Viacom, Inc. Class B (NASDAQ:VIAB) Shares Bought by BlackRock Inc.

BlackRock Inc. increased its holdings in Viacom, Inc. Class B (NASDAQ:VIAB) by 4.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,302,435 shares of the company’s stock after buying an additional 1,075,699 shares during the period. BlackRock Inc. owned 6.04% of Viacom, Inc. Class B worth $754,833,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VIAB. Financial Gravity Companies Inc. acquired a new position in Viacom, Inc. Class B during the fourth quarter valued at approximately $202,000. Lehman Financial Resources Inc. acquired a new position in Viacom, Inc. Class B during the fourth quarter valued at approximately $207,000. Wall Street Access Asset Management LLC acquired a new position in Viacom, Inc. Class B during the fourth quarter valued at approximately $212,000. Hourglass Capital LLC acquired a new position in Viacom, Inc. Class B during the fourth quarter valued at approximately $220,000. Finally, SeaCrest Wealth Management LLC acquired a new position in Viacom, Inc. Class B during the fourth quarter valued at approximately $225,000. Institutional investors own 79.11% of the company’s stock.

Shares of Viacom, Inc. Class B opened at $28.91 on Friday, Marketbeat.com reports. The company has a current ratio of 1.53, a quick ratio of 1.24 and a debt-to-equity ratio of 1.47. Viacom, Inc. Class B has a twelve month low of $22.13 and a twelve month high of $36.77. The firm has a market capitalization of $11.39 billion, a P/E ratio of 7.67, a price-to-earnings-growth ratio of 0.88 and a beta of 1.42.



Viacom, Inc. Class B (NASDAQ:VIAB) last issued its quarterly earnings data on Wednesday, April 25th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.13. Viacom, Inc. Class B had a net margin of 16.74% and a return on equity of 24.97%. The company had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the previous year, the firm posted $0.79 earnings per share. Viacom, Inc. Class B’s revenue for the quarter was down 3.3% on a year-over-year basis. sell-side analysts predict that Viacom, Inc. Class B will post 4.06 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Friday, June 15th will be paid a $0.20 dividend. The ex-dividend date is Thursday, June 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.77%. Viacom, Inc. Class B’s dividend payout ratio is 21.22%.

Several brokerages have commented on VIAB. ValuEngine downgraded shares of Viacom, Inc. Class B from a “sell” rating to a “strong sell” rating in a research report on Friday, May 18th. BidaskClub downgraded shares of Viacom, Inc. Class B from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 3rd. Pivotal Research restated a “hold” rating and set a $34.00 price objective on shares of Viacom, Inc. Class B in a research report on Tuesday, April 17th. Citigroup upgraded shares of Viacom, Inc. Class B from a “sell” rating to a “neutral” rating in a research report on Wednesday, March 28th. Finally, Loop Capital began coverage on shares of Viacom, Inc. Class B in a research report on Thursday, March 15th. They set a “hold” rating and a $33.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $34.43.

Viacom, Inc. Class B 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.

Institutional Ownership by Quarter for Viacom, Inc. Class B (NASDAQ:VIAB)

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