Panagora Asset Management Inc. Has $162.32 Million Holdings in Viacom, Inc. (VIAB)

Panagora Asset Management Inc. raised its stake in shares of Viacom, Inc. (NASDAQ:VIAB) by 176.3% in the 3rd quarter, Holdings Channel reports. The fund owned 4,808,065 shares of the company’s stock after acquiring an additional 3,067,601 shares during the quarter. Panagora Asset Management Inc.’s holdings in Viacom were worth $162,320,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its holdings in Viacom by 3.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,966,774 shares of the company’s stock valued at $59,318,000 after buying an additional 68,528 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Viacom by 1,627.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 333,683 shares of the company’s stock worth $11,265,000 after purchasing an additional 314,365 shares during the period. GAM Holding AG lifted its stake in shares of Viacom by 4.9% during the 2nd quarter. GAM Holding AG now owns 146,714 shares of the company’s stock worth $4,425,000 after purchasing an additional 6,905 shares during the period. First Trust Advisors LP lifted its stake in shares of Viacom by 8.1% during the 3rd quarter. First Trust Advisors LP now owns 819,495 shares of the company’s stock worth $27,666,000 after purchasing an additional 61,720 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in shares of Viacom by 4.1% during the 2nd quarter. Janus Henderson Group PLC now owns 89,011 shares of the company’s stock worth $2,685,000 after purchasing an additional 3,531 shares during the period. 81.31% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:VIAB opened at $31.04 on Monday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.28 and a current ratio of 1.50. The stock has a market capitalization of $12.50 billion, a price-to-earnings ratio of 7.53, a P/E/G ratio of 1.08 and a beta of 1.40. Viacom, Inc. has a 12 month low of $26.09 and a 12 month high of $35.55.

Viacom (NASDAQ:VIAB) last announced its earnings results on Friday, November 16th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.04. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.37 billion. Viacom had a return on equity of 23.68% and a net margin of 13.28%. The company’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $0.77 earnings per share. Equities research analysts anticipate that Viacom, Inc. will post 4.34 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 17th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, December 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.58%. Viacom’s dividend payout ratio is presently 19.42%.

Several research analysts recently weighed in on VIAB shares. Pivotal Research raised Viacom from a “hold” rating to a “buy” rating and cut 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. Barrington Research reaffirmed a “hold” rating on shares of Viacom in a research report on Wednesday, August 15th. ValuEngine raised Viacom from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 15th. BidaskClub raised Viacom from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. Finally, TheStreet raised Viacom from a “c+” rating to a “b-” rating in a research report on Friday, August 31st. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $34.16.

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Viacom 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 (NASDAQ:VIAB)

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