Viacom, Inc. (NASDAQ:VIAB) Stake Increased by Trust Co. of Vermont

Trust Co. of Vermont increased its stake in Viacom, Inc. (NASDAQ:VIAB) by 514.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 836 shares of the company’s stock after buying an additional 700 shares during the period. Trust Co. of Vermont’s holdings in Viacom were worth $25,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Viacom by 20.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,147,775 shares of the company’s stock valued at $132,310,000 after purchasing an additional 865,520 shares in the last quarter. Advisory Services Network LLC boosted its holdings in shares of Viacom by 189.2% in the fourth quarter. Advisory Services Network LLC now owns 1,605 shares of the company’s stock worth $41,000 after acquiring an additional 1,050 shares during the period. State of Alaska Department of Revenue boosted its stake in Viacom by 3.2% during the first quarter. State of Alaska Department of Revenue now owns 109,162 shares of the company’s stock valued at $3,063,000 after buying an additional 3,406 shares during the period. KAMES CAPITAL plc lifted its stake in Viacom by 7.2% during the first quarter. KAMES CAPITAL plc now owns 69,941 shares of the company’s stock worth $1,963,000 after purchasing an additional 4,714 shares during the last quarter. Finally, Manning & Napier Group LLC lifted its stake in Viacom by 41.5% during the first quarter. Manning & Napier Group LLC now owns 98,052 shares of the company’s stock worth $2,751,000 after purchasing an additional 28,755 shares during the last quarter. Institutional investors and hedge funds own 79.89% of the company’s stock.

NASDAQ:VIAB traded down $0.76 on Friday, hitting $30.02. The stock had a trading volume of 238,666 shares, compared to its average volume of 3,389,875. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.07 and a current ratio of 1.29. The firm has a market capitalization of $11.96 billion, a PE ratio of 7.28, a price-to-earnings-growth ratio of 1.01 and a beta of 1.29. The stock has a fifty day moving average price of $30.59. Viacom, Inc. has a 1-year low of $23.31 and a 1-year high of $34.44.

Viacom (NASDAQ:VIAB) last posted its earnings results on Thursday, August 8th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.14. The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.33 billion. Viacom had a net margin of 12.63% and a return on equity of 22.60%. Viacom’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.18 EPS. Analysts forecast that Viacom, Inc. will post 4.03 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.80 annualized dividend and a dividend yield of 2.66%. Viacom’s dividend payout ratio is currently 19.42%.

VIAB has been the topic of a number of research analyst reports. ValuEngine downgraded Viacom from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. TheStreet raised Viacom from a “c+” rating to a “b-” rating in a research report on Friday, April 26th. BMO Capital Markets lowered their price objective on Viacom from $34.00 to $33.00 and set a “market perform” rating on the stock in a research report on Thursday, May 16th. Finally, BidaskClub raised Viacom from a “sell” rating to a “hold” rating in a research report on Friday, July 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. Viacom presently has an average rating of “Hold” and an average price target of $34.54.

About Viacom

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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Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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