Dimensional Fund Advisors LP increased its position in shares of Viacom, Inc. (NASDAQ:VIAB) by 30.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,816,999 shares of the company’s stock after buying an additional 894,243 shares during the quarter. Dimensional Fund Advisors LP owned about 0.95% of Viacom worth $106,266,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Commonwealth Bank of Australia grew its holdings in shares of Viacom by 5.0% in the second quarter. Commonwealth Bank of Australia now owns 121,622 shares of the company’s stock valued at $4,081,000 after acquiring an additional 5,839 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new position in shares of Viacom in the second quarter valued at approximately $22,120,000. Tobam bought a new position in shares of Viacom in the second quarter valued at approximately $1,886,000. Andra AP fonden grew its holdings in shares of Viacom by 5.7% in the second quarter. Andra AP fonden now owns 68,700 shares of the company’s stock valued at $2,306,000 after acquiring an additional 3,700 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of Viacom by 36.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 33,302 shares of the company’s stock valued at $1,118,000 after acquiring an additional 8,932 shares in the last quarter. 79.20% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently issued reports on VIAB. Zacks Investment Research raised Viacom from a “sell” rating to a “hold” rating in a report on Monday, November 20th. Cowen reissued a “neutral” rating on shares of Viacom in a report on Friday, November 17th. Macquarie lowered Viacom from a “neutral” rating to an “underperform” rating and set a $26.00 price objective for the company. in a report on Tuesday, January 2nd. Deutsche Bank dropped their target price on Viacom to $25.00 and set a “sell” rating on the stock in a research report on Monday, October 23rd. Finally, Barrington Research downgraded Viacom from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 2nd. Seven investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the company’s stock. Viacom has a consensus rating of “Hold” and a consensus target price of $35.04.
Viacom (NASDAQ:VIAB) last released its earnings results on Thursday, November 16th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.09). Viacom had a net margin of 14.13% and a return on equity of 28.95%. The business had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.23 billion. During the same quarter in the previous year, the business posted $1.54 earnings per share. Viacom’s revenue for the quarter was up 2.9% on a year-over-year basis. analysts forecast that Viacom, Inc. will post 3.77 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were issued a $0.20 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.60%. Viacom’s payout ratio is currently 17.17%.
TRADEMARK VIOLATION WARNING: “Viacom, Inc. (NASDAQ:VIAB) Shares Bought by Dimensional Fund Advisors LP” was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://stocknewstimes.com/2018/01/11/dimensional-fund-advisors-lp-boosts-holdings-in-viacom-inc-viab.html.
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.
Receive News & Ratings for Viacom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom and related companies with MarketBeat.com's FREE daily email newsletter.