Lourd Capital LLC Acquires Shares of 7,602 Viacom, Inc. (VIAB)

Lourd Capital LLC acquired a new stake in Viacom, Inc. (NASDAQ:VIAB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 7,602 shares of the company’s stock, valued at approximately $257,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Viacom by 4.5% in the 2nd quarter. BlackRock Inc. now owns 25,401,036 shares of the company’s stock valued at $766,096,000 after buying an additional 1,098,601 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Viacom by 3.6% in the 2nd quarter. Northern Trust Corp now owns 4,514,314 shares of the company’s stock valued at $136,151,000 after buying an additional 157,206 shares during the last quarter. Contrarius Investment Management Ltd boosted its holdings in shares of Viacom by 41.7% in the 2nd quarter. Contrarius Investment Management Ltd now owns 4,488,513 shares of the company’s stock valued at $135,374,000 after buying an additional 1,321,363 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Viacom by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,090,139 shares of the company’s stock valued at $123,350,000 after buying an additional 150,514 shares during the last quarter. Finally, Ariel Investments LLC boosted its holdings in shares of Viacom by 3.2% in the 2nd quarter. Ariel Investments LLC now owns 3,535,519 shares of the company’s stock valued at $106,631,000 after buying an additional 109,251 shares during the last quarter. 79.02% of the stock is owned by institutional investors.

Shares of Viacom stock opened at $31.39 on Friday. Viacom, Inc. has a 1 year low of $22.13 and a 1 year high of $35.55. The firm has a market cap of $13.60 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 1.26 and a beta of 1.48. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.69 and a quick ratio of 1.41.

Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Thursday, August 9th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.11. Viacom had a return on equity of 23.53% and a net margin of 15.65%. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter last year, the firm posted $1.17 EPS. The company’s quarterly revenue was down 3.8% on a year-over-year basis. On average, sell-side analysts forecast that Viacom, Inc. will post 4.09 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Monday, September 17th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date was Friday, September 14th. Viacom’s dividend payout ratio is currently 21.22%.

Several research firms have recently commented on VIAB. Zacks Investment Research raised Viacom from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Friday. B. Riley raised Viacom from a “neutral” rating to a “buy” rating and increased their price objective for the company from $34.00 to $39.00 in a report on Wednesday, September 26th. BidaskClub raised Viacom from a “sell” rating to a “hold” rating in a report on Sunday, September 23rd. Macquarie raised Viacom from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $34.00 to $37.00 in a report on Thursday, September 20th. Finally, TheStreet raised Viacom from a “c+” rating to a “b-” rating in a report on Friday, August 31st. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $34.90.

About Viacom

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 (NASDAQ:VIAB)

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