Berkshire Asset Management lowered its stake in Viacom, Inc. (NASDAQ:VIAB) by 11.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 98,643 shares of the company’s stock after selling 12,911 shares during the period. Berkshire Asset Management’s holdings in Viacom were worth $4,060,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Jennison Associates raised its stake in Viacom by 73.0% in the third quarter. Jennison Associates now owns 1,516,772 shares of the company’s stock worth $65,449,000 after buying an additional 640,223 shares during the period. Centre Asset Management bought a new stake in Viacom during the fourth quarter worth about $4,570,000. CIBC World Markets raised its stake in Viacom by 49.9% in the fourth quarter. CIBC World Markets now owns 164,949 shares of the company’s stock worth $6,789,000 after buying an additional 54,908 shares during the period. Janus Capital Management raised its stake in Viacom by 62.8% in the third quarter. Janus Capital Management now owns 52,053 shares of the company’s stock worth $2,246,000 after buying an additional 20,073 shares during the period. Finally, Capital Impact Advisors raised its stake in Viacom by 186.0% in the fourth quarter. Capital Impact Advisors now owns 24,449 shares of the company’s stock worth $1,006,000 after buying an additional 15,900 shares during the period.

Viacom, Inc. (NASDAQ:VIAB) opened at 43.21 on Monday. Viacom, Inc. has a one year low of $36.32 and a one year high of $73.52. The stock has a market cap of $17.14 billion and a price-to-earnings ratio of 9.14. The firm’s 50 day moving average price is $41.51 and its 200 day moving average price is $47.15.

Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Thursday, November 12th. The company reported $1.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.55 by $0.01. The business had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the business posted $1.71 EPS. The firm’s revenue was down 5.1% compared to the same quarter last year. Equities analysts forecast that Viacom, Inc. will post $5.77 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 1st. Shareholders of record on Sunday, March 13th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, March 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.70%.

VIAB has been the subject of a number of analyst reports. Zacks Investment Research lowered Viacom from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 29th. Goldman Sachs lowered Viacom from a “buy” rating to a “neutral” rating and dropped their price target for the company from $69.00 to $46.00 in a research report on Monday, October 5th. Wunderlich restated a “buy” rating on shares of Viacom in a research report on Wednesday, September 30th. Topeka Capital Markets upped their price target on Viacom from $43.00 to $45.00 and gave the company a “hold” rating in a research report on Wednesday, October 7th. Finally, RBC Capital restated an “outperform” rating and issued a $60.00 price target (down from $62.00) on shares of Viacom in a research report on Tuesday, October 13th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $60.49.

Viacom Inc. (NASDAQ:VIAB) is an entertainment content company that connects with audiences in over 160 countries and territories and creates compelling television programs, motion pictures, short-form video, applications, games, consumer products, social media and other entertainment content. The Company operates through two segments: Media Networks and Filmed Entertainment. Viacom Media Networks’ program services reached approximately 700 million households in over 160 countries. Viacom Media Networks operates the international extensions of the multimedia brands MTV, VH1, Nickelodeon, Comedy Central and BET, as well as certain program services. The Company’s Filmed Entertainment segment produces, finances, acquires and distributes motion pictures and other entertainment content. under the Paramount Pictures, Paramount Vantage, Paramount Classics, Insurge Pictures, MTV Films and Nickelodeon Movies brands.

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