YorkBridge Wealth Partners LLC lifted its stake in shares of Viacom, Inc. (NASDAQ:VIA) by 23.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,110 shares of the company’s stock after acquiring an additional 400 shares during the quarter. YorkBridge Wealth Partners LLC’s holdings in Viacom were worth $72,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently modified their holdings of VIA. Millennium Management LLC grew its stake in Viacom by 4.1% in the fourth quarter. Millennium Management LLC now owns 25,686 shares of the company’s stock worth $714,000 after purchasing an additional 1,003 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Viacom by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 88,575 shares of the company’s stock worth $2,465,000 after purchasing an additional 1,742 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Viacom by 5.1% during the fourth quarter. Northern Trust Corp now owns 55,419 shares of the company’s stock worth $1,541,000 after purchasing an additional 2,699 shares in the last quarter. Barclays PLC grew its holdings in shares of Viacom by 200.4% during the fourth quarter. Barclays PLC now owns 6,044 shares of the company’s stock worth $168,000 after purchasing an additional 4,032 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System purchased a new position in shares of Viacom during the first quarter worth about $231,000. Hedge funds and other institutional investors own 1.94% of the company’s stock.
Shares of NASDAQ:VIA traded down $0.53 on Wednesday, hitting $35.58. The company had a trading volume of 2,144 shares, compared to its average volume of 49,123. Viacom, Inc. has a 1-year low of $27.01 and a 1-year high of $38.00. The company has a market cap of $14.24 billion, a PE ratio of 8.33 and a beta of 1.25. The stock’s 50 day moving average is $35.24. The company has a current ratio of 1.29, a quick ratio of 1.07 and a debt-to-equity ratio of 1.08.
The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 17th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.25%.
Several research analysts have recently commented on VIA shares. BidaskClub lowered Xencor from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 11th. TheStreet upgraded Viacom from a “c+” rating to a “b-” rating in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. Viacom currently has a consensus rating of “Hold” and an average price target of $34.00.
Viacom Company Profile
Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.
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