Symons Capital Management Inc. bought a new position in shares of Viacom, Inc. (NASDAQ:VIAB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 297,266 shares of the company’s stock, valued at approximately $9,159,000. Viacom comprises approximately 2.6% of Symons Capital Management Inc.’s investment portfolio, making the stock its 21st biggest position. Symons Capital Management Inc. owned approximately 0.07% of Viacom as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Engines Advisors L.L.C. boosted its stake in shares of Viacom by 8.7% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 20,702 shares of the company’s stock valued at $638,000 after purchasing an additional 1,657 shares in the last quarter. Standard Life Aberdeen plc raised its holdings in Viacom by 1.5% during the 4th quarter. Standard Life Aberdeen plc now owns 117,055 shares of the company’s stock worth $3,607,000 after purchasing an additional 1,749 shares during the last quarter. Arizona State Retirement System raised its holdings in Viacom by 2.2% during the 4th quarter. Arizona State Retirement System now owns 89,394 shares of the company’s stock worth $2,754,000 after purchasing an additional 1,911 shares during the last quarter. Norinchukin Bank The raised its holdings in Viacom by 7.4% during the 4th quarter. Norinchukin Bank The now owns 28,209 shares of the company’s stock worth $869,000 after purchasing an additional 1,955 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado raised its holdings in Viacom by 3.5% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 65,795 shares of the company’s stock worth $2,027,000 after purchasing an additional 2,240 shares during the last quarter. Institutional investors and hedge funds own 81.00% of the company’s stock.
Viacom, Inc. (VIAB) opened at $32.80 on Wednesday. Viacom, Inc. has a 12-month low of $22.13 and a 12-month high of $46.72. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.41 and a quick ratio of 1.14. The stock has a market capitalization of $13,164.60, a PE ratio of 6.56, a price-to-earnings-growth ratio of 0.95 and a beta of 1.47.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Thursday, March 15th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Wednesday, March 14th. Viacom’s payout ratio is 16.00%.
Several analysts have recently weighed in on VIAB shares. Wells Fargo & Co reiterated a “market perform” rating and issued a $32.00 price objective (up previously from $25.00) on shares of Viacom in a research note on Thursday, January 4th. Zacks Investment Research lowered shares of Viacom from a “hold” rating to a “sell” rating in a research note on Saturday, January 20th. Barrington Research downgraded shares of Viacom from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 2nd. Royal Bank of Canada raised shares of Viacom from an “underperform” rating to a “sector perform” rating and set a $35.00 price target on the stock in a report on Friday, February 9th. Finally, UBS Group cut their price target on shares of Viacom from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, November 17th. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $35.36.
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Viacom Company Profile
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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