Stone Ridge Asset Management LLC bought a new stake in Viacom, Inc. (NASDAQ:VIA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,013 shares of the company’s stock, valued at approximately $210,000.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Gabelli Funds LLC raised its position in shares of Viacom by 0.7% in the 4th quarter. Gabelli Funds LLC now owns 1,870,747 shares of the company’s stock valued at $65,289,000 after purchasing an additional 13,326 shares in the last quarter. BlackRock Inc. raised its position in shares of Viacom by 6.6% in the 4th quarter. BlackRock Inc. now owns 229,391 shares of the company’s stock valued at $8,007,000 after purchasing an additional 14,274 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Viacom by 2.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 70,190 shares of the company’s stock valued at $2,576,000 after purchasing an additional 1,961 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Viacom by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 58,267 shares of the company’s stock valued at $2,033,000 after purchasing an additional 5,026 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Viacom by 6.5% in the 4th quarter. Bank of New York Mellon Corp now owns 52,422 shares of the company’s stock valued at $1,830,000 after purchasing an additional 3,203 shares in the last quarter. 2.30% of the stock is currently owned by institutional investors.
VIA stock opened at $35.50 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.14 and a debt-to-equity ratio of 1.52. The company has a market cap of $14,383.69, a P/E ratio of 9.51 and a beta of 1.26. Viacom, Inc. has a 12-month low of $28.20 and a 12-month high of $47.75.
Viacom (NASDAQ:VIA) last posted its quarterly earnings results on Thursday, February 8th. The company reported $1.03 earnings per share (EPS) for the quarter. The business had revenue of $3.07 billion for the quarter. Viacom had a return on equity of 26.28% and a net margin of 15.49%.
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 3rd. Investors of record on Thursday, March 15th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend was Wednesday, March 14th.
A number of equities analysts have issued reports on VIA shares. Rosenblatt Securities reaffirmed a “sell” rating and issued a $45.00 target price on shares of Viacom in a research report on Tuesday, January 16th. Loop Capital reissued a “hold” rating and set a $27.00 price target (down from $28.00) on shares of Viacom in a research report on Wednesday, December 27th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $39.00.
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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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