Advisor Group Inc. decreased its holdings in shares of Viacom, Inc. (NASDAQ:VIAB) by 66.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,831 shares of the company’s stock after selling 13,263 shares during the quarter. Advisor Group Inc.’s holdings in Viacom were worth $210,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of VIAB. Parametric Portfolio Associates LLC grew its holdings in Viacom by 6.1% during the third quarter. Parametric Portfolio Associates LLC now owns 1,369,740 shares of the company’s stock valued at $38,134,000 after purchasing an additional 78,376 shares during the period. New York State Common Retirement Fund grew its holdings in Viacom by 12.8% during the third quarter. New York State Common Retirement Fund now owns 1,077,100 shares of the company’s stock valued at $29,986,000 after purchasing an additional 121,900 shares during the period. BlackRock Inc. grew its holdings in Viacom by 1.2% during the fourth quarter. BlackRock Inc. now owns 23,226,736 shares of the company’s stock valued at $715,616,000 after purchasing an additional 264,076 shares during the period. Wedbush Securities Inc. acquired a new position in Viacom during the fourth quarter valued at approximately $291,000. Finally, Capital International Investors grew its holdings in Viacom by 19.3% during the third quarter. Capital International Investors now owns 8,761,721 shares of the company’s stock valued at $243,926,000 after purchasing an additional 1,418,000 shares during the period. Institutional investors own 80.99% of the company’s stock.
Viacom stock opened at $30.90 on Friday. The company has a market capitalization of $12,299.56, a PE ratio of 8.20, a P/E/G ratio of 1.15 and a beta of 1.46. Viacom, Inc. has a twelve month low of $22.13 and a twelve month high of $45.59. The company has a quick ratio of 1.14, a current ratio of 1.41 and a debt-to-equity ratio of 1.52.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 3rd. Stockholders of record on Thursday, March 15th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend was Wednesday, March 14th. Viacom’s dividend payout ratio is presently 21.22%.
A number of research analysts recently issued reports on VIAB shares. BidaskClub upgraded shares of Viacom from a “strong sell” rating to a “sell” rating in a report on Friday, December 22nd. Loop Capital restated a “hold” rating and set a $28.00 price objective on shares of Viacom in a report on Wednesday, December 27th. Macquarie cut shares of Viacom from a “neutral” rating to an “underperform” rating and set a $26.00 price objective for the company. in a report on Tuesday, January 2nd. Barrington Research cut shares of Viacom from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 2nd. Finally, Wells Fargo restated a “market perform” rating and set a $32.00 price objective (up previously from $25.00) on shares of Viacom in a report on Thursday, January 4th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Viacom presently has an average rating of “Hold” and a consensus target price of $35.36.
Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.
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