Wall Street Access Asset Management LLC bought a new stake in shares of Viacom, Inc. (NASDAQ:VIAB) during the fourth quarter, HoldingsChannel.com reports. The fund bought 6,893 shares of the company’s stock, valued at approximately $212,000.

Several other large investors have also made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Viacom by 1.2% during the 4th quarter. BlackRock Inc. now owns 23,226,736 shares of the company’s stock valued at $715,616,000 after buying an additional 264,076 shares in the last quarter. Capital International Investors lifted its position in shares of Viacom by 19.3% during the 3rd quarter. Capital International Investors now owns 8,761,721 shares of the company’s stock valued at $243,926,000 after buying an additional 1,418,000 shares in the last quarter. Oldfield Partners LLP lifted its position in shares of Viacom by 25.6% during the 4th quarter. Oldfield Partners LLP now owns 6,722,920 shares of the company’s stock valued at $207,134,000 after buying an additional 1,368,700 shares in the last quarter. Kiltearn Partners LLP lifted its position in shares of Viacom by 93.2% during the 4th quarter. Kiltearn Partners LLP now owns 5,037,600 shares of the company’s stock valued at $155,208,000 after buying an additional 2,429,600 shares in the last quarter. Finally, Tremblant Capital Group lifted its position in shares of Viacom by 0.3% during the 4th quarter. Tremblant Capital Group now owns 4,520,883 shares of the company’s stock valued at $139,289,000 after buying an additional 13,105 shares in the last quarter. Hedge funds and other institutional investors own 80.99% of the company’s stock.

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A number of brokerages have weighed in on VIAB. Loop Capital began coverage on Viacom in a report on Thursday, March 15th. They issued a “hold” rating and a $33.00 price objective on the stock. Needham & Company LLC upgraded Viacom from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Thursday, March 15th. They noted that the move was a valuation call. Macquarie upgraded Viacom from an “underperform” rating to a “neutral” rating and set a $37.00 price objective on the stock in a report on Wednesday, February 28th. Atlantic Securities upgraded Viacom from an “underweight” rating to a “neutral” rating in a report on Wednesday, February 14th. Finally, Zacks Investment Research upgraded Viacom from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Tuesday, February 13th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the company. Viacom presently has an average rating of “Hold” and an average price target of $35.73.

Shares of Viacom, Inc. (VIAB) opened at $31.22 on Tuesday. Viacom, Inc. has a 52 week low of $22.13 and a 52 week high of $46.72. The stock has a market capitalization of $12,734.09, a price-to-earnings ratio of 6.27, a price-to-earnings-growth ratio of 0.91 and a beta of 1.47. The company has a quick ratio of 1.14, a current ratio of 1.41 and a debt-to-equity ratio of 1.52.

Viacom (NASDAQ:VIAB) last issued its earnings results on Thursday, February 8th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.09. Viacom had a return on equity of 26.28% and a net margin of 15.49%. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same period last year, the company earned $1.04 EPS. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. sell-side analysts anticipate that Viacom, Inc. will post 4.04 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Thursday, March 15th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Wednesday, March 14th. Viacom’s dividend payout ratio (DPR) is presently 16.00%.

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Viacom 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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Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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