Round Hill Asset Management Purchases 1,335 Shares of Viacom, Inc. (NASDAQ:VIAB)

Round Hill Asset Management grew its holdings in Viacom, Inc. (NASDAQ:VIAB) by 3.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,432 shares of the company’s stock after purchasing an additional 1,335 shares during the quarter. Round Hill Asset Management’s holdings in Viacom were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in VIAB. Vanguard Group Inc increased its holdings in Viacom by 1.6% during the 3rd quarter. Vanguard Group Inc now owns 38,037,506 shares of the company’s stock worth $1,284,147,000 after purchasing an additional 585,381 shares in the last quarter. CWM LLC boosted its stake in shares of Viacom by 507.6% in the 4th 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. Quantamental Technologies LLC purchased a new position in shares of Viacom in the 4th quarter worth approximately $72,000. Xact Kapitalforvaltning AB boosted its stake in shares of Viacom by 8.3% in the 4th quarter. Xact Kapitalforvaltning AB now owns 61,411 shares of the company’s stock worth $1,578,000 after buying an additional 4,700 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of Viacom by 7.9% in the 4th quarter. Advisors Asset Management Inc. now owns 28,938 shares of the company’s stock worth $744,000 after buying an additional 2,119 shares during the last quarter. 79.83% of the stock is currently owned by institutional investors.

Viacom stock traded up $0.60 during trading on Friday, hitting $29.87. The stock had a trading volume of 4,921,102 shares, compared to its average volume of 4,145,105. Viacom, Inc. has a 1 year low of $23.31 and a 1 year high of $34.44. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.07 and a current ratio of 1.29. The company’s 50 day moving average price is $29.10. The firm has a market cap of $11.80 billion, a PE ratio of 7.25, a price-to-earnings-growth ratio of 1.00 and a beta of 1.32.

Viacom (NASDAQ:VIAB) last posted its quarterly earnings data on Friday, May 10th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.80 by $0.15. Viacom had a return on equity of 22.60% and a net margin of 12.63%. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the prior year, the business earned $0.92 earnings per share. Viacom’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, sell-side analysts predict that Viacom, Inc. will post 3.98 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.80 annualized dividend and a yield of 2.68%. Viacom’s payout ratio is 19.42%.

A number of equities analysts have recently weighed in on VIAB shares. TheStreet upgraded Viacom from a “c+” rating to a “b-” rating in a research note on Friday, April 26th. Loop Capital upgraded Viacom from a “hold” rating to a “buy” rating and boosted their target price for the stock from $33.00 to $35.00 in a research note on Friday, March 29th. ValuEngine upgraded Viacom from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. BidaskClub upgraded Viacom from a “sell” rating to a “hold” rating in a research note on Saturday, June 22nd. Finally, BMO Capital Markets cut their target price on Viacom from $34.00 to $33.00 and set a “market perform” rating on the stock in a research note on Thursday, May 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $34.43.

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.

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Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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