Lingohr & Partner Asset Management GmbH decreased its stake in shares of Viacom, Inc. (NASDAQ:VIAB) by 16.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 41,174 shares of the company’s stock after selling 7,826 shares during the period. Viacom comprises approximately 0.9% of Lingohr & Partner Asset Management GmbH’s holdings, making the stock its 23rd largest position. Lingohr & Partner Asset Management GmbH’s holdings in Viacom were worth $1,390,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its stake in shares of Viacom by 56.0% in the 1st quarter. Russell Investments Group Ltd. now owns 124,059 shares of the company’s stock worth $3,832,000 after purchasing an additional 44,535 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Viacom by 11.2% in the 1st quarter. Stifel Financial Corp now owns 42,382 shares of the company’s stock worth $1,316,000 after purchasing an additional 4,268 shares during the last quarter. GSA Capital Partners LLP grew its stake in shares of Viacom by 171.0% in the 1st quarter. GSA Capital Partners LLP now owns 19,916 shares of the company’s stock worth $619,000 after purchasing an additional 12,568 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Viacom by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 540,517 shares of the company’s stock worth $16,788,000 after purchasing an additional 5,940 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of Viacom by 19.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 41,643 shares of the company’s stock worth $1,293,000 after purchasing an additional 6,711 shares during the last quarter. 79.02% of the stock is currently owned by hedge funds and other institutional investors.
Shares of VIAB stock traded up $0.12 during trading on Thursday, hitting $33.53. 30,165 shares of the company were exchanged, compared to its average volume of 3,621,911. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.41 and a current ratio of 1.69. The stock has a market cap of $13.60 billion, a P/E ratio of 8.88, a P/E/G ratio of 1.26 and a beta of 1.48. Viacom, Inc. has a twelve month low of $22.13 and a twelve month high of $35.55.
Viacom (NASDAQ:VIAB) last posted its quarterly earnings results on Thursday, August 9th. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.07 by $0.11. The business had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.27 billion. Viacom had a net margin of 15.65% and a return on equity of 23.53%. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period last year, the company posted $1.17 earnings per share. Sell-side analysts predict that Viacom, Inc. will post 4.09 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Monday, September 17th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Friday, September 14th. Viacom’s dividend payout ratio is currently 21.22%.
Several research analysts have commented on the stock. BidaskClub cut shares of Viacom from a “sell” rating to a “strong sell” rating in a report on Friday, July 20th. B. Riley upgraded shares of Viacom from a “neutral” rating to a “buy” rating and raised their target price for the stock from $34.00 to $39.00 in a report on Wednesday, September 26th. Macquarie upgraded shares of Viacom from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $34.00 to $37.00 in a report on Thursday, September 20th. Morgan Stanley reiterated an “equal weight” rating and issued a $34.00 target price on shares of Viacom in a report on Monday. Finally, Barrington Research reiterated a “hold” rating on shares of Viacom in a report on Wednesday, August 15th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $34.70.
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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