Northstar Group Inc. acquired a new position in shares of Viacom, Inc. (NASDAQ:VIAB) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,520 shares of the company’s stock, valued at approximately $220,000.
Several other large investors have also made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of Viacom by 3.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,966,774 shares of the company’s stock valued at $59,318,000 after purchasing an additional 68,528 shares in the last quarter. GAM Holding AG raised its position in Viacom by 4.9% in the 2nd quarter. GAM Holding AG now owns 146,714 shares of the company’s stock valued at $4,425,000 after buying an additional 6,905 shares during the last quarter. Janus Henderson Group PLC raised its position in Viacom by 4.1% in the 2nd quarter. Janus Henderson Group PLC now owns 89,011 shares of the company’s stock valued at $2,685,000 after buying an additional 3,531 shares during the last quarter. First Trust Advisors LP raised its position in Viacom by 8.1% in the 3rd quarter. First Trust Advisors LP now owns 819,495 shares of the company’s stock valued at $27,666,000 after buying an additional 61,720 shares during the last quarter. Finally, Tocqueville Asset Management L.P. acquired a new stake in Viacom in the 2nd quarter valued at approximately $227,000. Institutional investors own 79.37% of the company’s stock.
VIAB has been the topic of a number of recent research reports. B. Riley raised Viacom from a “neutral” rating to a “buy” rating and lifted their target price for the company from $34.00 to $39.00 in a research report on Wednesday, September 26th. Macquarie raised Viacom from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $34.00 to $37.00 in a research report on Thursday, September 20th. BidaskClub upgraded Viacom from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. ValuEngine upgraded Viacom from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 15th. Finally, UBS Group downgraded 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. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $34.33.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Friday, November 16th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.04. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.37 billion. Viacom had a return on equity of 23.53% and a net margin of 15.65%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 earnings per share. Equities research analysts expect that Viacom, Inc. will post 4.43 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Monday, December 17th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.42%. Viacom’s payout ratio is currently 19.42%.
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Viacom 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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