NWQ Investment Management Company LLC reduced its position in Viacom, Inc. (NASDAQ:VIAB) by 12.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,765,243 shares of the company’s stock after selling 259,963 shares during the period. NWQ Investment Management Company LLC owned 0.44% of Viacom worth $49,144,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of VIAB. Johnson Financial Group Inc. acquired a new position in Viacom during the 2nd quarter worth approximately $108,000. First Personal Financial Services increased its position in Viacom by 5.9% during the 2nd quarter. First Personal Financial Services now owns 3,268 shares of the company’s stock worth $110,000 after purchasing an additional 182 shares during the period. First Mercantile Trust Co. increased its position in Viacom by 1.6% during the 2nd quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock worth $115,000 after purchasing an additional 54 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Viacom by 13.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,686 shares of the company’s stock worth $124,000 after purchasing an additional 423 shares during the period. Finally, Boston Private Wealth LLC grew its holdings in shares of Viacom by 1.8% in the 2nd quarter. Boston Private Wealth LLC now owns 6,093 shares of the company’s stock worth $205,000 after acquiring an additional 108 shares during the period. 79.26% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently weighed in on VIAB. Zacks Investment Research upgraded Viacom from a “sell” rating to a “hold” rating in a report on Monday, November 20th. Cowen reaffirmed a “neutral” rating on shares of Viacom in a research note on Friday, November 17th. BidaskClub lowered Viacom from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Deutsche Bank reduced their price target on Viacom to $25.00 and set a “sell” rating on the stock in a research note on Monday, October 23rd. Finally, B. Riley reissued a “neutral” rating on shares of Viacom in a research note on Wednesday, November 1st. Six equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $36.62.
Viacom, Inc. (VIAB) opened at $28.94 on Thursday. Viacom, Inc. has a 12-month low of $22.13 and a 12-month high of $46.72. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.55 and a quick ratio of 1.30. The stock has a market cap of $11,641.32, a P/E ratio of 7.68, a price-to-earnings-growth ratio of 1.02 and a beta of 1.60.
Viacom (NASDAQ:VIAB) last issued its earnings results on Thursday, November 16th. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.09). The company had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.23 billion. Viacom had a net margin of 14.13% and a return on equity of 28.95%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $1.54 EPS. equities analysts forecast that Viacom, Inc. will post 3.78 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.76%. Viacom’s payout ratio is 17.13%.
COPYRIGHT VIOLATION WARNING: This news story was first reported by Stock Observer and is owned by of Stock Observer. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://www.thestockobserver.com/2017/12/07/nwq-investment-management-company-llc-has-49-14-million-position-in-viacom-inc-viab.html.
Viacom Company Profile
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.
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. (NASDAQ:VIAB).
Receive News & Ratings for Viacom Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom Inc. and related companies with MarketBeat.com's FREE daily email newsletter.