Lumina Fund Management LLC acquired a new stake in shares of Viacom Inc. (NASDAQ:VIA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 188,700 shares of the company’s stock, valued at approximately $6,623,000. Viacom comprises about 0.7% of Lumina Fund Management LLC’s investment portfolio, making the stock its 12th largest position.
A number of other institutional investors also recently modified their holdings of the stock. Westbourne Investment Advisors Inc. raised its stake in shares of Viacom by 0.4% in the third quarter. Westbourne Investment Advisors Inc. now owns 9,784 shares of the company’s stock valued at $419,000 after buying an additional 35 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Viacom by 10.0% in the third quarter. First Trust Advisors LP now owns 5,348 shares of the company’s stock valued at $229,000 after buying an additional 485 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Viacom by 5.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 10,888 shares of the company’s stock valued at $506,000 after buying an additional 588 shares in the last quarter. Simplex Trading LLC raised its stake in shares of Viacom by 831.7% in the third quarter. Simplex Trading LLC now owns 2,348 shares of the company’s stock valued at $100,000 after buying an additional 2,096 shares in the last quarter. Finally, Numeric Investors LLC raised its stake in shares of Viacom by 19.9% in the second quarter. Numeric Investors LLC now owns 17,500 shares of the company’s stock valued at $812,000 after buying an additional 2,900 shares in the last quarter. Institutional investors and hedge funds own 1.99% of the company’s stock.
Shares of Viacom Inc. (NASDAQ:VIA) traded up 1.72% during mid-day trading on Tuesday, hitting $47.40. The stock had a trading volume of 40,487 shares. The stock’s 50-day moving average is $43.26 and its 200 day moving average is $42.84. The company has a market cap of $18.81 billion, a PE ratio of 13.60 and a beta of 1.21. Viacom Inc. has a 12 month low of $37.90 and a 12 month high of $50.81.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Wednesday, March 15th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Monday, March 13th. Viacom’s dividend payout ratio (DPR) is presently 22.92%.
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Several equities research analysts recently weighed in on VIA shares. Drexel Hamilton raised Viacom to a “buy” rating in a report on Thursday, February 9th. RBC Capital Markets lowered Viacom from a “sector perform” rating to an “underperform” rating and decreased their price objective for the stock from $44.00 to $30.00 in a report on Tuesday, December 13th. Wedbush lowered Viacom from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $46.00 to $39.00 in a report on Thursday, December 15th. FBR & Co reissued a “market perform” rating and issued a $44.00 price objective (down previously from $56.00) on shares of Viacom in a report on Tuesday, November 15th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $42.00 price objective (down previously from $47.00) on shares of Viacom in a report on Thursday, November 10th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $41.77.
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.
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