California State Teachers Retirement System Trims Position in Viacom, Inc. (VIAB)

California State Teachers Retirement System trimmed its holdings in shares of Viacom, Inc. (NASDAQ:VIAB) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 676,536 shares of the company’s stock after selling 4,804 shares during the period. California State Teachers Retirement System owned about 0.17% of Viacom worth $17,387,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Pearl River Capital LLC acquired a new position in Viacom in the 4th quarter worth approximately $26,000. Bruderman Asset Management LLC boosted its stake in Viacom by 935.5% in the 4th quarter. Bruderman Asset Management LLC now owns 1,139 shares of the company’s stock worth $29,000 after purchasing an additional 1,029 shares during the period. CWM LLC boosted its stake in Viacom by 507.6% in the 4th quarter. CWM LLC now owns 1,197 shares of the company’s stock worth $31,000 after purchasing an additional 1,000 shares during the period. Clarus Wealth Advisors boosted its stake in Viacom by 3,279.5% in the 4th quarter. Clarus Wealth Advisors now owns 1,487 shares of the company’s stock worth $38,000 after purchasing an additional 1,443 shares during the period. Finally, Bremer Trust National Association acquired a new position in Viacom in the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 80.28% of the company’s stock.

VIAB stock opened at $27.99 on Friday. Viacom, Inc. has a 12-month low of $23.31 and a 12-month high of $34.44. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.31 and a quick ratio of 1.10. The company has a market capitalization of $11.28 billion, a price-to-earnings ratio of 6.79, a P/E/G ratio of 0.84 and a beta of 1.46.

Viacom (NASDAQ:VIAB) last released its earnings results on Tuesday, February 5th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.10. Viacom had a net margin of 11.60% and a return on equity of 23.34%. The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The company’s revenue was up .6% compared to the same quarter last year. On average, research analysts expect that Viacom, Inc. will post 4.21 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.86%. Viacom’s payout ratio is 19.42%.

A number of equities analysts recently commented on VIAB shares. Zacks Investment Research raised shares of Viacom from a “sell” rating to a “hold” rating in a research note on Saturday, February 9th. BidaskClub lowered shares of Viacom from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 14th. Citigroup raised their price objective on shares of Viacom from $29.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 21st. Imperial Capital raised shares of Viacom from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $30.00 to $37.00 in a research note on Friday, January 11th. Finally, B. Riley decreased their price objective on shares of Viacom from $39.00 to $30.00 in a research note on Friday, December 28th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Viacom currently has a consensus rating of “Hold” and a consensus price target of $34.42.

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Viacom Company Profile

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.

Read More: Cost of Debt

Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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