Kessler Investment Group LLC decreased its holdings in Viacom, Inc. (NASDAQ:VIA) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,959 shares of the company’s stock after selling 1,403 shares during the quarter. Kessler Investment Group LLC’s holdings in Viacom were worth $666,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Viacom by 10,164.8% in the third quarter. Vanguard Group Inc. now owns 38,421,882 shares of the company’s stock valued at $1,298,196,000 after purchasing an additional 38,047,575 shares during the last quarter. FMR LLC grew its holdings in Viacom by 12.8% in the second quarter. FMR LLC now owns 1,243,221 shares of the company’s stock valued at $44,072,000 after purchasing an additional 141,300 shares during the last quarter. Vanguard Group Inc grew its holdings in Viacom by 2.7% in the third quarter. Vanguard Group Inc now owns 384,376 shares of the company’s stock valued at $14,049,000 after purchasing an additional 10,069 shares during the last quarter. BlackRock Inc. grew its holdings in Viacom by 10.1% in the third quarter. BlackRock Inc. now owns 210,736 shares of the company’s stock valued at $7,703,000 after purchasing an additional 19,255 shares during the last quarter. Finally, Morgan Stanley grew its holdings in Viacom by 9.6% in the third quarter. Morgan Stanley now owns 115,482 shares of the company’s stock valued at $4,220,000 after purchasing an additional 10,106 shares during the last quarter. Hedge funds and other institutional investors own 1.96% of the company’s stock.
Shares of VIA traded up $0.28 during trading hours on Friday, reaching $32.64. 209 shares of the company traded hands, compared to its average volume of 60,532. The company has a quick ratio of 1.28, a current ratio of 1.50 and a debt-to-equity ratio of 1.27. The firm has a market cap of $12.87 billion, a P/E ratio of 7.75 and a beta of 1.25. Viacom, Inc. has a fifty-two week low of $27.01 and a fifty-two week high of $40.64.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 2nd. Investors of record on Monday, December 17th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Friday, December 14th.
Several analysts have weighed in on VIA shares. TheStreet raised Viacom from a “c+” rating to a “b-” rating in a report on Friday, October 19th. B. Riley raised Viacom from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 26th. Finally, Goldman Sachs Group started coverage on Viacom in a research note on Thursday, November 29th. They set a “neutral” rating and a $34.00 price objective on the stock.
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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.
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