Aviva PLC trimmed its holdings in shares of Viacom, Inc. (NASDAQ:VIAB) by 3.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 172,284 shares of the company’s stock after selling 5,466 shares during the quarter. Aviva PLC’s holdings in Viacom were worth $5,816,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Nisa Investment Advisors LLC grew its stake in shares of Viacom by 1.4% during the 3rd 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 grew its stake in shares of Viacom by 15.7% during the 2nd 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 grew its stake in shares of Viacom by 7.8% during the 3rd 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. grew its stake in shares of Viacom by 21.4% during the 2nd 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 grew its stake in shares of Viacom by 6.9% during the 2nd 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. 69.49% of the stock is owned by institutional investors and hedge funds.
NASDAQ:VIAB opened at $29.91 on Friday. Viacom, Inc. has a 1-year low of $26.56 and a 1-year high of $35.55. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.50 and a quick ratio of 1.28. The firm has a market capitalization of $12.44 billion, a P/E ratio of 7.26, a PEG ratio of 1.09 and a beta of 1.42.
Viacom (NASDAQ:VIAB) last released its earnings results on Friday, November 16th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $3.37 billion. During the same period last year, the business earned $0.77 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Viacom, Inc. will post 4.28 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 17th will be paid a $0.20 dividend. The ex-dividend date is Friday, December 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.67%. Viacom’s dividend payout ratio is presently 19.42%.
VIAB has been the subject of several research reports. B. Riley raised shares of Viacom from a “neutral” rating to a “buy” rating and raised their price target for the stock from $34.00 to $39.00 in a research note on Wednesday, September 26th. Macquarie raised shares of Viacom from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $34.00 to $37.00 in a research note on Thursday, September 20th. BidaskClub raised shares of Viacom from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. UBS Group cut shares of Viacom from a “buy” rating to a “neutral” rating and set a $34.00 price target for the company. in a research note on Monday, November 5th. Finally, ValuEngine raised shares of Viacom from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 15th. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $34.15.
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Viacom Company 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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