Renaissance Technologies LLC Buys New Stake in Viacom, Inc. (VIAB)

Renaissance Technologies LLC bought a new stake in Viacom, Inc. (NASDAQ:VIAB) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 542,500 shares of the company’s stock, valued at approximately $16,714,000. Renaissance Technologies LLC owned approximately 0.13% of Viacom at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VIAB. Nationwide Fund Advisors grew its position in shares of Viacom by 51.5% during the third quarter. Nationwide Fund Advisors now owns 222,460 shares of the company’s stock worth $6,193,000 after buying an additional 75,577 shares in the last quarter. Sei Investments Co. grew its position in shares of Viacom by 25.3% during the third quarter. Sei Investments Co. now owns 35,735 shares of the company’s stock worth $995,000 after buying an additional 7,217 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of Viacom by 12.8% during the third quarter. New York State Common Retirement Fund now owns 1,077,100 shares of the company’s stock worth $29,986,000 after buying an additional 121,900 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Viacom by 61.9% during the third quarter. Pacer Advisors Inc. now owns 17,898 shares of the company’s stock worth $498,000 after buying an additional 6,841 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its position in shares of Viacom by 9.1% during the third quarter. Great West Life Assurance Co. Can now owns 405,577 shares of the company’s stock worth $11,277,000 after buying an additional 33,689 shares in the last quarter. 80.99% of the stock is owned by institutional investors.

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Shares of NASDAQ VIAB opened at $31.06 on Friday. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.41 and a quick ratio of 1.14. Viacom, Inc. has a twelve month low of $22.13 and a twelve month high of $46.72. The company has a market capitalization of $12,496.71, a price-to-earnings ratio of 8.24, a PEG ratio of 1.17 and a beta of 1.47.

Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Thursday, February 8th. The company reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.09. Viacom had a return on equity of 26.28% and a net margin of 15.49%. The company had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the previous year, the business earned $1.04 earnings per share. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. sell-side analysts anticipate that Viacom, Inc. will post 4.03 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Thursday, March 15th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Wednesday, March 14th. Viacom’s dividend payout ratio is currently 21.22%.

VIAB has been the subject of a number of analyst reports. Zacks Investment Research downgraded Viacom from a “hold” rating to a “sell” rating in a research report on Saturday, January 20th. Wells Fargo reissued a “market perform” rating and set a $32.00 price objective (up from $25.00) on shares of Viacom in a research report on Thursday, January 4th. Macquarie downgraded Viacom from a “neutral” rating to an “underperform” rating and set a $26.00 price objective for the company. in a research report on Tuesday, January 2nd. BidaskClub raised Viacom from a “strong sell” rating to a “sell” rating in a report on Friday, December 22nd. Finally, Royal Bank of Canada raised Viacom from an “underperform” rating to a “sector perform” rating and set a $35.00 price target for the company in a report on Friday, February 9th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $35.73.

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About Viacom

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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Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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