American International Group Inc. Has $4.59 Million Holdings in Viacom, Inc. (VIAB)

American International Group Inc. cut its position in Viacom, Inc. (NASDAQ:VIAB) by 77.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 135,884 shares of the company’s stock after selling 456,082 shares during the period. American International Group Inc.’s holdings in Viacom were worth $4,587,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its position in shares of Viacom by 1.4% during the third quarter. Nisa Investment Advisors LLC now owns 112,403 shares of the company’s stock worth $3,795,000 after acquiring an additional 1,605 shares in the last quarter. HPM Partners LLC increased its position in shares of Viacom by 15.7% during the second quarter. HPM Partners LLC now owns 12,731 shares of the company’s stock worth $384,000 after acquiring an additional 1,732 shares in the last quarter. Accuvest Global Advisors increased its position in shares of Viacom by 7.8% during the third quarter. Accuvest Global Advisors now owns 24,426 shares of the company’s stock worth $825,000 after acquiring an additional 1,757 shares in the last quarter. Wedbush Securities Inc. increased its position in shares of Viacom by 21.4% during the second quarter. Wedbush Securities Inc. now owns 11,195 shares of the company’s stock worth $338,000 after acquiring an additional 1,971 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its position in shares of Viacom by 6.9% during the second quarter. Nissay Asset Management Corp Japan ADV now owns 31,369 shares of the company’s stock worth $946,000 after acquiring an additional 2,020 shares in the last quarter. Institutional investors own 69.49% of the company’s stock.

VIAB has been the subject of several research reports. B. Riley raised shares of Viacom from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $34.00 to $39.00 in a research report on Wednesday, September 26th. Macquarie raised shares of Viacom from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $34.00 to $37.00 in a research report on Thursday, September 20th. BidaskClub raised shares of Viacom from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. UBS Group downgraded shares of Viacom from a “buy” rating to a “neutral” rating and set a $34.00 price objective for the company. in a research report on Monday, November 5th. Finally, ValuEngine raised shares of Viacom from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 15th. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $34.15.

Viacom stock opened at $29.91 on Friday. The firm has a market capitalization of $12.44 billion, a P/E ratio of 7.26, a price-to-earnings-growth ratio of 1.09 and a beta of 1.42. Viacom, Inc. has a 1-year low of $26.56 and a 1-year high of $35.55. The company has a quick ratio of 1.28, a current ratio of 1.50 and a debt-to-equity ratio of 1.27.

Viacom (NASDAQ:VIAB) last released its earnings results on Friday, November 16th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. Viacom had a net margin of 13.28% and a return on equity of 23.68%. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, research analysts anticipate that Viacom, Inc. will post 4.28 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 17th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Friday, December 14th. Viacom’s dividend payout ratio (DPR) is presently 19.42%.

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Viacom Profile

Viacom, Inc operates media brands that create entertainment content worldwide. The company creates television programs, motion pictures, short-form content, games, consumer products, podcasts, live events, and social media experiences. It operates through two segments, Media Networks and Filmed Entertainment.

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Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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