Neuberger Berman Group LLC Decreases Holdings in Viacom, Inc. (VIAB)
Neuberger Berman Group LLC cut its holdings in shares of Viacom, Inc. (NASDAQ:VIAB) by 82.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 70,677 shares of the company’s stock after selling 334,814 shares during the quarter. Neuberger Berman Group LLC’s holdings in Viacom were worth $1,968,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in VIAB. Wall Street Access Asset Management LLC raised its stake in shares of Viacom by 1.1% during the 2nd quarter. Wall Street Access Asset Management LLC now owns 6,315 shares of the company’s stock worth $212,000 after purchasing an additional 70 shares in the last quarter. Moors & Cabot Inc. raised its stake in shares of Viacom by 0.7% during the 2nd quarter. Moors & Cabot Inc. now owns 20,990 shares of the company’s stock worth $703,000 after purchasing an additional 149 shares in the last quarter. Capital Guardian Trust Co. raised its stake in shares of Viacom by 2.7% during the 2nd quarter. Capital Guardian Trust Co. now owns 6,460 shares of the company’s stock worth $217,000 after purchasing an additional 168 shares in the last quarter. Empirical Finance LLC raised its stake in shares of Viacom by 0.9% during the 2nd quarter. Empirical Finance LLC now owns 23,107 shares of the company’s stock worth $776,000 after purchasing an additional 213 shares in the last quarter. Finally, Sentry Investment Management LLC raised its stake in shares of Viacom by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 26,322 shares of the company’s stock worth $884,000 after purchasing an additional 290 shares in the last quarter. Hedge funds and other institutional investors own 79.20% of the company’s stock.
Viacom, Inc. (NASDAQ VIAB) opened at $30.81 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.55 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $12,393.54, a P/E ratio of 6.60, a price-to-earnings-growth ratio of 1.09 and a beta of 1.60. Viacom, Inc. has a 1 year low of $22.13 and a 1 year high of $46.72.
Viacom (NASDAQ:VIAB) last issued its quarterly earnings results on Thursday, November 16th. The company reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.09). The business had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.23 billion. Viacom had a return on equity of 28.95% and a net margin of 14.13%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.54 earnings per share. equities analysts anticipate that Viacom, Inc. will post 3.77 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, December 14th. Viacom’s dividend payout ratio is currently 17.13%.
VIAB has been the subject of a number of recent research reports. Morgan Stanley cut their price target on Viacom from $42.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, October 13th. Zacks Investment Research downgraded Viacom from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 3rd. Guggenheim reaffirmed a “buy” rating and set a $37.00 price target (down from $40.00) on shares of Viacom in a research note on Friday, October 6th. Credit Suisse Group set a $38.00 price target on Viacom and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Finally, Citigroup downgraded Viacom from a “neutral” rating to a “sell” rating and cut their price target for the stock from $33.00 to $24.00 in a research note on Monday, October 9th. Six equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $35.81.
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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