Viacom, Inc. (NASDAQ:VIA) Position Boosted by Mackay Shields LLC

Mackay Shields LLC increased its holdings in shares of Viacom, Inc. (NASDAQ:VIA) by 761.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,430 shares of the company’s stock after buying an additional 60,484 shares during the quarter. Mackay Shields LLC’s holdings in Viacom were worth $1,903,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Viacom by 10,164.8% in the 3rd quarter. Vanguard Group Inc. now owns 38,421,882 shares of the company’s stock valued at $1,298,196,000 after acquiring an additional 38,047,575 shares in the last quarter. Gabelli Funds LLC grew its holdings in shares of Viacom by 2.5% in the 4th quarter. Gabelli Funds LLC now owns 1,879,815 shares of the company’s stock valued at $52,278,000 after acquiring an additional 46,516 shares in the last quarter. Vanguard Group Inc grew its holdings in Viacom by 2.7% during the third quarter. Vanguard Group Inc now owns 384,376 shares of the company’s stock worth $14,049,000 after purchasing an additional 10,069 shares during the period. BlackRock Inc. grew its holdings in Viacom by 42.1% during the fourth quarter. BlackRock Inc. now owns 299,537 shares of the company’s stock worth $8,331,000 after purchasing an additional 88,801 shares during the period. Finally, Morgan Stanley grew its holdings in Viacom by 9.6% during the third quarter. Morgan Stanley now owns 115,482 shares of the company’s stock worth $4,220,000 after purchasing an additional 10,106 shares during the period. 1.94% of the stock is currently owned by institutional investors and hedge funds.

VIA stock traded up $0.84 during mid-day trading on Monday, hitting $36.88. 31,305 shares of the company were exchanged, compared to its average volume of 47,986. The company has a quick ratio of 1.10, a current ratio of 1.31 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $14.53 billion, a PE ratio of 8.42 and a beta of 1.40. Viacom, Inc. has a 1-year low of $27.01 and a 1-year high of $38.35.

Viacom (NASDAQ:VIA) last issued its quarterly earnings data on Tuesday, February 5th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.10. Viacom had a net margin of 11.60% and a return on equity of 23.34%. The firm had revenue of $3.09 billion during the quarter.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.17%.

A number of research firms recently commented on VIA. Imperial Capital upgraded Viacom from an “in-line” rating to an “outperform” rating in a report on Monday, January 14th. TheStreet cut Viacom from a “b-” rating to a “c+” rating in a report on Wednesday, December 19th.

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Viacom Company Profile

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.

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Institutional Ownership by Quarter for Viacom (NASDAQ:VIA)

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