State of New Jersey Common Pension Fund D Acquires 1,720,000 Shares of Viacom, Inc. Class B (VIAB)

State of New Jersey Common Pension Fund D increased its holdings in shares of Viacom, Inc. Class B (NASDAQ:VIAB) by 156.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,820,000 shares of the company’s stock after acquiring an additional 1,720,000 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.70% of Viacom, Inc. Class B worth $85,051,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Korea Investment CORP boosted its stake in shares of Viacom, Inc. Class B by 29.3% in the 1st quarter. Korea Investment CORP now owns 205,295 shares of the company’s stock valued at $6,376,000 after purchasing an additional 46,471 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Viacom, Inc. Class B in the 1st quarter valued at approximately $1,786,000. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Viacom, Inc. Class B by 21.8% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 81,006 shares of the company’s stock valued at $2,516,000 after purchasing an additional 14,525 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Viacom, Inc. Class B by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 540,517 shares of the company’s stock valued at $16,788,000 after purchasing an additional 5,940 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Viacom, Inc. Class B by 51.9% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 239,097 shares of the company’s stock valued at $7,438,000 after purchasing an additional 81,737 shares in the last quarter. 78.00% of the stock is currently owned by hedge funds and other institutional investors.

VIAB has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Viacom, Inc. Class B from a “sell” rating to a “strong sell” rating in a research note on Friday, July 20th. ValuEngine upgraded shares of Viacom, Inc. Class B from a “strong sell” rating to a “sell” rating in a research note on Friday, May 11th. Cfra restated a “hold” rating and issued a $35.00 price target on shares of Viacom, Inc. Class B in a research note on Wednesday, June 27th. Imperial Capital began coverage on shares of Viacom, Inc. Class B in a research report on Thursday, June 28th. They set an “underperform” rating and a $26.00 target price on the stock. Finally, Credit Suisse Group began coverage on shares of Viacom, Inc. Class B in a research report on Tuesday, July 10th. They set a “neutral” rating and a $33.00 target price on the stock. Five analysts have rated the stock with a sell rating, nineteen have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $34.13.

VIAB stock traded down $0.57 during midday trading on Monday, reaching $28.78. 4,014,815 shares of the company’s stock traded hands, compared to its average volume of 3,687,622. The firm has a market capitalization of $11.82 billion, a PE ratio of 7.63, a price-to-earnings-growth ratio of 0.87 and a beta of 1.44. The company has a current ratio of 1.53, a quick ratio of 1.24 and a debt-to-equity ratio of 1.47. Viacom, Inc. Class B has a 52 week low of $22.13 and a 52 week high of $35.76.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, July 2nd. Shareholders of record on Friday, June 15th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is presently 21.22%.

Viacom, Inc. Class B Profile

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.

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

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