Moors & Cabot Inc. cut its position in shares of Viacom, Inc. (NASDAQ:VIAB) by 24.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,644 shares of the company’s stock after selling 5,401 shares during the quarter. Moors & Cabot Inc.’s holdings in Viacom were worth $512,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Viacom by 1.2% in the fourth quarter. BlackRock Inc. now owns 23,226,736 shares of the company’s stock worth $715,616,000 after acquiring an additional 264,076 shares during the period. Capital International Investors raised its position in Viacom by 19.3% in the third quarter. Capital International Investors now owns 8,761,721 shares of the company’s stock worth $243,926,000 after acquiring an additional 1,418,000 shares during the period. Oldfield Partners LLP raised its position in Viacom by 25.6% in the fourth quarter. Oldfield Partners LLP now owns 6,722,920 shares of the company’s stock worth $207,134,000 after acquiring an additional 1,368,700 shares during the period. Bank of New York Mellon Corp raised its position in Viacom by 3.8% in the third quarter. Bank of New York Mellon Corp now owns 4,224,219 shares of the company’s stock worth $117,602,000 after acquiring an additional 152,734 shares during the period. Finally, Geode Capital Management LLC raised its position in Viacom by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 4,040,229 shares of the company’s stock worth $124,243,000 after acquiring an additional 120,194 shares during the period. Institutional investors and hedge funds own 81.00% of the company’s stock.
Viacom, Inc. (NASDAQ:VIAB) traded down $0.16 during trading on Wednesday, reaching $32.64. 2,776,063 shares of the company were exchanged, compared to its average volume of 4,776,471. The company has a quick ratio of 1.14, a current ratio of 1.41 and a debt-to-equity ratio of 1.52. The company has a market cap of $13,204.83, a price-to-earnings ratio of 6.53, a PEG ratio of 0.95 and a beta of 1.47. Viacom, Inc. has a twelve month low of $22.13 and a twelve month high of $46.72.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Thursday, March 15th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Wednesday, March 14th. Viacom’s dividend payout ratio (DPR) is presently 16.00%.
VIAB has been the topic of several research reports. Zacks Investment Research lowered shares of Viacom from a “hold” rating to a “sell” rating in a research report on Saturday, January 20th. UBS Group lowered their price objective on shares of Viacom from $41.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, November 17th. Royal Bank of Canada set a $23.00 price objective on shares of Viacom and gave the stock a “sell” rating in a research report on Friday, November 17th. Pivotal Research reaffirmed a “hold” rating and issued a $25.00 price objective on shares of Viacom in a research report on Thursday, November 16th. Finally, Macquarie lowered shares of Viacom from a “neutral” rating to an “underperform” rating and set a $26.00 price objective on the stock. in a research report on Tuesday, January 2nd. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the stock. Viacom has an average rating of “Hold” and an average price target of $35.36.
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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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