Zacks Investment Management lowered its position in Viacom, Inc. (NASDAQ:VIAB) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 206,850 shares of the company’s stock after selling 1,738 shares during the period. Zacks Investment Management owned about 0.05% of Viacom worth $6,179,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Pictet Asset Management Ltd. increased its holdings in Viacom by 21.9% during the second quarter. Pictet Asset Management Ltd. now owns 267,686 shares of the company’s stock worth $7,996,000 after buying an additional 48,097 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in Viacom by 487.9% during the second quarter. Nuveen Asset Management LLC now owns 5,170,026 shares of the company’s stock worth $154,429,000 after buying an additional 4,290,648 shares during the last quarter. Andra AP fonden increased its holdings in Viacom by 8.3% during the second quarter. Andra AP fonden now owns 268,100 shares of the company’s stock worth $8,008,000 after buying an additional 20,500 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Viacom by 1.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 9,035,138 shares of the company’s stock worth $269,880,000 after buying an additional 90,081 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Viacom by 5.8% during the second quarter. Victory Capital Management Inc. now owns 424,155 shares of the company’s stock worth $12,670,000 after buying an additional 23,136 shares during the last quarter. Institutional investors own 76.55% of the company’s stock.
NASDAQ:VIAB traded down $0.40 on Tuesday, reaching $24.60. 173,094 shares of the company’s stock were exchanged, compared to its average volume of 5,764,343. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.36 and a quick ratio of 1.15. The firm has a market cap of $9.94 billion, a price-to-earnings ratio of 5.95, a P/E/G ratio of 0.90 and a beta of 1.36. Viacom, Inc. has a 52 week low of $23.31 and a 52 week high of $34.44. The stock has a fifty day simple moving average of $26.37 and a 200-day simple moving average of $28.63.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be given a $0.20 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.25%. Viacom’s dividend payout ratio (DPR) is currently 19.42%.
A number of analysts recently issued reports on VIAB shares. Moffett Nathanson set a $34.00 price objective on shares of Viacom and gave the stock a “hold” rating in a report on Monday, September 9th. Sanford C. Bernstein decreased their price objective on shares of Viacom from $27.00 to $21.00 and set an “underperform” rating for the company in a report on Tuesday, September 3rd. Guggenheim restated a “buy” rating on shares of Viacom in a report on Wednesday, September 4th. ValuEngine downgraded shares of Viacom from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 20th. Finally, Macquarie downgraded shares of Viacom from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $37.00 to $31.00 in a report on Wednesday, August 14th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $32.71.
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.
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