Symons Capital Management Inc. decreased its holdings in shares of Viacom, Inc. (NASDAQ:VIAB) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 191,216 shares of the company’s stock after selling 9,980 shares during the period. Viacom makes up 2.1% of Symons Capital Management Inc.’s portfolio, making the stock its 27th biggest holding. Symons Capital Management Inc.’s holdings in Viacom were worth $4,594,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Trust Co. of Vermont grew its position in shares of Viacom by 514.7% in the 2nd quarter. Trust Co. of Vermont now owns 836 shares of the company’s stock valued at $25,000 after purchasing an additional 700 shares during the period. Wealthcare Advisory Partners LLC raised its stake in shares of Viacom by 1,788.6% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 1,322 shares of the company’s stock worth $39,000 after purchasing an additional 1,252 shares in the last quarter. Griffin Asset Management Inc. bought a new stake in shares of Viacom during the 2nd quarter worth approximately $39,000. Financial Gravity Wealth Inc. raised its stake in shares of Viacom by 227.6% during the 3rd quarter. Financial Gravity Wealth Inc. now owns 1,651 shares of the company’s stock worth $40,000 after purchasing an additional 1,147 shares in the last quarter. Finally, CSat Investment Advisory L.P. raised its stake in shares of Viacom by 55.7% during the 2nd quarter. CSat Investment Advisory L.P. now owns 1,529 shares of the company’s stock worth $45,000 after purchasing an additional 547 shares in the last quarter. Institutional investors own 75.89% of the company’s stock.
VIAB has been the topic of a number of analyst reports. BidaskClub upgraded Viacom from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 5th. TheStreet cut Viacom from a “b-” rating to a “c+” rating in a research note on Tuesday, August 27th. Deutsche Bank upgraded Viacom from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. Barclays dropped their price objective on Viacom from $33.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Monday, October 21st. Finally, Moffett Nathanson set a $31.00 price objective on Viacom and gave the stock a “hold” rating in a research note on Saturday, October 19th. 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 company’s stock. Viacom has a consensus rating of “Hold” and an average target price of $31.13.
VIAB traded up $0.18 during trading hours on Friday, reaching $22.75. The company’s stock had a trading volume of 3,392,500 shares, compared to its average volume of 4,743,703. The company’s 50-day moving average is $22.83 and its 200-day moving average is $27.24. The firm 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 company has a debt-to-equity ratio of 1.02, a quick ratio of 1.15 and a current ratio of 1.36. Viacom, Inc. has a 52 week low of $20.93 and a 52 week high of $33.35.
Viacom (NASDAQ:VIAB) last posted its earnings results on Thursday, August 8th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.06 by $0.14. The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.33 billion. Viacom had a return on equity of 21.71% and a net margin of 12.68%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the company earned $1.18 earnings per share. Equities analysts anticipate that Viacom, Inc. will post 4.02 earnings per share for the current fiscal year.
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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