Kessler Investment Group LLC trimmed its position in Viacom, Inc. (NASDAQ:VIA) by 2.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,465 shares of the company’s stock after selling 499 shares during the quarter. Kessler Investment Group LLC’s holdings in Viacom were worth $537,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. YorkBridge Wealth Partners LLC raised its stake in Viacom by 23.4% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,110 shares of the company’s stock worth $72,000 after buying an additional 400 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Viacom by 43.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,182 shares of the company’s stock worth $74,000 after purchasing an additional 658 shares during the period. Ossiam purchased a new position in shares of Viacom during the 2nd quarter worth approximately $89,000. Treasurer of the State of North Carolina purchased a new position in shares of Viacom during the 2nd quarter worth approximately $168,000. Finally, AMP Capital Investors Ltd purchased a new position in shares of Viacom during the 2nd quarter worth approximately $211,000. 1.95% of the stock is currently owned by hedge funds and other institutional investors.
VIA stock traded up $0.09 during midday trading on Monday, hitting $24.97. The company’s stock had a trading volume of 674 shares, compared to its average volume of 54,274. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.02. Viacom, Inc. has a 52-week low of $24.54 and a 52-week high of $38.00. The firm has a market capitalization of $10.23 billion, a P/E ratio of 5.95 and a beta of 1.33. The firm has a 50-day simple moving average of $26.66 and a 200-day simple moving average of $32.21.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.80 annualized dividend and a yield of 3.20%.
VIA has been the subject of a number of research analyst reports. TheStreet cut shares of Viacom from a “b-” rating to a “c+” rating in a research report on Thursday, August 22nd. BidaskClub cut shares of Viacom from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 15th. Finally, Guggenheim raised shares of Viacom from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $34.00.
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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