Teacher Retirement System of Texas raised its position in shares of Viacom, Inc. Class B (NASDAQ:VIAB) by 153.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 540,614 shares of the company’s stock after buying an additional 327,193 shares during the period. Teacher Retirement System of Texas owned about 0.13% of Viacom, Inc. Class B worth $16,305,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mount Yale Investment Advisors LLC purchased a new stake in shares of Viacom, Inc. Class B in the 1st quarter worth about $126,000. Financial Gravity Wealth Inc. purchased a new stake in shares of Viacom, Inc. Class B in the 1st quarter worth about $197,000. Greenleaf Trust purchased a new stake in shares of Viacom, Inc. Class B in the 1st quarter worth about $237,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Viacom, Inc. Class B in the 1st quarter worth about $238,000. Finally, Intact Investment Management Inc. purchased a new stake in shares of Viacom, Inc. Class B in the 2nd quarter worth about $238,000. 77.55% of the stock is owned by institutional investors and hedge funds.

Shares of Viacom, Inc. Class B stock opened at $30.10 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.69 and a quick ratio of 1.41. The stock has a market capitalization of $12.21 billion, a P/E ratio of 7.98, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. Viacom, Inc. Class B has a 1 year low of $22.13 and a 1 year high of $35.55.

Viacom, Inc. Class B (NASDAQ:VIAB) last issued its quarterly earnings results on Thursday, August 9th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.11. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.27 billion. Viacom, Inc. Class B had a net margin of 15.65% and a return on equity of 23.53%. Viacom, Inc. Class B’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period last year, the business earned $1.17 EPS. equities research analysts expect that Viacom, Inc. Class B will post 4.08 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Monday, September 17th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, September 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.66%. Viacom, Inc. Class B’s payout ratio is 21.22%.

VIAB has been the subject of several research analyst reports. Credit Suisse Group initiated coverage on shares of Viacom, Inc. Class B in a research report on Tuesday, July 10th. They issued a “neutral” rating and a $33.00 target price for the company. BidaskClub cut shares of Viacom, Inc. Class B from a “sell” rating to a “strong sell” rating in a research report on Friday, July 20th. ValuEngine cut shares of Viacom, Inc. Class B from a “sell” rating to a “strong sell” rating in a research report on Friday, May 18th. Pivotal Research raised shares of Viacom, Inc. Class B from a “hold” rating to a “buy” rating and dropped their target price for the stock from $34.00 to $32.00 in a research report on Tuesday, July 31st. They noted that the move was a valuation call. Finally, Imperial Capital initiated coverage on shares of Viacom, Inc. Class B in a research report on Thursday, June 28th. They issued an “underperform” rating and a $26.00 target price for the company. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $33.82.

Viacom, Inc. Class B Company 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, Inc. Class B (NASDAQ:VIAB)

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