BB&T Securities LLC grew its position in Viacom, Inc. (NASDAQ:VIAB) by 49.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 99,660 shares of the company’s stock after acquiring an additional 33,116 shares during the period. BB&T Securities LLC’s holdings in Viacom were worth $2,561,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Vanguard Group Inc boosted its holdings in shares of Viacom by 1.6% in the third 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 during the period. BlackRock Inc. increased its holdings in shares of Viacom by 7.5% in the third quarter. BlackRock Inc. now owns 27,312,498 shares of the company’s stock worth $922,070,000 after purchasing an additional 1,911,462 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Viacom by 9.6% in 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 during the last quarter. Capital World Investors lifted its position in shares of Viacom by 28.0% during the 3rd quarter. Capital World Investors now owns 5,482,488 shares of the company’s stock worth $185,089,000 after purchasing an additional 1,199,988 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Viacom by 12.0% during the third quarter. Bank of New York Mellon Corp now owns 5,443,549 shares of the company’s stock worth $183,775,000 after purchasing an additional 584,495 shares during the last quarter. Hedge funds and other institutional investors own 80.52% of the company’s stock.
NASDAQ:VIAB opened at $28.53 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.31 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $11.56 billion, a P/E ratio of 6.92, a P/E/G ratio of 0.84 and a beta of 1.48. Viacom, Inc. has a 12-month low of $23.31 and a 12-month high of $34.58.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, March 14th. Viacom’s payout ratio is 19.42%.
Several equities research analysts have recently commented on VIAB shares. ValuEngine upgraded Viacom from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. BidaskClub upgraded shares of Viacom from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. UBS Group cut shares of Viacom from a “buy” rating to a “neutral” rating and set a $34.00 price target for the company. in a research note on Monday, November 5th. Barrington Research reissued a “hold” rating on shares of Viacom in a report on Monday, November 19th. Finally, Citigroup increased their price target on Viacom from $29.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, November 21st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $34.71.
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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