Ossiam Makes New $89,000 Investment in Viacom, Inc. (NASDAQ:VIA)

Ossiam purchased a new position in shares of Viacom, Inc. (NASDAQ:VIA) during the second quarter, Holdings Channel reports. The fund purchased 2,611 shares of the company’s stock, valued at approximately $89,000.

A number of other large investors have also recently added to or reduced their stakes in the business. YorkBridge Wealth Partners LLC lifted its stake in Viacom by 23.4% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,110 shares of the company’s stock worth $72,000 after purchasing an additional 400 shares in the last quarter. Brown Advisory Inc. lifted its stake in Viacom by 6.6% during the second quarter. Brown Advisory Inc. now owns 7,995 shares of the company’s stock worth $272,000 after purchasing an additional 495 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Viacom by 43.2% during the second quarter. JPMorgan Chase & Co. now owns 2,182 shares of the company’s stock worth $74,000 after purchasing an additional 658 shares in the last quarter. GHP Investment Advisors Inc. lifted its stake in Viacom by 27.5% during the second quarter. GHP Investment Advisors Inc. now owns 9,256 shares of the company’s stock worth $316,000 after purchasing an additional 1,995 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System acquired a new position in Viacom during the first quarter worth $231,000. Institutional investors own 1.95% of the company’s stock.

VIA has been the topic of a number of research reports. Guggenheim upgraded Viacom from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 14th. TheStreet cut Viacom from a “b-” rating to a “c+” rating in a research note on Thursday, August 22nd. Finally, BidaskClub cut Viacom from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $34.00.

Shares of NASDAQ VIA traded up $0.02 during mid-day trading on Friday, hitting $28.33. The company had a trading volume of 7,947 shares, compared to its average volume of 73,201. The company has a market capitalization of $11.29 billion, a PE ratio of 6.57 and a beta of 1.34. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.36 and a quick ratio of 1.15. Viacom, Inc. has a 1-year low of $26.30 and a 1-year high of $38.00. The business’s 50-day simple moving average is $30.46 and its 200 day simple moving average is $33.50.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Friday, September 13th.

About Viacom

Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.

Further Reading: What does a neutral rating on stocks mean?

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Institutional Ownership by Quarter for Viacom (NASDAQ:VIA)

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