Meag Munich Ergo Kapitalanlagegesellschaft MBH Purchases New Stake in Viacom Inc. (VIAB)
Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in shares of Viacom Inc. (NASDAQ:VIAB) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 72,511 shares of the company’s stock, valued at approximately $2,026,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in VIAB. Johnson Financial Group Inc. acquired a new stake in shares of Viacom during the second quarter worth about $108,000. First Personal Financial Services raised its position in shares of Viacom by 5.9% during the second 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. raised its position in shares of Viacom by 1.6% during the second 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. raised its position in shares of Viacom by 13.0% during the second 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, Delta Asset Management LLC TN raised its position in shares of Viacom by 12.2% during the second quarter. Delta Asset Management LLC TN now owns 4,358 shares of the company’s stock worth $146,000 after purchasing an additional 475 shares during the period. 78.75% of the stock is currently owned by institutional investors.
Viacom Inc. (VIAB) opened at $24.72 on Tuesday. The company has a market capitalization of $10,020.00, a P/E ratio of 6.75, a PEG ratio of 0.86 and a beta of 1.53. Viacom Inc. has a one year low of $22.88 and a one year high of $46.72. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.11 and a current ratio of 1.35.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be paid a $0.20 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.80 annualized dividend and a yield of 3.24%. Viacom’s dividend payout ratio (DPR) is presently 22.10%.
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A number of equities research analysts have recently commented on the company. Atlantic Securities lowered Viacom from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $45.00 to $30.00 in a research report on Friday, August 4th. UBS AG dropped their price target on Viacom from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, August 4th. BidaskClub raised Viacom from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Zacks Investment Research lowered Viacom from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $52.00 target price on shares of Viacom in a research report on Thursday, August 3rd. Eight investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $38.85.
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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