Allianz Asset Management GmbH increased its stake in shares of Viacom, Inc. (NASDAQ:VIAB) by 8.3% during the fourth quarter, Holdings Channel reports. The fund owned 99,602 shares of the company’s stock after purchasing an additional 7,658 shares during the period. Allianz Asset Management GmbH’s holdings in Viacom were worth $3,069,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of VIAB. Capital International Investors increased its holdings in shares of Viacom by 19.3% during the 3rd quarter. Capital International Investors now owns 8,761,721 shares of the company’s stock valued at $243,926,000 after acquiring an additional 1,418,000 shares during the last quarter. Oldfield Partners LLP increased its holdings in shares of Viacom by 25.6% during the 4th quarter. Oldfield Partners LLP now owns 6,722,920 shares of the company’s stock valued at $207,134,000 after acquiring an additional 1,368,700 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in shares of Viacom by 159.5% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,709,563 shares of the company’s stock valued at $47,594,000 after acquiring an additional 1,050,654 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Viacom by 30.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,816,999 shares of the company’s stock valued at $106,266,000 after acquiring an additional 894,243 shares during the last quarter. Finally, AXA increased its holdings in shares of Viacom by 41.0% during the 3rd quarter. AXA now owns 1,389,850 shares of the company’s stock valued at $38,693,000 after acquiring an additional 403,920 shares during the last quarter. 80.99% of the stock is currently owned by institutional investors and hedge funds.
Shares of VIAB stock opened at $30.99 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.41 and a debt-to-equity ratio of 1.52. Viacom, Inc. has a 52-week low of $22.13 and a 52-week high of $46.72. The company has a market capitalization of $12,734.09, a P/E ratio of 6.20, a price-to-earnings-growth ratio of 0.91 and a beta of 1.47.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings data on Thursday, February 8th. The company reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.09. Viacom had a return on equity of 26.28% and a net margin of 15.49%. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter last year, the company earned $1.04 EPS. The company’s quarterly revenue was down 7.6% on a year-over-year basis. sell-side analysts expect that Viacom, Inc. will post 4.04 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Thursday, March 15th will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.58%. Viacom’s dividend payout ratio is currently 16.00%.
VIAB has been the topic of a number of research analyst reports. Zacks Investment Research lowered Viacom from a “hold” rating to a “sell” rating in a report on Saturday, January 20th. Macquarie lowered Viacom from a “neutral” rating to an “underperform” rating and set a $26.00 target price on the stock. in a report on Tuesday, January 2nd. Wells Fargo reaffirmed a “market perform” rating and issued a $32.00 target price (up previously from $25.00) on shares of Viacom in a report on Thursday, January 4th. BidaskClub raised Viacom from a “strong sell” rating to a “sell” rating in a report on Friday, December 22nd. Finally, Royal Bank of Canada raised Viacom from an “underperform” rating to a “sector perform” rating and set a $35.00 target price on the stock in a report on Friday, February 9th. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $35.73.
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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