Viacom Inc (VIA) Position Boosted by Geode Capital Management LLC

Viacom Inc (VIA) Position Boosted by Geode Capital Management LLC

Magna International Inc. (NYSE:MGA) has risen 26.62% since April 26, 2017 and is uptrending.

Media company Viacom Inc said on Wednesday its quarterly profit more than doubled, driven by higher fees from global cable and satellite operators and strong growth in its Paramount Pictures division. Viacom had a return on equity of 26.28% and a net margin of 15.49%.

Media networks revenues increased 1% to $2.43 billion in the quarter, as strong worldwide growth more than offset modest declines in domestic revenues. During the same quarter previous year, the business posted $0.76 earnings per share.

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 3rd. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.17%. Viacom's dividend payout ratio (DPR) is 21.22%. In Monday, November 20 report Deutsche Bank upgraded it to "Hold" rating and $25.0 target. Compared to peers in the Entertainment - Diversified industry and Services sector, we can see that Viacom Inc Cl A performed better than 31% of their peers over the past month, better than 83% over the past two weeks, 52% over the past quarter and better than 23% over the past year. On Friday, February 9 RBC Capital Markets upgraded the shares of VIAB in report to "Hold" rating. On Thursday, November 16 the firm earned "Buy" rating by Jefferies. They noted that the move was a valuation call. They set a "neutral" rating and a $45.00 target price for the company.


A total of 19 analysts rate Viacom Inc (NASDAQ:VIAB) as follows: 5 "Buy", 14 "Hold" and 0 "Sell". About 4.90 million shares traded or 35.76% up from the average.

Hedge funds have recently modified their holdings of the company. LPL Financial LLC now owns 15,202 shares of the company's stock worth $531,000 after purchasing an additional 3,708 shares during the last quarter. Two Sigma Advisers LP increased its stake in Viacom by 8,818.6% during the fourth quarter. Comerica Bank now owns 104,863 shares of the company's stock valued at $4,058,000 after buying an additional 496 shares during the period. Oldfield Partners LLP increased its stake in Viacom by 25.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 18,852 shares of the company's stock worth $658,000 after purchasing an additional 3,371 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Viacom by 7.3% in the fourth quarter. (NASDAQ:VIAB) traded down 0.64% during midday trading on Thursday, hitting $34.35.

Viacom and CBS, both owned by Sumner and Shari Redstone's family company, National Amusements, set up special committees to explore a merger in February, but the two companies have been going back and forth on price and management of a combined company, sources have told Reuters.

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