Amalgamated Bank increased its holdings in shares of Viacom, Inc. (NASDAQ:VIAB) by 9.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,275 shares of the company’s stock after acquiring an additional 3,907 shares during the period. Amalgamated Bank’s holdings in Viacom were worth $1,364,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Lehman Financial Resources Inc. purchased a new position in Viacom in the 4th quarter valued at about $207,000. Hourglass Capital LLC purchased a new position in Viacom in the 4th quarter valued at about $220,000. SeaCrest Wealth Management LLC purchased a new position in Viacom in the 4th quarter valued at about $225,000. Mackenzie Financial Corp purchased a new position in Viacom in the 4th quarter valued at about $227,000. Finally, Lourd Capital LLC purchased a new position in Viacom in the 4th quarter valued at about $252,000. Hedge funds and other institutional investors own 80.36% of the company’s stock.
Shares of Viacom, Inc. (NASDAQ VIAB) opened at $32.72 on Monday. The stock has a market cap of $13,450.00, a P/E ratio of 6.90, a PEG ratio of 0.95 and a beta of 1.46. The company has a current ratio of 1.41, a quick ratio of 1.14 and a debt-to-equity ratio of 1.52. Viacom, Inc. has a 1-year low of $22.13 and a 1-year high of $46.72.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.44%. Viacom’s dividend payout ratio is currently 16.88%.
A number of research firms have weighed in on VIAB. Telsey Advisory Group reissued a “market perform” rating and issued a $33.00 target price (down from $42.00) on shares of Viacom in a research note on Friday, November 17th. Cowen reissued a “neutral” rating on shares of Viacom in a research note on Friday, November 17th. Royal Bank of Canada set a $23.00 target price on shares of Viacom and gave the stock a “sell” rating in a research note on Friday, November 17th. Pivotal Research reissued a “hold” rating and issued a $25.00 target price on shares of Viacom in a research note on Thursday, November 16th. Finally, Bank of America decreased their target price on shares of Viacom from $44.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, November 17th. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $35.36.
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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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