Swiss National Bank boosted its stake in Viacom, Inc. Class B (NASDAQ:VIAB) by 3.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,167,270 shares of the company’s stock after purchasing an additional 39,700 shares during the quarter. Swiss National Bank’s holdings in Viacom, Inc. Class B were worth $35,205,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its holdings in Viacom, Inc. Class B by 3.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,966,774 shares of the company’s stock valued at $59,318,000 after acquiring an additional 68,528 shares in the last quarter. Supplemental Annuity Collective Trust of NJ boosted its holdings in shares of Viacom, Inc. Class B by 55.6% during the 2nd quarter. Supplemental Annuity Collective Trust of NJ now owns 42,000 shares of the company’s stock valued at $1,267,000 after buying an additional 15,000 shares in the last quarter. Korea Investment CORP boosted its holdings in shares of Viacom, Inc. Class B by 29.3% during the 1st quarter. Korea Investment CORP now owns 205,295 shares of the company’s stock valued at $6,376,000 after buying an additional 46,471 shares in the last quarter. Bayesian Capital Management LP bought a new stake in shares of Viacom, Inc. Class B during the 1st quarter valued at $1,786,000. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Viacom, Inc. Class B by 21.8% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 81,006 shares of the company’s stock valued at $2,516,000 after buying an additional 14,525 shares in the last quarter. Institutional investors and hedge funds own 79.09% of the company’s stock.

A number of brokerages have recently commented on VIAB. Barrington Research restated a “hold” rating on shares of Viacom, Inc. Class B in a report on Wednesday, August 15th. Cfra restated a “hold” rating and set a $35.00 target price on shares of Viacom, Inc. Class B in a report on Wednesday, June 27th. BidaskClub upgraded shares of Viacom, Inc. Class B from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 19th. Imperial Capital began coverage on shares of Viacom, Inc. Class B in a report on Thursday, June 28th. They set an “underperform” rating and a $26.00 target price on the stock. Finally, ValuEngine upgraded shares of Viacom, Inc. Class B from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 15th. Five analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.82.

Shares of Viacom, Inc. Class B stock opened at $29.85 on Friday. The stock has a market capitalization of $12.25 billion, a P/E ratio of 7.92, a PEG ratio of 0.94 and a beta of 1.39. Viacom, Inc. Class B has a 1 year low of $22.13 and a 1 year high of $35.55. The company has a current ratio of 1.69, a quick ratio of 1.41 and a debt-to-equity ratio of 1.42.

Viacom, Inc. Class B (NASDAQ:VIAB) last announced its quarterly earnings results on Thursday, August 9th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.11. The company had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.27 billion. Viacom, Inc. Class B had a net margin of 15.65% and a return on equity of 23.53%. Viacom, Inc. Class B’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.17 EPS. analysts expect that Viacom, Inc. Class B will post 4.1 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Monday, September 17th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Friday, September 14th. Viacom, Inc. Class B’s payout ratio is 21.22%.

Viacom, Inc. Class B Company 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, Inc. Class B (NASDAQ:VIAB)

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