Rhumbline Advisers lowered its stake in Viacom, Inc. (NASDAQ:VIA) by 4.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,966 shares of the company’s stock after selling 350 shares during the quarter. Rhumbline Advisers’ holdings in Viacom were worth $258,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of VIA. Barclays PLC lifted its stake in shares of Viacom by 200.4% in the 4th quarter. Barclays PLC now owns 6,044 shares of the company’s stock valued at $168,000 after purchasing an additional 4,032 shares during the period. Two Sigma Securities LLC acquired a new stake in Viacom during the 4th quarter worth $300,000. Financial Engines Advisors L.L.C. raised its stake in Viacom by 5,362.3% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 17,807 shares of the company’s stock worth $458,000 after buying an additional 17,481 shares during the period. LPL Financial LLC raised its stake in Viacom by 10.1% during the 4th quarter. LPL Financial LLC now owns 17,580 shares of the company’s stock worth $489,000 after buying an additional 1,615 shares during the period. Finally, Millennium Management LLC raised its stake in Viacom by 4.1% during the 4th quarter. Millennium Management LLC now owns 25,686 shares of the company’s stock worth $714,000 after buying an additional 1,003 shares during the period. 1.94% of the stock is currently owned by institutional investors.
Several analysts recently commented on the company. BidaskClub downgraded Viacom from a “hold” rating to a “sell” rating in a research note on Tuesday. TheStreet raised Viacom from a “c+” rating to a “b-” rating in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $34.00.
Viacom (NASDAQ:VIA) last issued its quarterly earnings data on Friday, May 10th. The company reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.14. The business had revenue of $2.96 billion for the quarter. Viacom had a return on equity of 22.60% and a net margin of 12.63%.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.30%. The ex-dividend date is Friday, June 14th.
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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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