Fmr LLC Has $118.59 Million Position in Viacom, Inc. Class B (VIAB)

Fmr LLC cut its stake in shares of Viacom, Inc. Class B (NASDAQ:VIAB) by 19.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,932,015 shares of the company’s stock after selling 959,602 shares during the period. Fmr LLC owned approximately 0.98% of Viacom, Inc. Class B worth $118,589,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in VIAB. Mount Yale Investment Advisors LLC acquired a new stake in shares of Viacom, Inc. Class B during the first quarter worth $126,000. Financial Gravity Wealth Inc. acquired a new stake in shares of Viacom, Inc. Class B during the first quarter worth $197,000. Intact Investment Management Inc. acquired a new stake in shares of Viacom, Inc. Class B during the second quarter worth $238,000. IBM Retirement Fund acquired a new stake in shares of Viacom, Inc. Class B during the first quarter worth $240,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Viacom, Inc. Class B by 34.0% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,723 shares of the company’s stock worth $269,000 after purchasing an additional 2,213 shares during the period. 79.09% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on VIAB shares. TheStreet raised Viacom, Inc. Class B from a “c+” rating to a “b-” rating in a research note on Friday, August 31st. Pivotal Research upgraded Viacom, Inc. Class B from a “hold” rating to a “buy” rating and reduced their target price for the stock from $34.00 to $32.00 in a report on Tuesday, July 31st. They noted that the move was a valuation call. Barrington Research reiterated a “hold” rating on shares of Viacom, Inc. Class B in a report on Wednesday, August 15th. BidaskClub upgraded Viacom, Inc. Class B from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Finally, Cfra reiterated a “hold” rating and set a $35.00 target price on shares of Viacom, Inc. Class B in a report on Wednesday, June 27th. Four analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $33.82.

Shares of Viacom, Inc. Class B stock opened at $29.85 on Friday. The stock has a market capitalization of $11.94 billion, a PE ratio of 7.92, a PEG ratio of 1.11 and a beta of 1.52. Viacom, Inc. Class B has a one year low of $22.13 and a one year high of $35.55. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.41 and a current ratio of 1.69.

Viacom, Inc. Class B (NASDAQ:VIAB) last issued its quarterly earnings results on Thursday, August 9th. The company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.11. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.27 billion. Viacom, Inc. Class B had a return on equity of 23.53% and a net margin of 15.65%. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.17 earnings per share. analysts predict that Viacom, Inc. Class B will post 4.09 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Monday, September 17th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, September 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.68%. Viacom, Inc. Class B’s dividend payout ratio (DPR) is 21.22%.

Viacom, Inc. Class B Company Profile

Viacom, Inc operates media brands that create entertainment content worldwide. The company creates television programs, motion pictures, short-form content, games, consumer products, podcasts, live events, and social media experiences. It operates through two segments, Media Networks and Filmed Entertainment.

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Institutional Ownership by Quarter for Viacom, Inc. Class B (NASDAQ:VIAB)

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