Chevy Chase Trust Holdings Inc. cut its position in shares of Viacom Inc. (NASDAQ:VIAB) by 2.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 291,687 shares of the company’s stock after selling 7,570 shares during the period. Chevy Chase Trust Holdings Inc. owned about 0.07% of Viacom worth $11,114,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in VIAB. Capital Research Global Investors boosted its stake in shares of Viacom by 2.7% in the second quarter. Capital Research Global Investors now owns 42,454,768 shares of the company’s stock worth $1,760,599,000 after buying an additional 1,118,815 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Viacom by 4.9% in the second quarter. Vanguard Group Inc. now owns 21,469,806 shares of the company’s stock worth $890,352,000 after buying an additional 1,007,008 shares in the last quarter. Capital World Investors boosted its stake in shares of Viacom by 19.3% in the second quarter. Capital World Investors now owns 16,729,443 shares of the company’s stock worth $693,770,000 after buying an additional 2,710,443 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Viacom by 3.2% in the second quarter. Bank of New York Mellon Corp now owns 8,414,859 shares of the company’s stock worth $348,963,000 after buying an additional 261,769 shares in the last quarter. Finally, American International Group Inc. boosted its stake in shares of Viacom by 5.0% in the second quarter. American International Group Inc. now owns 7,754,806 shares of the company’s stock worth $321,592,000 after buying an additional 368,092 shares in the last quarter. Institutional investors and hedge funds own 75.62% of the company’s stock.

Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

Shares of Viacom Inc. (NASDAQ:VIAB) traded up 1.05% on Friday, reaching $37.64. The company’s stock had a trading volume of 1,324,504 shares. Viacom Inc. has a 12-month low of $30.11 and a 12-month high of $51.36. The stock has a market cap of $14.94 billion, a PE ratio of 10.41 and a beta of 1.32. The firm has a 50 day moving average price of $37.15 and a 200-day moving average price of $40.43.

Viacom (NASDAQ:VIAB) last issued its earnings results on Wednesday, November 9th. The company reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.04. Viacom had a return on equity of 36.21% and a net margin of 11.52%. The business earned $3.23 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same period in the prior year, the business earned $1.54 EPS. The business’s revenue for the quarter was down 14.8% compared to the same quarter last year. Equities research analysts expect that Viacom Inc. will post $3.80 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 15th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Tuesday, December 13th. Viacom’s dividend payout ratio is 22.10%.

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Several equities research analysts have recently weighed in on the company. Wells Fargo & Co. upgraded Viacom from an “underperform” rating to a “market perform” rating in a research report on Thursday, October 13th. Jefferies Group reiterated a “buy” rating and set a $49.00 price target on shares of Viacom in a research report on Tuesday, September 20th. Pivotal Research lowered Viacom from a “buy” rating to a “hold” rating and cut their price objective for the stock from $52.00 to $47.00 in a report on Thursday, August 4th. FBR & Co reissued an “outperform” rating and set a $57.00 price objective on shares of Viacom in a report on Tuesday, August 23rd. Finally, BMO Capital Markets reissued a “market perform” rating and set a $40.00 price objective on shares of Viacom in a report on Tuesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $43.18.

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.

5 Day Chart for NASDAQ:VIAB

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