Bank of New York Mellon Corp increased its position in shares of Viacom Inc (NASDAQ:VIA) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,422 shares of the company’s stock after acquiring an additional 3,203 shares during the period. Bank of New York Mellon Corp’s holdings in Viacom were worth $1,830,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in VIA. Dimensional Fund Advisors LP increased its stake in Viacom by 2.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 70,190 shares of the company’s stock worth $2,576,000 after purchasing an additional 1,961 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Viacom by 13.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 15,895 shares of the company’s stock worth $583,000 after purchasing an additional 1,850 shares in the last quarter. California Public Employees Retirement System purchased a new position in Viacom in the 3rd quarter worth about $215,000. Berkshire Asset Management LLC PA purchased a new position in Viacom in the 4th quarter worth about $202,000. Finally, Gabelli Funds LLC increased its stake in Viacom by 0.7% in the 4th quarter. Gabelli Funds LLC now owns 1,870,747 shares of the company’s stock worth $65,289,000 after purchasing an additional 13,326 shares in the last quarter. 2.30% of the stock is currently owned by hedge funds and other institutional investors.
VIA has been the topic of a number of analyst reports. Rosenblatt Securities reissued a “sell” rating and issued a $45.00 price target on shares of Viacom in a research note on Tuesday, January 16th. Loop Capital reissued a “hold” rating and issued a $27.00 price target (down previously from $28.00) on shares of Viacom in a research note on Wednesday, December 27th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $39.00.
Shares of VIA opened at $35.85 on Thursday. The stock has a market capitalization of $14,604.98, a P/E ratio of 9.65 and a beta of 1.26. Viacom Inc has a 1-year low of $28.20 and a 1-year high of $46.80. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.14 and a current ratio of 1.41.
Viacom (NASDAQ:VIA) last issued its quarterly earnings results on Thursday, February 8th. The company reported $1.03 earnings per share for the quarter. Viacom had a return on equity of 26.28% and a net margin of 15.49%. The firm had revenue of $3.07 billion for the quarter.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 3rd. Shareholders of record on Thursday, March 15th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.23%.
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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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