Berkshire Asset Management LLC PA boosted its position in shares of Viacom, Inc. (NASDAQ:VIAB) by 3.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 151,499 shares of the company’s stock after buying an additional 5,433 shares during the quarter. Berkshire Asset Management LLC PA’s holdings in Viacom were worth $4,253,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. raised its holdings in shares of Viacom by 33.1% in the first quarter. Meeder Asset Management Inc. now owns 94,285 shares of the company’s stock valued at $2,647,000 after acquiring an additional 23,473 shares in the last quarter. Pennsylvania Trust Co bought a new stake in shares of Viacom in the first quarter valued at about $3,227,000. Sciencast Management LP bought a new stake in shares of Viacom in the first quarter valued at about $386,000. Retirement Systems of Alabama raised its holdings in shares of Viacom by 7.0% in the first quarter. Retirement Systems of Alabama now owns 361,251 shares of the company’s stock valued at $10,140,000 after acquiring an additional 23,563 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its holdings in shares of Viacom by 203.0% in the first quarter. Valeo Financial Advisors LLC now owns 6,590 shares of the company’s stock valued at $185,000 after acquiring an additional 4,415 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.
VIAB has been the subject of several recent research reports. ValuEngine downgraded Viacom from a “hold” rating to a “sell” rating in a report on Tuesday, December 18th. BidaskClub downgraded Viacom from a “hold” rating to a “sell” rating in a report on Friday, December 21st. TheStreet downgraded Viacom from a “b-” rating to a “c+” rating in a report on Wednesday, December 26th. B. Riley decreased their price objective on Viacom from $39.00 to $30.00 in a report on Friday, December 28th. Finally, Barrington Research upgraded Viacom from a “market perform” rating to an “outperform” rating and set a $35.00 price objective for the company in a report on Wednesday, January 2nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. Viacom presently has an average rating of “Hold” and a consensus target price of $34.57.
Viacom (NASDAQ:VIAB) last posted its earnings results on Tuesday, February 5th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $3.12 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. As a group, sell-side analysts expect that Viacom, Inc. will post 4.2 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.63%. Viacom’s payout ratio is 19.42%.
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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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