Janney Montgomery Scott LLC grew its position in Viacom, Inc. (NASDAQ:VIAB) by 6.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 45,448 shares of the company’s stock after purchasing an additional 2,945 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Viacom were worth $1,276,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Securian Asset Management Inc lifted its stake in shares of Viacom by 1.1% during the 1st quarter. Securian Asset Management Inc now owns 36,056 shares of the company’s stock worth $1,012,000 after purchasing an additional 395 shares during the last quarter. Valley National Advisers Inc. raised its stake in Viacom by 66.4% in the fourth quarter. Valley National Advisers Inc. now owns 1,118 shares of the company’s stock valued at $29,000 after buying an additional 446 shares during the last quarter. Atlas Brown Inc. raised its stake in Viacom by 2.6% in the fourth quarter. Atlas Brown Inc. now owns 19,589 shares of the company’s stock valued at $503,000 after buying an additional 500 shares during the last quarter. LS Investment Advisors LLC raised its stake in Viacom by 2.6% in the first quarter. LS Investment Advisors LLC now owns 20,767 shares of the company’s stock valued at $583,000 after buying an additional 517 shares during the last quarter. Finally, Scotia Capital Inc. raised its stake in Viacom by 0.6% in the fourth quarter. Scotia Capital Inc. now owns 94,214 shares of the company’s stock valued at $2,421,000 after buying an additional 584 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.
Shares of VIAB stock opened at $28.54 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.07 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $11.39 billion, a PE ratio of 6.93, a PEG ratio of 0.90 and a beta of 1.45. Viacom, Inc. has a fifty-two week low of $23.31 and a fifty-two week high of $34.44.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings data on Friday, May 10th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.15. The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.06 billion. Viacom had a return on equity of 22.60% and a net margin of 12.63%. The company’s revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.92 earnings per share. Research analysts anticipate that Viacom, Inc. will post 4.08 EPS for the current year.
VIAB has been the subject of a number of research analyst reports. BidaskClub upgraded Viacom from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 6th. Zacks Investment Research cut Viacom from a “hold” rating to a “sell” rating in a research note on Saturday, January 26th. ValuEngine upgraded Viacom from a “sell” rating to a “hold” rating in a research note on Thursday, February 7th. Societe Generale cut Viacom from a “buy” rating to a “hold” rating in a research note on Thursday, January 24th. Finally, Loop Capital upgraded Viacom from a “hold” rating to a “buy” rating and increased their price target for the company from $33.00 to $35.00 in a research note on Friday, March 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. Viacom has an average rating of “Hold” and an average target price of $34.47.
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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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