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.

Shares of NASDAQ:VIAB opened at $27.10 on Friday. The stock has a market cap of $10.82 billion, a P/E ratio of 7.19, a P/E/G ratio of 0.83 and a beta of 1.45. The company has a current ratio of 1.53, a quick ratio of 1.24 and a debt-to-equity ratio of 1.47. Viacom Inc has a one year low of $22.13 and a one year high of $36.96.

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 Profile

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.

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Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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