Stelliam Investment Management LP Takes Position in Viacom Inc. (VIAB)

Stelliam Investment Management LP acquired a new position in shares of Viacom Inc. (NASDAQ:VIAB) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,000,000 shares of the company’s stock, valued at approximately $46,620,000. Viacom makes up approximately 1.8% of Stelliam Investment Management LP’s holdings, making the stock its 25th largest position. Stelliam Investment Management LP owned 0.25% of Viacom as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the stock. United Capital Financial Advisers LLC raised its stake in shares of Viacom by 4.3% in the fourth quarter. United Capital Financial Advisers LLC now owns 38,420 shares of the company’s stock valued at $1,349,000 after buying an additional 1,575 shares in the last quarter. Round Hill Asset Management purchased a new stake in Viacom during the fourth quarter worth $920,000. Cigna Investments Inc. New bought a new stake in shares of Viacom during the fourth quarter worth approximately $448,000. First Republic Investment Management Inc. increased its stake in shares of Viacom by 149.7% in the fourth quarter. First Republic Investment Management Inc. now owns 36,136 shares of the company’s stock worth $1,268,000 after buying an additional 21,662 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Viacom by 2,489.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,147,000 shares of the company’s stock worth $40,260,000 after buying an additional 1,102,700 shares during the period. 76.93% of the stock is owned by institutional investors and hedge funds.

Shares of Viacom Inc. (NASDAQ VIAB) traded up 0.15% during midday trading on Wednesday, hitting $34.19. 810,031 shares of the stock were exchanged. Viacom Inc. has a 52-week low of $32.68 and a 52-week high of $46.72. The firm has a market cap of $13.74 billion, a PE ratio of 11.30 and a beta of 1.57. The firm’s 50-day moving average is $34.83 and its 200 day moving average is $39.65.

Viacom (NASDAQ:VIAB) last released its earnings results on Thursday, May 4th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.20. Viacom had a return on equity of 32.00% and a net margin of 9.32%. The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same quarter last year, the firm posted $0.76 earnings per share. The business’s revenue was up 8.5% compared to the same quarter last year. On average, analysts forecast that Viacom Inc. will post $3.87 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, June 13th. This represents a $0.80 annualized dividend and a dividend yield of 2.34%. Viacom’s dividend payout ratio is currently 26.40%.

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Several research firms have commented on VIAB. Jefferies Group LLC reissued a “buy” rating and set a $52.00 target price on shares of Viacom in a research report on Monday, April 17th. Guggenheim reiterated a “buy” rating and issued a $50.00 target price on shares of Viacom in a research note on Wednesday, March 22nd. Pivotal Research reiterated a “hold” rating and issued a $40.00 target price on shares of Viacom in a research note on Sunday, April 23rd. ValuEngine lowered shares of Viacom from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Cowen and Company reaffirmed a “hold” rating and set a $41.00 price objective on shares of Viacom in a report on Tuesday. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $43.15.

About Viacom

Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.

Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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