Viacom, Inc. (VIAB) Shares Bought by Valeo Financial Advisors LLC
Valeo Financial Advisors LLC grew its stake in Viacom, Inc. (NASDAQ:VIAB) by 203.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,590 shares of the company’s stock after purchasing an additional 4,415 shares during the period. Valeo Financial Advisors LLC’s holdings in Viacom were worth $185,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc lifted its holdings in shares of Viacom by 1.6% during the 3rd quarter. Vanguard Group Inc now owns 38,037,506 shares of the company’s stock worth $1,284,147,000 after acquiring an additional 585,381 shares during the period. BlackRock Inc. lifted its holdings in shares of Viacom by 1.0% during the 4th 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 period. AQR Capital Management LLC lifted its holdings in shares of Viacom by 9.6% during the 3rd quarter. AQR Capital Management LLC now owns 7,008,127 shares of the company’s stock worth $236,594,000 after acquiring an additional 612,741 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of Viacom by 3,319.4% during the 4th 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 period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Viacom by 12.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,443,549 shares of the company’s stock worth $183,775,000 after acquiring an additional 584,495 shares during the period. Institutional investors own 80.90% of the company’s stock.
A number of research firms have recently commented on VIAB. Zacks Investment Research downgraded shares of Viacom from a “hold” rating to a “sell” rating in a report on Saturday, January 26th. BidaskClub downgraded shares of Viacom from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 20th. Royal Bank of Canada raised shares of Viacom from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $31.00 to $36.00 in a report on Thursday, April 4th. ValuEngine downgraded shares of Viacom from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. Finally, Loop Capital raised shares of Viacom from a “hold” rating to a “buy” rating and lifted their price target for the company from $33.00 to $35.00 in a report on Friday, March 29th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $34.57.
Viacom (NASDAQ:VIAB) last issued its quarterly earnings results on Tuesday, February 5th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.02 by $0.10. Viacom had a net margin of 11.60% and a return on equity of 23.34%. The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same quarter in the previous year, the company earned $1.03 EPS. Viacom’s revenue was up .6% on a year-over-year basis. As a group, equities research analysts forecast that Viacom, Inc. will post 4.2 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date was Thursday, March 14th. Viacom’s dividend payout ratio is currently 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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