billion. Viacom had a net margin of 11.60% and a return on equity of 23.34%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 EPS. As a group, equities analysts forecast that Viacom, Inc. will post 4.21 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Thursday, March 14th. Viacom’s payout ratio is currently 19.42%.

VIAB has been the topic of several analyst reports. Goldman Sachs Group assumed coverage on Viacom in a research report on Thursday, November 29th. They issued a “neutral” rating and a $34.00 price objective on the stock. Barrington Research upgraded shares of Viacom from a “market perform” rating to an “outperform” rating and set a $35.00 target price for the company in a research note on Wednesday, January 2nd. Imperial Capital upgraded shares of Viacom from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $30.00 to $37.00 in a research note on Friday, January 11th. TheStreet lowered Viacom from a “b-” rating to a “c+” rating in a research note on Wednesday, December 26th. Finally, Wolfe Research started coverage on Viacom in a research note on Friday, December 7th. They issued an “outperform” rating for the company. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Viacom presently has an average rating of “Hold” and a consensus target price of $34.42.

TRADEMARK VIOLATION NOTICE: This report was posted by Fairfield Current and is owned by of Fairfield Current. If you are reading this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this report can be viewed at https://www.fairfieldcurrent.com/news/2019/03/24/quantum-capital-management-invests-671000-in-viacom-inc-viab-stock.html.

Viacom Company Profile

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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Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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