Sumitomo Mitsui Trust Holdings Inc. increased its position in Viacom Inc. (NASDAQ:VIAB) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 962,657 shares of the company’s stock after buying an additional 4,564 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.24% of Viacom worth $39,921,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in VIAB. Sumitomo Mitsui Asset Management Company LTD increased its stake in Viacom by 1.1% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 26,610 shares of the company’s stock worth $1,103,000 after buying an additional 281 shares during the last quarter. SOL Capital Management CO raised its position in shares of Viacom by 3.1% in the second quarter. SOL Capital Management CO now owns 14,871 shares of the company’s stock valued at $617,000 after buying an additional 450 shares during the period. Concert Wealth Management Inc. raised its position in shares of Viacom by 18.5% in the second quarter. Concert Wealth Management Inc. now owns 15,198 shares of the company’s stock valued at $625,000 after buying an additional 2,376 shares during the period. ING Groep NV raised its position in shares of Viacom by 19.1% in the second quarter. ING Groep NV now owns 31,000 shares of the company’s stock valued at $1,285,000 after buying an additional 4,966 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Viacom by 2.4% in the second quarter. American Century Companies Inc. now owns 2,129,479 shares of the company’s stock valued at $88,309,000 after buying an additional 50,342 shares during the period. Institutional investors own 76.17% of the company’s stock.

Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

Viacom Inc. (NASDAQ:VIAB) traded up 0.14% during midday trading on Tuesday, reaching $36.14. 4,753,268 shares of the company’s stock traded hands. Viacom Inc. has a 52-week low of $30.11 and a 52-week high of $53.35. The company has a market cap of $14.34 billion, a P/E ratio of 6.96 and a beta of 1.33. The stock has a 50-day moving average of $37.42 and a 200 day moving average of $41.00.

Viacom (NASDAQ:VIAB) last released its quarterly earnings results on Thursday, August 4th. The company reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.04. Viacom had a net margin of 15.85% and a return on equity of 46.74%. The business had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the prior year, the company posted $1.47 earnings per share. Viacom’s revenue was up 1.6% compared to the same quarter last year. On average, analysts anticipate that Viacom Inc. will post $3.64 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 22nd were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, September 22nd. This represents a $0.80 annualized dividend and a dividend yield of 2.21%. Viacom’s dividend payout ratio (DPR) is presently 15.41%.

Several research analysts have recently commented on the stock. Wedbush upgraded shares of Viacom from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $40.00 to $46.00 in a research note on Monday. Bank of America Corp. upgraded shares of Viacom from an “underperform” rating to a “buy” rating and increased their price target for the stock from $37.00 to $44.00 in a research note on Thursday, October 13th. Wells Fargo & Co. upgraded shares of Viacom from an “underperform” rating to a “market perform” rating in a research note on Thursday, October 13th. Credit Suisse Group AG restated an “outperform” rating and set a $42.00 price target on shares of Viacom in a research note on Wednesday, October 5th. Finally, Loop Capital restated a “hold” rating and set a $39.00 price target (down previously from $41.00) on shares of Viacom in a research note on Friday, September 30th. Three research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $43.99.

Viacom Company Profile

Viacom Inc (Viacom) is an entertainment content company that connects with audiences in over 160 countries and territories and creates compelling television programs, motion pictures, short-form video, applications, games, consumer products, social media and other entertainment content. The Company operates through two segments: Media Networks and Filmed Entertainment.

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