Clearline Capital LP raised its stake in Viacom, Inc. (NASDAQ:VIAB) by 32.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 473,686 shares of the company’s stock after purchasing an additional 116,373 shares during the period. Viacom comprises 7.5% of Clearline Capital LP’s investment portfolio, making the stock its 2nd biggest position. Clearline Capital LP owned approximately 0.12% of Viacom worth $14,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the business. BlackRock Inc. raised its position in Viacom by 1.2% in the 4th quarter. BlackRock Inc. now owns 23,226,736 shares of the company’s stock valued at $715,616,000 after purchasing an additional 264,076 shares in the last quarter. Capital International Investors raised its position in Viacom by 19.3% in the 3rd quarter. Capital International Investors now owns 8,761,721 shares of the company’s stock valued at $243,926,000 after purchasing an additional 1,418,000 shares in the last quarter. Oldfield Partners LLP raised its position in Viacom by 25.6% in the 4th quarter. Oldfield Partners LLP now owns 6,722,920 shares of the company’s stock valued at $207,134,000 after purchasing an additional 1,368,700 shares in the last quarter. Kiltearn Partners LLP raised its position in Viacom by 93.2% in the 4th quarter. Kiltearn Partners LLP now owns 5,037,600 shares of the company’s stock valued at $155,208,000 after purchasing an additional 2,429,600 shares in the last quarter. Finally, Tremblant Capital Group raised its position in Viacom by 0.3% in the 4th quarter. Tremblant Capital Group now owns 4,520,883 shares of the company’s stock valued at $139,289,000 after purchasing an additional 13,105 shares in the last quarter. 81.00% of the stock is currently owned by institutional investors.
Several equities research analysts have recently weighed in on the company. Atlantic Securities raised Viacom from an “underweight” rating to a “neutral” rating in a research report on Wednesday, February 14th. Pivotal Research reissued a “hold” rating and set a $30.00 target price (up previously from $27.00) on shares of Viacom in a research report on Tuesday, January 9th. ValuEngine lowered Viacom from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. BMO Capital Markets raised their target price on Viacom from $27.00 to $34.00 and gave the stock a “market perform” rating in a research report on Monday, February 12th. Finally, KeyCorp reissued a “hold” rating on shares of Viacom in a research report on Friday, November 24th. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $35.36.
Viacom (NASDAQ:VIAB) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.94 by $0.09. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.14 billion. Viacom had a return on equity of 26.28% and a net margin of 15.49%. The firm’s revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 earnings per share. equities analysts expect that Viacom, Inc. will post 4.04 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Thursday, March 15th will be paid a $0.20 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.44%. Viacom’s dividend payout ratio (DPR) is currently 16.88%.
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Viacom Company Profile
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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