Oldfield Partners LLP cut its holdings in shares of Viacom, Inc. (NASDAQ:VIAB) by 6.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,745,700 shares of the company’s stock after selling 303,900 shares during the period. Viacom comprises approximately 16.4% of Oldfield Partners LLP’s holdings, making the stock its largest holding. Oldfield Partners LLP owned approximately 1.18% of Viacom worth $160,215,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VIAB. Ladenburg Thalmann Financial Services Inc. boosted its position in Viacom by 34.0% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,723 shares of the company’s stock valued at $269,000 after buying an additional 2,213 shares during the last quarter. LPL Financial LLC boosted its position in Viacom by 88.8% in the 1st quarter. LPL Financial LLC now owns 29,514 shares of the company’s stock valued at $917,000 after buying an additional 13,880 shares during the last quarter. Principal Financial Group Inc. boosted its position in Viacom by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 540,517 shares of the company’s stock valued at $16,788,000 after buying an additional 5,940 shares during the last quarter. Allianz Asset Management GmbH boosted its position in Viacom by 18.0% in the 1st quarter. Allianz Asset Management GmbH now owns 117,545 shares of the company’s stock valued at $3,651,000 after buying an additional 17,943 shares during the last quarter. Finally, DnB Asset Management AS bought a new position in Viacom in the 2nd quarter valued at $1,210,000. Institutional investors and hedge funds own 78.97% of the company’s stock.
VIAB has been the topic of a number of analyst reports. ValuEngine raised Viacom from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 15th. TheStreet raised Viacom from a “c+” rating to a “b-” rating in a research note on Friday, August 31st. UBS Group downgraded Viacom from a “buy” rating to a “neutral” rating and set a $34.00 price target on the stock. in a research note on Monday. BidaskClub raised Viacom from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. Finally, Credit Suisse Group initiated coverage on Viacom in a research note on Tuesday, July 10th. They issued a “neutral” rating and a $33.00 price target on the stock. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $34.50.
Shares of Viacom stock opened at $32.41 on Tuesday. The firm has a market cap of $12.76 billion, a P/E ratio of 8.60, a price-to-earnings-growth ratio of 1.10 and a beta of 1.40. Viacom, Inc. has a 12 month low of $22.13 and a 12 month high of $35.55. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.41 and a current ratio of 1.69.
Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Thursday, August 9th. The company reported $1.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.11. The business had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.27 billion. Viacom had a return on equity of 23.53% and a net margin of 15.65%. The firm’s revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.17 EPS. On average, analysts expect that Viacom, Inc. will post 4.1 EPS for the current year.
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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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