Citadel Advisors LLC grew its stake in Viacom, Inc. (NASDAQ:VIA) by 116.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,209 shares of the company’s stock after purchasing an additional 7,109 shares during the period. Citadel Advisors LLC’s holdings in Viacom were worth $461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently bought and sold shares of VIA. Vanguard Group Inc. grew its position in shares of Viacom by 563.5% in the second quarter. Vanguard Group Inc. now owns 191,623 shares of the company’s stock valued at $7,291,000 after purchasing an additional 162,744 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Viacom by 5.2% in the second quarter. Dimensional Fund Advisors LP now owns 68,229 shares of the company’s stock valued at $2,597,000 after purchasing an additional 3,374 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Viacom by 11.0% in the second quarter. Goldman Sachs Group Inc. now owns 14,489 shares of the company’s stock valued at $551,000 after purchasing an additional 1,431 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Viacom by 31.3% in the second quarter. Public Employees Retirement System of Ohio now owns 4,386 shares of the company’s stock valued at $167,000 after purchasing an additional 1,046 shares in the last quarter. Finally, Cowen Inc. purchased a new stake in shares of Viacom in the third quarter valued at approximately $734,000. Institutional investors and hedge funds own 2.30% of the company’s stock.
A number of research firms have recently issued reports on VIA. Rosenblatt Securities restated a “sell” rating and issued a $45.00 price target on shares of Viacom in a research report on Tuesday, January 16th. Loop Capital restated a “hold” rating and issued a $27.00 price target (down from $28.00) on shares of Viacom in a research report on Wednesday, December 27th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $39.00.
Shares of VIA stock traded down $1.20 during trading on Friday, reaching $38.85. The company had a trading volume of 41,056 shares, compared to its average volume of 24,102. The stock has a market capitalization of $15,630.95, a price-to-earnings ratio of 7.77 and a beta of 1.31. Viacom, Inc. has a 52 week low of $28.20 and a 52 week high of $49.00. The company has a quick ratio of 1.14, a current ratio of 1.41 and a debt-to-equity ratio of 1.52.
Viacom (NASDAQ:VIA) last issued its quarterly earnings data on Thursday, February 8th. The company reported $1.03 earnings per share for the quarter. The company had revenue of $3.07 billion during the quarter. Viacom had a return on equity of 26.28% and a net margin of 15.49%.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Thursday, March 15th will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.80 annualized dividend and a yield of 2.06%. Viacom’s payout ratio is 16.00%.
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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