Viacom Inc. (VIA) Holdings Increased by Public Employees Retirement System of Ohio
Public Employees Retirement System of Ohio grew its holdings in shares of Viacom Inc. (NASDAQ:VIA) by 31.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,386 shares of the company’s stock after buying an additional 1,046 shares during the period. Public Employees Retirement System of Ohio’s holdings in Viacom were worth $167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Wells Fargo & Company MN lifted its holdings in shares of Viacom by 21.2% in the 2nd quarter. Wells Fargo & Company MN now owns 38,223 shares of the company’s stock valued at $1,454,000 after purchasing an additional 6,689 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Viacom by 17.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 48,930 shares of the company’s stock valued at $1,861,000 after purchasing an additional 7,198 shares during the last quarter. FMR LLC lifted its holdings in shares of Viacom by 133.4% in the 2nd quarter. FMR LLC now owns 1,050,751 shares of the company’s stock valued at $39,981,000 after purchasing an additional 600,581 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Viacom by 33.6% in the 1st quarter. Geode Capital Management LLC now owns 42,025 shares of the company’s stock valued at $2,048,000 after purchasing an additional 10,579 shares during the last quarter. Finally, Capital Research Global Investors purchased a new stake in shares of Viacom in the 2nd quarter valued at about $30,817,000. 2.25% of the stock is owned by institutional investors.
Several analysts have recently weighed in on VIA shares. UBS AG reissued a “buy” rating and issued a $45.00 target price (down from $50.00) on shares of Viacom in a report on Wednesday, August 9th. Citigroup Inc. downgraded Viacom from a “neutral” rating to a “sell” rating in a report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $39.75.
Viacom Inc. (NASDAQ VIA) opened at $33.00 on Friday. The stock has a market capitalization of $9,980.00, a PE ratio of 8.12 and a beta of 1.38. Viacom Inc. has a 52-week low of $28.20 and a 52-week high of $49.00. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.35 and a quick ratio of 1.11.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.42%. The ex-dividend date is Thursday, December 14th. Viacom’s dividend payout ratio (DPR) is presently 22.10%.
Viacom Company Profile
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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