Principal Financial Group Inc. grew its holdings in Viacom, Inc. (NASDAQ:VIAB) by 30.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,468,886 shares of the company’s stock after purchasing an additional 338,957 shares during the period. Principal Financial Group Inc. owned about 0.36% of Viacom worth $37,751,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc grew its position in shares of Viacom by 1.6% during the 3rd quarter. Vanguard Group Inc now owns 38,037,506 shares of the company’s stock worth $1,284,147,000 after buying an additional 585,381 shares in the last quarter. BlackRock Inc. boosted its position in Viacom by 1.0% during the fourth quarter. BlackRock Inc. now owns 27,578,297 shares of the company’s stock valued at $708,764,000 after purchasing an additional 265,799 shares in the last quarter. AQR Capital Management LLC boosted its position in Viacom by 9.6% during the third quarter. AQR Capital Management LLC now owns 7,008,127 shares of the company’s stock valued at $236,594,000 after purchasing an additional 612,741 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in Viacom by 3,319.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,573,957 shares of the company’s stock valued at $256,000 after purchasing an additional 6,381,702 shares in the last quarter. Finally, Capital World Investors boosted its position in Viacom by 28.0% during the third quarter. Capital World Investors now owns 5,482,488 shares of the company’s stock valued at $185,089,000 after purchasing an additional 1,199,988 shares in the last quarter. Institutional investors and hedge funds own 80.91% of the company’s stock.

VIAB has been the topic of a number of recent research reports. Goldman Sachs Group initiated coverage on Viacom in a research report on Thursday, November 29th. They set a “neutral” rating and a $34.00 price objective on the stock. Barrington Research raised Viacom from a “market perform” rating to an “outperform” rating and set a $35.00 price objective on the stock in a research report on Wednesday, January 2nd. Imperial Capital raised Viacom from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $30.00 to $37.00 in a research report on Friday, January 11th. TheStreet downgraded Viacom from a “b-” rating to a “c+” rating in a research report on Wednesday, December 26th. Finally, Wolfe Research initiated coverage on Viacom in a research report on Friday, December 7th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $34.42.

Viacom stock opened at $25.34 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.31 and a quick ratio of 1.10. Viacom, Inc. has a one year low of $23.31 and a one year high of $34.44. The stock has a market capitalization of $10.21 billion, a price-to-earnings ratio of 6.15, a price-to-earnings-growth ratio of 0.73 and a beta of 1.46.

Viacom (NASDAQ:VIAB) last released its quarterly earnings results on Tuesday, February 5th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.10. Viacom had a return on equity of 23.34% and a net margin of 11.60%. The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same period last year, the business posted $1.03 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year. As a group, equities analysts predict that Viacom, Inc. will post 4.21 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Thursday, March 14th. Viacom’s payout ratio is 19.42%.

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Viacom Company Profile

Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.

Further Reading: Cost of Capital Explained

Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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