SeaCrest Wealth Management LLC purchased a new position in shares of Viacom, Inc. (NASDAQ:VIAB) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,305 shares of the company’s stock, valued at approximately $225,000.
A number of other large investors have also modified their holdings of VIAB. Capital International Investors lifted its position in Viacom by 19.3% during the 3rd quarter. Capital International Investors now owns 8,761,721 shares of the company’s stock worth $243,926,000 after buying an additional 1,418,000 shares in the last quarter. Oldfield Partners LLP lifted its position in Viacom by 25.6% during the 4th quarter. Oldfield Partners LLP now owns 6,722,920 shares of the company’s stock worth $207,134,000 after buying an additional 1,368,700 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its position in Viacom by 159.5% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,709,563 shares of the company’s stock worth $47,594,000 after buying an additional 1,050,654 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its position in Viacom by 83.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 2,200,000 shares of the company’s stock worth $61,248,000 after buying an additional 1,000,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Viacom by 30.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,816,999 shares of the company’s stock worth $106,266,000 after buying an additional 894,243 shares in the last quarter. 78.74% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Viacom, Inc. (VIAB) opened at $32.87 on Monday. Viacom, Inc. has a twelve month low of $22.13 and a twelve month high of $46.72. The company has a current ratio of 1.41, a quick ratio of 1.30 and a debt-to-equity ratio of 1.52. The firm has a market cap of $13,520.00, a P/E ratio of 6.57, a PEG ratio of 1.14 and a beta of 1.54.
Viacom (NASDAQ:VIAB) last issued its quarterly earnings results on Thursday, February 8th. The company reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.09. Viacom had a net margin of 15.49% and a return on equity of 26.28%. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the prior year, the firm posted $1.04 EPS. The firm’s quarterly revenue was down 7.6% on a year-over-year basis. research analysts forecast that Viacom, Inc. will post 3.85 earnings per share for the current year.
Several equities research analysts have commented on the stock. B. Riley reissued a “neutral” rating on shares of Viacom in a research report on Wednesday, November 1st. BidaskClub lowered shares of Viacom from a “hold” rating to a “sell” rating in a research note on Monday, February 5th. Guggenheim restated a “hold” rating and set a $35.00 price objective on shares of Viacom in a research note on Friday. Piper Jaffray Companies restated a “hold” rating and set a $36.00 price objective on shares of Viacom in a research note on Friday. Finally, ValuEngine upgraded shares of Viacom from a “hold” rating to a “buy” rating in a research note on Friday. Seven analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $34.77.
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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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