Oppenheimer & Co. Inc. decreased its position in shares of Viacom, Inc. (NASDAQ:VIAB) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,468 shares of the company’s stock after selling 1,594 shares during the period. Oppenheimer & Co. Inc.’s holdings in Viacom were worth $604,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of the business. Belpointe Asset Management LLC increased its position in Viacom by 3.2% during the third quarter. Belpointe Asset Management LLC now owns 15,655 shares of the company’s stock valued at $529,000 after acquiring an additional 491 shares during the last quarter. Atlas Brown Inc. boosted its stake in shares of Viacom by 2.6% during the fourth quarter. Atlas Brown Inc. now owns 19,589 shares of the company’s stock valued at $503,000 after purchasing an additional 500 shares during the period. CWM LLC boosted its stake in shares of Viacom by 507.6% during the fourth quarter. CWM LLC now owns 1,197 shares of the company’s stock valued at $31,000 after purchasing an additional 1,000 shares during the period. Barry Investment Advisors LLC boosted its stake in shares of Viacom by 0.3% during the fourth quarter. Barry Investment Advisors LLC now owns 329,278 shares of the company’s stock valued at $8,462,000 after purchasing an additional 1,143 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Viacom by 1.4% during the third quarter. Nisa Investment Advisors LLC now owns 112,403 shares of the company’s stock valued at $3,795,000 after purchasing an additional 1,605 shares during the period. Institutional investors and hedge funds own 78.92% of the company’s stock.
A number of analysts have recently issued reports on the stock. ValuEngine raised shares of Viacom from a “sell” rating to a “hold” rating in a research note on Tuesday, November 20th. BidaskClub raised shares of Viacom from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Pivotal Research raised shares of Viacom from a “hold” rating to a “buy” rating and boosted their target price for the company from $33.00 to $36.00 in a research note on Tuesday, January 15th. Barrington Research reissued a “buy” rating and set a $35.00 target price on shares of Viacom in a research note on Tuesday. Finally, Zacks Investment Research raised shares of Viacom from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Friday, October 12th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $34.68.
NASDAQ:VIAB opened at $29.19 on Friday. Viacom, Inc. has a 1-year low of $23.31 and a 1-year high of $34.58. The stock has a market capitalization of $11.76 billion, a P/E ratio of 7.08, a price-to-earnings-growth ratio of 1.12 and a beta of 1.48. The company has a quick ratio of 1.28, a current ratio of 1.31 and a debt-to-equity ratio of 1.12.
Viacom (NASDAQ:VIAB) last released its quarterly earnings data on Tuesday, February 5th. The company reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.10. Viacom had a net margin of 11.60% and a return on equity of 23.34%. The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same period in the prior year, the firm earned $1.03 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. Analysts predict that Viacom, Inc. will post 4.24 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Thursday, March 14th. Viacom’s dividend payout ratio (DPR) is presently 19.42%.
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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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