Candriam Luxembourg S.C.A. Has $938,000 Position in Viacom Inc (VIAB)
Candriam Luxembourg S.C.A. lowered its stake in shares of Viacom Inc (NASDAQ:VIAB) by 84.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,214 shares of the company’s stock after selling 159,885 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Viacom were worth $938,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Wedbush Securities Inc. acquired a new stake in shares of Viacom during the fourth quarter valued at $291,000. BlackRock Inc. boosted its stake in shares of Viacom by 1.2% during the fourth quarter. BlackRock Inc. now owns 23,226,736 shares of the company’s stock valued at $715,616,000 after acquiring an additional 264,076 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Viacom in the 4th quarter worth about $16,714,000. Wall Street Access Asset Management LLC acquired a new stake in Viacom in the 4th quarter worth about $212,000. Finally, Roberts Glore & Co. Inc. IL acquired a new stake in Viacom in the 4th quarter worth about $270,000. 79.02% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have issued reports on VIAB. Zacks Investment Research lowered Viacom from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. ValuEngine lowered Viacom from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Macquarie raised Viacom from an “underperform” rating to a “neutral” rating and set a $37.00 price target on the stock in a research note on Wednesday, February 28th. Atlantic Securities raised Viacom from an “underweight” rating to a “neutral” rating in a research note on Wednesday, February 14th. Finally, BMO Capital Markets raised their price target on Viacom from $27.00 to $34.00 and gave the stock a “market perform” rating in a research note on Monday, February 12th. Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $35.00.
Viacom (NASDAQ:VIAB) last announced its earnings results on Wednesday, April 25th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.79 by $0.13. The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.04 billion. Viacom had a return on equity of 24.97% and a net margin of 16.74%. The company’s revenue was down 3.3% on a year-over-year basis. During the same period last year, the business posted $0.79 EPS. equities analysts forecast that Viacom Inc will post 4.07 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Friday, June 15th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, June 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.95%. Viacom’s payout ratio is currently 21.22%.
Viacom, Inc operates media brands that create entertainment content worldwide. The company creates television programs, motion pictures, short-form content, games, consumer products, podcasts, live events, and social media experiences. It operates through two segments, Media Networks and Filmed Entertainment.
Want to see what other hedge funds are holding VIAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viacom Inc (NASDAQ:VIAB).
Receive News & Ratings for Viacom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom and related companies with MarketBeat.com's FREE daily email newsletter.