Viacom, Inc. Class B (VIAB) Holdings Increased by Legal & General Group Plc

Share on StockTwits

Legal & General Group Plc grew its holdings in shares of Viacom, Inc. Class B (NASDAQ:VIAB) by 2.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,905,614 shares of the company’s stock after acquiring an additional 47,866 shares during the period. Legal & General Group Plc’s holdings in Viacom, Inc. Class B were worth $57,463,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. BlackRock Inc. grew its holdings in Viacom, Inc. Class B by 4.5% during the 2nd quarter. BlackRock Inc. now owns 25,401,036 shares of the company’s stock worth $766,096,000 after acquiring an additional 1,098,601 shares during the period. Contrarius Investment Management Ltd grew its holdings in Viacom, Inc. Class B by 41.7% during the 2nd quarter. Contrarius Investment Management Ltd now owns 4,488,513 shares of the company’s stock worth $135,374,000 after acquiring an additional 1,321,363 shares during the period. Northern Trust Corp grew its holdings in Viacom, Inc. Class B by 2.0% during the 1st quarter. Northern Trust Corp now owns 4,357,108 shares of the company’s stock worth $135,332,000 after acquiring an additional 84,630 shares during the period. Dimensional Fund Advisors LP grew its holdings in Viacom, Inc. Class B by 12.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,939,625 shares of the company’s stock worth $122,365,000 after acquiring an additional 423,710 shares during the period. Finally, Iridian Asset Management LLC CT acquired a new stake in Viacom, Inc. Class B during the 1st quarter worth about $114,756,000. Hedge funds and other institutional investors own 79.09% of the company’s stock.

A number of brokerages have weighed in on VIAB. BidaskClub upgraded Viacom, Inc. Class B from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. ValuEngine upgraded Viacom, Inc. Class B from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 15th. Barrington Research reiterated a “hold” rating on shares of Viacom, Inc. Class B in a report on Wednesday, August 15th. Credit Suisse Group began coverage on Viacom, Inc. Class B in a report on Tuesday, July 10th. They set a “neutral” rating and a $33.00 price target for the company. Finally, Cfra reiterated a “hold” rating and set a $35.00 price target on shares of Viacom, Inc. Class B in a report on Wednesday, June 27th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have given a buy rating to the stock. Viacom, Inc. Class B currently has an average rating of “Hold” and an average price target of $33.82.

Shares of VIAB opened at $29.44 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.69 and a quick ratio of 1.41. The stock has a market capitalization of $11.80 billion, a PE ratio of 7.81, a PEG ratio of 0.91 and a beta of 1.52. Viacom, Inc. Class B has a one year low of $22.13 and a one year high of $35.55.

Viacom, Inc. Class B (NASDAQ:VIAB) last issued its earnings results on Thursday, August 9th. The company reported $1.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.11. Viacom, Inc. Class B had a return on equity of 23.53% and a net margin of 15.65%. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.27 billion. During the same period last year, the business posted $1.17 EPS. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. sell-side analysts forecast that Viacom, Inc. Class B will post 4.1 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Monday, September 17th will be given a $0.20 dividend. The ex-dividend date is Friday, September 14th. This represents a $0.80 annualized dividend and a yield of 2.72%. Viacom, Inc. Class B’s payout ratio is 21.22%.

Viacom, Inc. Class B Company Profile

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.

Recommended Story: How to Invest in Marijuana Stocks

Want to see what other hedge funds are holding VIAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viacom, Inc. Class B (NASDAQ:VIAB).

Institutional Ownership by Quarter for Viacom, Inc. Class B (NASDAQ:VIAB)

Receive News & Ratings for Viacom Inc. Class B Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom Inc. Class B and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply