Oppenheimer & Co. Inc. lifted its stake in shares of Viacom, Inc. (NASDAQ:VIAB) by 51.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 14,305 shares of the company’s stock after purchasing an additional 4,886 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Viacom were worth $427,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its position in Viacom by 6.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 45,448 shares of the company’s stock valued at $1,276,000 after acquiring an additional 2,945 shares during the period. Janus Henderson Group PLC lifted its stake in Viacom by 87.0% during the first quarter. Janus Henderson Group PLC now owns 179,471 shares of the company’s stock valued at $5,038,000 after purchasing an additional 83,477 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in Viacom by 2.1% during the first quarter. Crossmark Global Holdings Inc. now owns 20,797 shares of the company’s stock valued at $584,000 after purchasing an additional 430 shares during the last quarter. Gabelli Funds LLC lifted its stake in Viacom by 0.4% during the first quarter. Gabelli Funds LLC now owns 224,200 shares of the company’s stock valued at $6,293,000 after purchasing an additional 800 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV boosted its holdings in Viacom by 3.7% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 36,842 shares of the company’s stock worth $1,034,000 after buying an additional 1,316 shares in the last quarter. Institutional investors and hedge funds own 76.51% of the company’s stock.

Several research firms have recently weighed in on VIAB. Macquarie lowered Viacom from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $37.00 to $31.00 in a research note on Wednesday, August 14th. ValuEngine lowered Viacom from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 20th. TheStreet downgraded Viacom from a “b-” rating to a “c+” rating in a report on Tuesday, August 27th. Sanford C. Bernstein reduced their target price on Viacom from $27.00 to $21.00 and set an “underperform” rating for the company in a report on Tuesday, September 3rd. Finally, Guggenheim reiterated a “buy” rating on shares of Viacom in a research report on Wednesday, September 4th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $33.27.

Shares of VIAB traded down $0.51 during mid-day trading on Wednesday, reaching $26.03. The company’s stock had a trading volume of 914,899 shares, compared to its average volume of 7,263,163. The company has a market cap of $10.60 billion, a price-to-earnings ratio of 6.32, a price-to-earnings-growth ratio of 0.94 and a beta of 1.36. The business has a fifty day moving average of $27.54 and a 200 day moving average of $28.85. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.02. Viacom, Inc. has a 1 year low of $23.31 and a 1 year high of $34.44.

Viacom (NASDAQ:VIAB) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.14. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.33 billion. Viacom had a return on equity of 21.71% and a net margin of 12.68%. Viacom’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.18 earnings per share. On average, analysts predict that Viacom, Inc. will post 4.03 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.07%. The ex-dividend date is Friday, September 13th. Viacom’s dividend payout ratio is currently 19.42%.

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.

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Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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