First Manhattan Co. lowered its position in shares of Viacom, Inc. (NASDAQ:VIAB) by 51.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 784,124 shares of the company’s stock after selling 845,208 shares during the period. First Manhattan Co. owned 0.19% of Viacom worth $24,158,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in VIAB. Capital Guardian Trust Co. boosted its holdings in shares of Viacom by 2.7% during the 2nd quarter. Capital Guardian Trust Co. now owns 6,460 shares of the company’s stock valued at $217,000 after acquiring an additional 168 shares in the last quarter. Marathon Trading Investment Management LLC acquired a new stake in shares of Viacom during the 3rd quarter valued at $237,000. IFM Investors Pty Ltd acquired a new stake in shares of Viacom during the 3rd quarter valued at $269,000. Exane Derivatives boosted its holdings in shares of Viacom by 293.2% during the 3rd quarter. Exane Derivatives now owns 9,707 shares of the company’s stock valued at $270,000 after acquiring an additional 7,238 shares in the last quarter. Finally, Institute for Wealth Management LLC. acquired a new stake in shares of Viacom during the 2nd quarter valued at $289,000. Institutional investors own 78.69% of the company’s stock.
Several equities research analysts recently weighed in on the company. Wells Fargo & Co reissued a “hold” rating on shares of Viacom in a report on Monday, January 29th. BidaskClub raised Viacom from a “sell” rating to a “hold” rating in a report on Saturday, January 13th. Rosenblatt Securities downgraded Viacom from a “neutral” rating to a “sell” rating in a report on Tuesday, January 16th. Barclays set a $33.00 price objective on Viacom and gave the company a “hold” rating in a research note on Tuesday, January 23rd. Finally, Zacks Investment Research downgraded Viacom from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the stock. Viacom presently has a consensus rating of “Hold” and an average price target of $35.31.
Viacom, Inc. (NASDAQ:VIAB) traded up $0.83 during trading on Wednesday, reaching $33.93. The company had a trading volume of 4,730,349 shares, compared to its average volume of 5,840,000. Viacom, Inc. has a fifty-two week low of $22.13 and a fifty-two week high of $46.72. The company has a current ratio of 1.41, a quick ratio of 1.14 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $13,950.00, a P/E ratio of 6.79, a price-to-earnings-growth ratio of 1.18 and a beta of 1.54.
Viacom (NASDAQ:VIAB) last posted its earnings results on Thursday, February 8th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.09. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.14 billion. Viacom had a return on equity of 26.28% and a net margin of 15.49%. The business’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.04 earnings per share. equities analysts anticipate that Viacom, Inc. will post 3.98 earnings per share for the current year.
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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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