New Jersey Better Educational Savings Trust Has $633,000 Stake in Viacom, Inc. Class B (VIAB)

New Jersey Better Educational Savings Trust raised its holdings in shares of Viacom, Inc. Class B (NASDAQ:VIAB) by 50.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,000 shares of the company’s stock after acquiring an additional 7,000 shares during the quarter. New Jersey Better Educational Savings Trust’s holdings in Viacom, Inc. Class B were worth $633,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC acquired a new stake in shares of Viacom, Inc. Class B in the 1st quarter valued at about $126,000. Financial Gravity Wealth Inc. acquired a new stake in shares of Viacom, Inc. Class B in the 1st quarter valued at about $197,000. Greenleaf Trust acquired a new stake in shares of Viacom, Inc. Class B in the 1st quarter valued at about $237,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Viacom, Inc. Class B in the 1st quarter valued at about $238,000. Finally, Intact Investment Management Inc. acquired a new stake in shares of Viacom, Inc. Class B in the 2nd quarter valued at about $238,000. 78.00% of the stock is owned by institutional investors and hedge funds.

Viacom, Inc. Class B traded down $0.57, reaching $28.78, during mid-day trading on Monday, MarketBeat.com reports. 304,113 shares of the company were exchanged, compared to its average volume of 2,241,897. Viacom, Inc. Class B has a twelve month low of $22.13 and a twelve month high of $35.78. The company has a current ratio of 1.53, a quick ratio of 1.24 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $11.82 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 0.87 and a beta of 1.44.

Viacom, Inc. Class B (NASDAQ:VIAB) last posted its quarterly earnings data on Wednesday, April 25th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.13. Viacom, Inc. Class B had a return on equity of 24.97% and a net margin of 16.74%. The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same period last year, the firm earned $0.79 EPS. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. equities analysts predict that Viacom, Inc. Class B will post 4.06 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 2nd. Shareholders of record on Friday, June 15th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, June 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.78%. Viacom, Inc. Class B’s payout ratio is 21.22%.

A number of brokerages recently issued reports on VIAB. Pivotal Research reissued a “hold” rating and issued a $34.00 target price on shares of Viacom, Inc. Class B in a research report on Tuesday, April 17th. ValuEngine raised Viacom, Inc. Class B from a “strong sell” rating to a “sell” rating in a research report on Friday, May 11th. Credit Suisse Group began coverage on Viacom, Inc. Class B in a research report on Tuesday, July 10th. They issued a “neutral” rating and a $33.00 target price for the company. Cfra reissued a “hold” rating and issued a $35.00 target price on shares of Viacom, Inc. Class B in a research report on Wednesday, June 27th. Finally, Imperial Capital began coverage on Viacom, Inc. Class B in a research report on Thursday, June 28th. They issued an “underperform” rating and a $26.00 target price for the company. Five analysts have rated the stock with a sell rating, nineteen have issued a hold rating and six have given a buy rating to the company’s stock. Viacom, Inc. Class B currently has a consensus rating of “Hold” and a consensus target price of $34.13.

About Viacom, Inc. Class B

Viacom, Inc operates media brands that create entertainment content worldwide. The company creates television programs, motion pictures, short-form content, games, consumer products, podcasts, live events, and social media experiences. It operates through two segments, Media Networks and Filmed Entertainment.

Recommended Story: Average Daily Trade Volume Explained

Want to see what other hedge funds are holding VIAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viacom, Inc. Class B (NASDAQ:VIAB).

Institutional Ownership by Quarter for Viacom, Inc. Class B (NASDAQ:VIAB)

Receive News & Ratings for Viacom Inc. Class B Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom Inc. Class B and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply