Viacom, Inc. (VIAB) Shares Bought by KAMES CAPITAL plc
KAMES CAPITAL plc increased its holdings in Viacom, Inc. (NASDAQ:VIAB) by 7.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,941 shares of the company’s stock after acquiring an additional 4,714 shares during the period. KAMES CAPITAL plc’s holdings in Viacom were worth $1,963,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in VIAB. Valley National Advisers Inc. increased its position in Viacom by 66.4% in the 4th quarter. Valley National Advisers Inc. now owns 1,118 shares of the company’s stock worth $29,000 after purchasing an additional 446 shares during the last quarter. Macquarie Group Ltd. increased its position in Viacom by 1.5% in the 3rd quarter. Macquarie Group Ltd. now owns 321,544 shares of the company’s stock worth $10,855,000 after purchasing an additional 4,700 shares during the last quarter. Virginia National Bank increased its position in Viacom by 197.2% in the 4th quarter. Virginia National Bank now owns 212,470 shares of the company’s stock worth $5,461,000 after purchasing an additional 140,990 shares during the last quarter. Suntrust Banks Inc. increased its position in Viacom by 87.2% in the 4th quarter. Suntrust Banks Inc. now owns 23,529 shares of the company’s stock worth $605,000 after purchasing an additional 10,962 shares during the last quarter. Finally, Norges Bank acquired a new position in Viacom in the 4th quarter worth about $75,545,000. 80.90% of the stock is owned by hedge funds and other institutional investors.
Shares of Viacom stock opened at $30.24 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. Viacom, Inc. has a 12 month low of $23.31 and a 12 month high of $34.44. The firm has a market cap of $11.97 billion, a P/E ratio of 7.34, a P/E/G ratio of 0.88 and a beta of 1.45.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.80 annualized dividend and a yield of 2.65%. Viacom’s dividend payout ratio is presently 19.42%.
VIAB has been the topic of a number of analyst reports. ValuEngine lowered Viacom from a “hold” rating to a “sell” rating in a report on Tuesday, December 18th. BidaskClub lowered Viacom from a “hold” rating to a “sell” rating in a report on Friday, December 21st. TheStreet lowered Viacom from a “b-” rating to a “c+” rating in a report on Wednesday, December 26th. B. Riley lowered their target price on Viacom from $39.00 to $30.00 in a report on Friday, December 28th. Finally, Barrington Research raised Viacom from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a report on Wednesday, January 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $34.57.
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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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