Sentry Investment Management LLC cut its position in shares of Viacom, Inc. (NASDAQ:VIAB) by 8.2% during the first quarter, HoldingsChannel.com reports. The firm owned 20,433 shares of the company’s stock after selling 1,815 shares during the quarter. Sentry Investment Management LLC’s holdings in Viacom were worth $574,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc grew 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 valued at $1,284,147,000 after purchasing an additional 585,381 shares in the last quarter. BlackRock Inc. lifted its stake in Viacom by 1.0% in the fourth quarter. BlackRock Inc. now owns 27,578,297 shares of the company’s stock worth $708,764,000 after acquiring an additional 265,799 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Viacom by 3,319.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,573,957 shares of the company’s stock worth $256,000 after acquiring an additional 6,381,702 shares during the last quarter. Northern Trust Corp lifted its stake in Viacom by 18.3% in the fourth quarter. Northern Trust Corp now owns 5,389,005 shares of the company’s stock worth $138,498,000 after acquiring an additional 834,733 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Viacom by 20.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,147,775 shares of the company’s stock worth $132,310,000 after acquiring an additional 865,520 shares during the last quarter. 81.94% of the stock is currently owned by institutional investors.

A number of brokerages recently issued reports on VIAB. ValuEngine upgraded shares of Viacom from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. Zacks Investment Research downgraded shares of Viacom from a “hold” rating to a “sell” rating in a research note on Saturday, January 26th. TheStreet upgraded shares of Viacom from a “c+” rating to a “b-” rating in a research note on Friday, April 26th. BidaskClub downgraded shares of Viacom from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 20th. Finally, Royal Bank of Canada upgraded shares of Viacom from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $31.00 to $36.00 in a research report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $34.47.

Shares of NASDAQ:VIAB opened at $28.06 on Friday. The company has a market cap of $11.31 billion, a PE ratio of 6.81, a P/E/G ratio of 0.99 and a beta of 1.45. The company has a quick ratio of 1.07, a current ratio of 1.29 and a debt-to-equity ratio of 1.08. Viacom, Inc. has a twelve month low of $23.31 and a twelve month high of $34.44.

Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Friday, May 10th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.15. Viacom had a net margin of 12.63% and a return on equity of 22.60%. The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the previous year, the firm earned $0.92 EPS. The company’s revenue was down 6.0% compared to the same quarter last year. On average, equities research analysts forecast that Viacom, Inc. will post 3.99 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be given a $0.20 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.80 annualized dividend and a yield of 2.85%. Viacom’s dividend payout ratio (DPR) is 19.42%.

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Viacom Company Profile

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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Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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