Viacom, Inc. (VIAB) Shares Sold by LS Investment Advisors LLC

LS Investment Advisors LLC trimmed its position in shares of Viacom, Inc. (NASDAQ:VIAB) by 10.9% in the 4th quarter, HoldingsChannel reports. The fund owned 20,250 shares of the company’s stock after selling 2,472 shares during the quarter. LS Investment Advisors LLC’s holdings in Viacom were worth $520,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. CWM LLC increased its position in Viacom by 507.6% during the fourth quarter. CWM LLC now owns 1,197 shares of the company’s stock worth $31,000 after buying an additional 1,000 shares during the last quarter. Dubuque Bank & Trust Co. increased its position in Viacom by 1,686.7% during the fourth quarter. Dubuque Bank & Trust Co. now owns 1,876 shares of the company’s stock worth $49,000 after buying an additional 1,771 shares during the last quarter. We Are One Seven LLC acquired a new position in Viacom during the fourth quarter worth $67,000. First Mercantile Trust Co. increased its position in Viacom by 109.8% during the fourth quarter. First Mercantile Trust Co. now owns 2,770 shares of the company’s stock worth $72,000 after buying an additional 1,450 shares during the last quarter. Finally, Quantamental Technologies LLC acquired a new position in Viacom during the fourth quarter worth $72,000. Institutional investors and hedge funds own 80.52% of the company’s stock.

VIAB has been the topic of several analyst reports. Goldman Sachs Group initiated coverage on shares of Viacom in a research report on Thursday, November 29th. They set a “neutral” rating and a $34.00 target price on the stock. Barrington Research raised shares of Viacom from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a research report on Wednesday, January 2nd. BidaskClub raised shares of Viacom from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. UBS Group downgraded shares of Viacom from a “buy” rating to a “neutral” rating and set a $34.00 target price on the stock. in a research report on Monday, November 5th. Finally, Imperial Capital raised shares of Viacom from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $30.00 to $37.00 in a research report on Friday, January 11th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $34.56.

Shares of NASDAQ:VIAB opened at $29.19 on Monday. The stock has a market capitalization of $11.76 billion, a PE ratio of 7.08, a price-to-earnings-growth ratio of 0.84 and a beta of 1.48. Viacom, Inc. has a 52-week low of $23.31 and a 52-week high of $34.58. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.10 and a current ratio of 1.31.

Viacom (NASDAQ:VIAB) last issued its quarterly earnings results on Tuesday, February 5th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.10. The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.12 billion. Viacom had a return on equity of 23.34% and a net margin of 11.60%. The firm’s revenue was up .6% compared to the same quarter last year. During the same period last year, the business posted $1.03 earnings per share. On average, sell-side analysts predict that Viacom, Inc. will post 4.21 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Thursday, March 14th. Viacom’s dividend payout ratio is currently 19.42%.

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About Viacom

Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.

Further Reading: What is channel trading?

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Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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