Dimensional Fund Advisors LP boosted its holdings in shares of Viacom, Inc. (NASDAQ:VIA) by 5.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,229 shares of the company’s stock after purchasing an additional 3,374 shares during the period. Dimensional Fund Advisors LP’s holdings in Viacom were worth $2,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently modified their holdings of the company. Legal & General Group Plc grew its stake in Viacom by 3,470.8% during the 2nd quarter. Legal & General Group Plc now owns 3,428 shares of the company’s stock valued at $130,000 after acquiring an additional 3,332 shares in the last quarter. Citigroup Inc. purchased a new stake in Viacom during the 2nd quarter valued at about $195,000. California Public Employees Retirement System purchased a new stake in shares of Viacom in the 1st quarter valued at approximately $224,000. Pinnacle Associates Ltd. grew its stake in shares of Viacom by 50.7% in the 2nd quarter. Pinnacle Associates Ltd. now owns 7,315 shares of the company’s stock valued at $278,000 after buying an additional 2,460 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in shares of Viacom by 12.0% in the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 11,200 shares of the company’s stock valued at $426,000 after buying an additional 1,200 shares during the period. Institutional investors and hedge funds own 2.40% of the company’s stock.
Viacom, Inc. (NASDAQ:VIA) traded up $0.20 during midday trading on Wednesday, hitting $34.15. 29,555 shares of the company were exchanged, compared to its average volume of 77,097. Viacom, Inc. has a 1 year low of $28.20 and a 1 year high of $49.00. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.55 and a quick ratio of 1.30. The stock has a market cap of $13,757.19, a P/E ratio of 9.07 and a beta of 1.43.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.34%. The ex-dividend date is Thursday, December 14th. Viacom’s payout ratio is currently 17.13%.
Separately, Citigroup cut shares of Viacom from a “neutral” rating to a “sell” rating in a research note on Monday, October 9th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Viacom presently has a consensus rating of “Hold” and an average target price of $39.75.
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.
Receive News & Ratings for Viacom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom and related companies with MarketBeat.com's FREE daily email newsletter.