Viacom, Inc. (VIAB) Holdings Trimmed by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. trimmed its holdings in Viacom, Inc. (NASDAQ:VIAB) by 37.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,590 shares of the company’s stock after selling 4,023 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Viacom were worth $183,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VIAB. Beach Investment Management LLC. bought a new position in shares of Viacom during the 2nd quarter valued at approximately $272,000. Schwab Charles Investment Management Inc. boosted its position in shares of Viacom by 7.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,546,809 shares of the company’s stock valued at $51,927,000 after acquiring an additional 112,516 shares during the last quarter. BB&T Securities LLC boosted its position in shares of Viacom by 99.2% during the 2nd quarter. BB&T Securities LLC now owns 13,479 shares of the company’s stock valued at $452,000 after acquiring an additional 6,711 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Viacom by 14.4% during the 2nd quarter. Victory Capital Management Inc. now owns 128,131 shares of the company’s stock valued at $4,301,000 after acquiring an additional 16,083 shares during the last quarter. Finally, Andra AP fonden boosted its position in shares of Viacom by 5.7% during the 2nd 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 during the last quarter. Hedge funds and other institutional investors own 79.20% of the company’s stock.

Shares of Viacom, Inc. (NASDAQ:VIAB) opened at $30.81 on Monday. The company has a quick ratio of 1.30, a current ratio of 1.55 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $12,393.54, a PE ratio of 6.60, a price-to-earnings-growth ratio of 1.09 and a beta of 1.60. Viacom, Inc. has a twelve month low of $22.13 and a twelve month high of $46.72.

Viacom (NASDAQ:VIAB) last issued its quarterly earnings results on Thursday, November 16th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.09). Viacom had a return on equity of 28.95% and a net margin of 14.13%. The business had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same period in the prior year, the business posted $1.54 EPS. Viacom’s revenue was up 2.9% compared to the same quarter last year. sell-side analysts forecast that Viacom, Inc. will post 3.77 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Thursday, December 14th. Viacom’s dividend payout ratio (DPR) is 17.13%.

VIAB has been the topic of several recent research reports. Citigroup lowered Viacom from a “neutral” rating to a “sell” rating and decreased their price target for the company from $33.00 to $24.00 in a report on Monday, October 9th. Wells Fargo & Co lowered Viacom from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 5th. Morgan Stanley reduced their target price on Viacom from $42.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday, October 13th. BMO Capital Markets reiterated a “hold” rating and issued a $30.00 target price on shares of Viacom in a research note on Wednesday, October 18th. Finally, Deutsche Bank reduced their target price on Viacom to $25.00 and set a “sell” rating on the stock in a research note on Monday, October 23rd. Six analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $35.81.

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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.

Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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