Stoneridge Investment Partners LLC Sells 37,991 Shares of Viacom, Inc. (VIAB)
Stoneridge Investment Partners LLC trimmed its position in Viacom, Inc. (NASDAQ:VIAB) by 22.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 128,656 shares of the company’s stock after selling 37,991 shares during the period. Viacom comprises approximately 1.0% of Stoneridge Investment Partners LLC’s holdings, making the stock its 27th largest holding. Stoneridge Investment Partners LLC’s holdings in Viacom were worth $3,306,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. CWM LLC boosted its position in shares of Viacom by 507.6% in the 4th quarter. CWM LLC now owns 1,197 shares of the company’s stock worth $31,000 after purchasing an additional 1,000 shares during the last quarter. Dubuque Bank & Trust Co. boosted its position in shares of Viacom by 1,686.7% in the 4th quarter. Dubuque Bank & Trust Co. now owns 1,876 shares of the company’s stock worth $49,000 after purchasing an additional 1,771 shares during the last quarter. We Are One Seven LLC bought a new position in shares of Viacom in the 4th quarter worth $67,000. Quantamental Technologies LLC bought a new position in shares of Viacom in the 4th quarter worth $72,000. Finally, First Mercantile Trust Co. boosted its position in shares of Viacom by 109.8% in the 4th quarter. First Mercantile Trust Co. now owns 2,770 shares of the company’s stock worth $72,000 after purchasing an additional 1,450 shares during the last quarter. Hedge funds and other institutional investors own 80.52% of the company’s stock.
Shares of VIAB traded down $0.55 during midday trading on Monday, hitting $28.64. The stock had a trading volume of 77,460 shares, compared to its average volume of 4,207,407. Viacom, Inc. has a twelve month low of $23.31 and a twelve month high of $34.58. The company has a market capitalization of $11.76 billion, a price-to-earnings ratio of 6.98, a P/E/G ratio of 0.84 and a beta of 1.48. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.31 and a quick ratio of 1.10.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders 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 2.79%. The ex-dividend date of this dividend is Thursday, March 14th. Viacom’s dividend payout ratio is 19.42%.
Several research firms have weighed in on VIAB. Zacks Investment Research upgraded Viacom from a “sell” rating to a “hold” rating in a report on Saturday. ValuEngine upgraded Viacom from a “sell” rating to a “hold” rating in a report on Thursday. Barrington Research reiterated a “buy” rating and set a $35.00 target price on shares of Viacom in a report on Tuesday, February 5th. Societe Generale lowered Viacom from a “buy” rating to a “hold” rating in a report on Thursday, January 24th. Finally, BidaskClub lowered Viacom from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. Viacom has a consensus rating of “Hold” and an average price target of $34.56.
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: Liquidity
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