Viacom, Inc. (VIAB) Position Lowered by LS Investment Advisors LLC
LS Investment Advisors LLC cut its stake in shares of Viacom, Inc. (NASDAQ:VIAB) by 10.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,250 shares of the company’s stock after selling 2,472 shares during the quarter. LS Investment Advisors LLC’s holdings in Viacom were worth $520,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of VIAB. CWM LLC grew its holdings in Viacom by 507.6% in the 4th quarter. CWM LLC now owns 1,197 shares of the company’s stock worth $31,000 after buying an additional 1,000 shares in the last quarter. Dubuque Bank & Trust Co. grew its holdings in 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 buying an additional 1,771 shares in the last quarter. We Are One Seven LLC bought a new position in Viacom in the 4th quarter worth approximately $67,000. First Mercantile Trust Co. grew its holdings in 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 buying an additional 1,450 shares in the last quarter. Finally, Quantamental Technologies LLC bought a new position in Viacom in the 4th quarter worth approximately $72,000. 80.52% of the stock is owned by institutional investors.
VIAB has been the subject of a number of recent analyst reports. B. Riley decreased their price objective on Viacom from $39.00 to $30.00 in a report on Friday, December 28th. BidaskClub raised Viacom from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Pivotal Research raised Viacom from a “hold” rating to a “buy” rating and increased their price objective for the stock from $33.00 to $36.00 in a report on Tuesday, January 15th. Barrington Research reissued a “buy” rating and issued a $35.00 price objective on shares of Viacom in a report on Tuesday, February 5th. Finally, TheStreet lowered Viacom from a “b-” rating to a “c+” rating in a research note on Wednesday, December 26th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $34.56.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings data 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 the consensus estimate of $3.12 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. Equities research analysts forecast that Viacom, Inc. will post 4.21 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.74%. Viacom’s dividend payout ratio (DPR) is presently 19.42%.
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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