BB&T Securities LLC lifted its position in shares of Viacom, Inc. (NASDAQ:VIAB) by 49.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 99,660 shares of the company’s stock after purchasing an additional 33,116 shares during the period. BB&T Securities LLC’s holdings in Viacom were worth $2,561,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in VIAB. Vanguard Group Inc boosted its position in shares of Viacom by 1.6% during the 3rd quarter. Vanguard Group Inc now owns 38,037,506 shares of the company’s stock valued at $1,284,147,000 after acquiring an additional 585,381 shares during the last quarter. BlackRock Inc. increased its stake in shares of Viacom by 7.5% during the 3rd quarter. BlackRock Inc. now owns 27,312,498 shares of the company’s stock worth $922,070,000 after purchasing an additional 1,911,462 shares during the last quarter. AQR Capital Management LLC grew its holdings in Viacom by 9.6% in the third quarter. AQR Capital Management LLC now owns 7,008,127 shares of the company’s stock worth $236,594,000 after purchasing an additional 612,741 shares during the period. Capital World Investors raised its holdings in Viacom by 28.0% during the 3rd quarter. Capital World Investors now owns 5,482,488 shares of the company’s stock valued at $185,089,000 after buying an additional 1,199,988 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Viacom by 12.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,443,549 shares of the company’s stock valued at $183,775,000 after buying an additional 584,495 shares in the last quarter. 80.52% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on the company. ValuEngine lowered Viacom from a “hold” rating to a “sell” rating in a report on Tuesday, December 18th. Zacks Investment Research cut Viacom from a “hold” rating to a “sell” rating in a research note on Saturday, January 26th. Societe Generale cut Viacom from a “buy” rating to a “hold” rating in a research report on Thursday, January 24th. BidaskClub upgraded shares of Viacom from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Finally, Barrington Research raised shares of Viacom from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a report on Wednesday, January 2nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $34.71.
VIAB opened at $28.53 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.31 and a debt-to-equity ratio of 1.12. Viacom, Inc. has a 1 year low of $23.31 and a 1 year high of $34.58. The firm has a market capitalization of $11.56 billion, a P/E ratio of 6.92, a PEG ratio of 0.84 and a beta of 1.48.
Viacom (NASDAQ:VIAB) last posted its earnings results on Tuesday, February 5th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.02 by $0.10. Viacom had a return on equity of 23.34% and a net margin of 11.60%. The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis. As a group, equities research analysts forecast that Viacom, Inc. will post 4.21 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.80%. Viacom’s payout ratio is presently 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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