Thompson Investment Management Inc. lifted its holdings in shares of Viacom, Inc. (NASDAQ:VIAB) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,852 shares of the company’s stock after buying an additional 2,102 shares during the quarter. Thompson Investment Management Inc.’s holdings in Viacom were worth $3,048,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in VIAB. Trust Co. of Vermont raised its stake in shares of Viacom by 514.7% during the 2nd quarter. Trust Co. of Vermont now owns 836 shares of the company’s stock worth $25,000 after buying an additional 700 shares during the period. Wealthcare Advisory Partners LLC raised its stake in Viacom by 1,788.6% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 1,322 shares of the company’s stock valued at $39,000 after purchasing an additional 1,252 shares during the last quarter. Griffin Asset Management Inc. acquired a new position in Viacom in the 2nd quarter valued at $39,000. Financial Gravity Wealth Inc. raised its stake in Viacom by 227.6% in the 3rd quarter. Financial Gravity Wealth Inc. now owns 1,651 shares of the company’s stock valued at $40,000 after purchasing an additional 1,147 shares during the last quarter. Finally, CSat Investment Advisory L.P. raised its stake in Viacom by 55.7% in the 2nd quarter. CSat Investment Advisory L.P. now owns 1,529 shares of the company’s stock valued at $45,000 after purchasing an additional 547 shares during the last quarter. 75.89% of the stock is owned by institutional investors and hedge funds.
Several research firms recently commented on VIAB. Moffett Nathanson set a $31.00 price objective on Viacom and gave the company a “hold” rating in a research note on Saturday, October 19th. Guggenheim reissued a “buy” rating on shares of Viacom in a research note on Wednesday, September 4th. TheStreet downgraded Viacom from a “b-” rating to a “c+” rating in a research note on Tuesday, August 27th. Barclays reduced their price objective on Viacom from $33.00 to $24.00 and set an “equal weight” rating for the company in a research note on Monday, October 21st. Finally, Sanford C. Bernstein reduced their price objective on Viacom from $27.00 to $21.00 and set an “underperform” rating for the company in a research note on Tuesday, September 3rd. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. Viacom presently has an average rating of “Hold” and a consensus target price of $31.13.
Shares of VIAB traded up $0.18 during midday trading on Friday, reaching $22.75. The company had a trading volume of 3,392,500 shares, compared to its average volume of 4,743,703. Viacom, Inc. has a 1-year low of $20.93 and a 1-year high of $33.35. The stock has a market cap of $9.03 billion, a PE ratio of 5.52, a price-to-earnings-growth ratio of 0.75 and a beta of 1.35. The firm has a 50 day simple moving average of $22.89 and a 200-day simple moving average of $27.28. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.02.
Viacom (NASDAQ:VIAB) last issued its earnings results on Thursday, August 8th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. Viacom had a return on equity of 21.71% and a net margin of 12.68%. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same period last year, the company earned $1.18 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Viacom, Inc. will post 4.02 earnings per share for the current fiscal year.
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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