O Shaughnessy Asset Management LLC raised its stake in shares of Viacom, Inc. (NASDAQ:VIAB) by 28.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 442,059 shares of the company’s stock after purchasing an additional 98,249 shares during the period. O Shaughnessy Asset Management LLC owned 0.11% of Viacom worth $14,924,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in VIAB. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in Viacom by 36,808.3% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,429 shares of the company’s stock valued at $134,000 after purchasing an additional 4,417 shares during the period. Commerce Bank bought a new stake in Viacom during the third quarter valued at about $210,000. WINTON GROUP Ltd bought a new stake in Viacom during the third quarter valued at about $212,000. Northstar Group Inc. bought a new stake in Viacom during the third quarter valued at about $220,000. Finally, Tocqueville Asset Management L.P. bought a new stake in Viacom during the second quarter valued at about $227,000. 78.97% of the stock is owned by institutional investors and hedge funds.
Several research firms have issued reports on VIAB. UBS Group lowered Viacom from a “buy” rating to a “neutral” rating and set a $34.00 price target for the company. in a report on Monday, November 5th. ValuEngine lowered Viacom from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. BidaskClub lowered Viacom from a “buy” rating to a “hold” rating in a report on Saturday, October 27th. Zacks Investment Research lowered Viacom from a “buy” rating to a “hold” rating in a research note on Monday, October 15th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $34.00 price objective on shares of Viacom in a research note on Monday, October 15th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $34.50.
NASDAQ VIAB opened at $32.10 on Friday. The stock has a market capitalization of $13.03 billion, a PE ratio of 8.29, a price-to-earnings-growth ratio of 1.12 and a beta of 1.40. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.69 and a quick ratio of 1.41. Viacom, Inc. has a twelve month low of $22.13 and a twelve month high of $35.55.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Thursday, August 9th. The company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.11. Viacom had a return on equity of 23.53% and a net margin of 15.65%. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.27 billion. During the same period in the prior year, the company earned $1.17 earnings per share. The firm’s revenue was down 3.8% on a year-over-year basis. Equities research analysts predict that Viacom, Inc. will post 4.1 earnings per share for the current fiscal year.
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Viacom, Inc operates media brands that create entertainment content worldwide. The company creates television programs, motion pictures, short-form content, games, consumer products, podcasts, live events, and social media experiences. It operates through two segments, Media Networks and Filmed Entertainment.
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