Jennison Associates LLC cut its holdings in shares of Viacom, Inc. (NASDAQ:VIAB) by 7.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,224,357 shares of the company’s stock after selling 103,886 shares during the quarter. Jennison Associates LLC owned approximately 0.30% of Viacom worth $41,334,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VIAB. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in shares of Viacom by 36,808.3% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,429 shares of the company’s stock worth $134,000 after buying an additional 4,417 shares in the last quarter. Commerce Bank purchased a new stake in shares of Viacom in the third quarter worth about $210,000. WINTON GROUP Ltd purchased a new stake in shares of Viacom in the third quarter worth about $212,000. ClariVest Asset Management LLC purchased a new stake in shares of Viacom in the third quarter worth about $215,000. Finally, Northstar Group Inc. purchased a new stake in shares of Viacom in the third quarter worth about $220,000. 81.31% of the stock is currently owned by institutional investors and hedge funds.

VIAB stock opened at $31.75 on Thursday. The company has a current ratio of 1.50, a quick ratio of 1.28 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $12.66 billion, a P/E ratio of 7.71, a P/E/G ratio of 1.09 and a beta of 1.40. Viacom, Inc. has a 1-year low of $26.09 and a 1-year high of $35.55.

Viacom (NASDAQ:VIAB) last posted its quarterly earnings data on Friday, November 16th. The company reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.04. The company had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.37 billion. Viacom had a net margin of 13.28% and a return on equity of 23.68%. Viacom’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.77 earnings per share. As a group, sell-side analysts predict that Viacom, Inc. will post 4.38 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 17th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Friday, December 14th. Viacom’s dividend payout ratio (DPR) is 19.42%.

A number of equities research analysts have recently issued reports on VIAB shares. ValuEngine downgraded shares of Viacom from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. B. Riley raised shares of Viacom from a “neutral” rating to a “buy” rating and increased their price target for the stock from $34.00 to $39.00 in a report on Wednesday, September 26th. BidaskClub downgraded shares of Viacom from a “hold” rating to a “sell” rating in a report on Thursday, August 30th. Morgan Stanley reissued an “equal weight” rating and issued a $34.00 price target on shares of Viacom in a report on Monday, October 15th. Finally, Macquarie raised shares of Viacom from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $34.00 to $37.00 in a report on Thursday, September 20th. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $34.16.

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Viacom Profile

Viacom, Inc operates media brands that create entertainment content worldwide. The company creates television programs, motion pictures, short-form content, games, consumer products, podcasts, live events, and social media experiences. It operates through two segments, Media Networks and Filmed Entertainment.

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Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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