LPL Financial LLC lessened its holdings in Viacom, Inc. (NASDAQ:VIAB) by 16.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 19,928 shares of the company’s stock after selling 3,915 shares during the quarter. LPL Financial LLC’s holdings in Viacom were worth $673,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in Viacom by 36,808.3% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,429 shares of the company’s stock worth $134,000 after purchasing an additional 4,417 shares in the last quarter. Ancora Advisors LLC bought a new stake in Viacom during the third quarter worth about $169,000. Baird Financial Group Inc. bought a new stake in Viacom during the third quarter worth about $201,000. Commerce Bank bought a new stake in Viacom during the third quarter worth about $210,000. Finally, WINTON GROUP Ltd bought a new stake in Viacom during the third quarter worth about $212,000. 78.71% of the stock is owned by hedge funds and other institutional investors.
VIAB opened at $29.44 on Friday. Viacom, Inc. has a one year low of $23.31 and a one year high of $35.55. The company has a current ratio of 1.50, a quick ratio of 1.28 and a debt-to-equity ratio of 1.27. The company has a market cap of $11.68 billion, a PE ratio of 7.15, a P/E/G ratio of 1.07 and a beta of 1.41.
Viacom (NASDAQ:VIAB) last released its quarterly earnings results on Friday, November 16th. The company reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.04. Viacom had a net margin of 13.28% and a return on equity of 23.68%. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same period in the prior year, the firm earned $0.77 earnings per share. Viacom’s revenue was up 5.0% compared to the same quarter last year. As a group, equities analysts anticipate that Viacom, Inc. will post 4.25 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 2nd. Stockholders of record on Monday, December 17th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, December 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.72%. Viacom’s dividend payout ratio (DPR) is currently 19.42%.
VIAB has been the topic of several research analyst reports. B. Riley decreased their price objective on shares of Viacom from $39.00 to $30.00 in a research note on Friday, December 28th. Zacks Investment Research raised shares of Viacom from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Friday, October 12th. BidaskClub raised shares of Viacom from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. TheStreet cut shares of Viacom from a “b-” rating to a “c+” rating in a research note on Wednesday, December 26th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $34.00 price objective on shares of Viacom in a research note on Monday, October 15th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $34.40.
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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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