Viacom, Inc. (VIA) Shares Sold by Neuberger Berman Group LLC
Neuberger Berman Group LLC cut its holdings in shares of Viacom, Inc. (NASDAQ:VIA) by 0.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 534,386 shares of the company’s stock after selling 2,478 shares during the period. Neuberger Berman Group LLC owned about 0.13% of Viacom worth $19,612,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VIA. Legal & General Group Plc grew its position in Viacom by 3,470.8% during the 2nd quarter. Legal & General Group Plc now owns 3,428 shares of the company’s stock worth $130,000 after acquiring an additional 3,332 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Viacom by 31.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,386 shares of the company’s stock valued at $167,000 after buying an additional 1,046 shares during the last quarter. Citigroup Inc. bought a new position in Viacom in the 2nd quarter valued at $195,000. California Public Employees Retirement System bought a new position in Viacom in the 3rd quarter valued at $215,000. Finally, Pinnacle Associates Ltd. boosted its position in Viacom by 50.7% in the 2nd quarter. Pinnacle Associates Ltd. now owns 7,315 shares of the company’s stock valued at $278,000 after buying an additional 2,460 shares during the last quarter. Institutional investors and hedge funds own 2.40% of the company’s stock.
Viacom, Inc. (NASDAQ VIA) opened at $36.25 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.55 and a quick ratio of 1.30. The company has a market capitalization of $14,260.01, a price-to-earnings ratio of 9.40 and a beta of 1.43. Viacom, Inc. has a 12-month low of $28.20 and a 12-month high of $49.00.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Thursday, December 14th. Viacom’s dividend payout ratio (DPR) is currently 17.13%.
Separately, Citigroup lowered Viacom from a “neutral” rating to a “sell” rating in a research report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $45.00.
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Viacom Company Profile
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.
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