Acadian Asset Management LLC bought a new position in Viacom, Inc. (NASDAQ:VIAB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,116 shares of the company’s stock, valued at approximately $209,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Belpointe Asset Management LLC boosted its position in shares of Viacom by 3.2% in the third quarter. Belpointe Asset Management LLC now owns 15,655 shares of the company’s stock valued at $529,000 after acquiring an additional 491 shares during the period. Atlas Brown Inc. boosted its position in shares of Viacom by 2.6% in the fourth quarter. Atlas Brown Inc. now owns 19,589 shares of the company’s stock valued at $503,000 after acquiring an additional 500 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Viacom by 4.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 13,040 shares of the company’s stock valued at $335,000 after acquiring an additional 600 shares during the period. ClariVest Asset Management LLC boosted its position in shares of Viacom by 9.9% in the fourth quarter. ClariVest Asset Management LLC now owns 7,004 shares of the company’s stock valued at $180,000 after acquiring an additional 632 shares during the period. Finally, CWM LLC boosted its position in shares of 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 period. Hedge funds and other institutional investors own 80.62% of the company’s stock.
Several equities research analysts have issued reports on VIAB shares. Barrington Research reiterated a “hold” rating on shares of Viacom in a research report on Monday, November 19th. Goldman Sachs Group started coverage on shares of Viacom in a research report on Thursday, November 29th. They set a “neutral” rating and a $34.00 target price for the company. Citigroup lifted their target price on shares of Viacom from $29.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, November 21st. ValuEngine upgraded shares of Viacom from a “sell” rating to a “hold” rating in a research report on Tuesday, November 20th. Finally, Wolfe Research started coverage on shares of Viacom in a research report on Friday, December 7th. They set an “outperform” rating for the company. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $34.71.Shares of VIAB opened at $28.86 on Monday. The company has a market capitalization of $11.74 billion, a PE ratio of 7.00, a price-to-earnings-growth ratio of 0.84 and a beta of 1.48. 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, Inc. has a fifty-two week low of $23.31 and a fifty-two week high of $34.44.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings data on Tuesday, February 5th. The company reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.10. The firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.12 billion. Viacom had a net margin of 11.60% and a return on equity of 23.34%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 EPS. Equities research analysts expect that Viacom, Inc. will post 4.21 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be issued a $0.20 dividend. The ex-dividend date is Thursday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.77%. Viacom’s payout ratio is 19.42%.
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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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