NWQ Investment Management Company LLC raised its position in Viacom, Inc. (NASDAQ:VIAB) by 18.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,097,710 shares of the company’s stock after acquiring an additional 332,467 shares during the period. NWQ Investment Management Company LLC owned about 0.52% of Viacom worth $64,630,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Gravity Companies Inc. bought a new stake in Viacom in the 4th quarter valued at approximately $202,000. Lehman Financial Resources Inc. bought a new stake in Viacom in the 4th quarter valued at approximately $207,000. Hourglass Capital LLC bought a new stake in Viacom in the 4th quarter valued at approximately $220,000. SeaCrest Wealth Management LLC bought a new stake in Viacom in the 4th quarter valued at approximately $225,000. Finally, Mackenzie Financial Corp bought a new stake in Viacom in the 4th quarter valued at approximately $227,000. Hedge funds and other institutional investors own 81.00% of the company’s stock.
Shares of Viacom, Inc. (VIAB) opened at $32.85 on Monday. Viacom, Inc. has a 12 month low of $22.13 and a 12 month high of $46.72. The company has a quick ratio of 1.14, a current ratio of 1.41 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $13,164.60, a price-to-earnings ratio of 6.54, a P/E/G ratio of 0.95 and a beta of 1.47.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Thursday, March 15th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Wednesday, March 14th. Viacom’s dividend payout ratio (DPR) is presently 16.00%.
Several equities research analysts have commented on the company. Wells Fargo & Co restated a “hold” rating on shares of Viacom in a research note on Monday, January 29th. BidaskClub upgraded Viacom from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. Rosenblatt Securities cut Viacom from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 16th. Barclays set a $33.00 price objective on Viacom and gave the stock a “hold” rating in a research note on Tuesday, January 23rd. Finally, Zacks Investment Research cut Viacom from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $35.36.
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Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.
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