Norinchukin Bank The Has $821,000 Stake in Viacom Inc. (VIAB)
Norinchukin Bank The lifted its stake in shares of Viacom Inc. (NASDAQ:VIAB) by 8.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,447 shares of the company’s stock after acquiring an additional 1,868 shares during the period. Norinchukin Bank The’s holdings in Viacom were worth $821,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp raised its holdings in shares of Viacom by 9.4% during the 1st quarter. Fifth Third Bancorp now owns 2,616 shares of the company’s stock worth $122,000 after acquiring an additional 225 shares during the period. Johnson Financial Group Inc. purchased a new position in shares of Viacom during the 2nd quarter worth $108,000. First Personal Financial Services raised its holdings in shares of Viacom by 5.9% during the 2nd quarter. First Personal Financial Services now owns 3,268 shares of the company’s stock worth $110,000 after acquiring an additional 182 shares during the period. First Mercantile Trust Co. raised its holdings in shares of Viacom by 1.6% during the 2nd quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock worth $115,000 after acquiring an additional 54 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Viacom by 13.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,686 shares of the company’s stock worth $124,000 after acquiring an additional 423 shares during the period. Institutional investors and hedge funds own 79.18% of the company’s stock.
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VIAB has been the topic of several analyst reports. Zacks Investment Research upgraded Viacom from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Thursday, July 13th. J P Morgan Chase & Co reiterated an “overweight” rating and set a $48.00 price target on shares of Viacom in a report on Monday, June 12th. Barclays PLC set a $37.00 price target on Viacom and gave the stock an “equal weight” rating in a report on Friday, August 4th. Wells Fargo & Company lowered Viacom from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 5th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $43.00 price target (down previously from $52.00) on shares of Viacom in a report on Wednesday, August 9th. Six equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $42.04.
Viacom Inc. (NASDAQ VIAB) opened at 27.32 on Tuesday. The stock’s 50 day moving average price is $29.50 and its 200-day moving average price is $36.31. Viacom Inc. has a 12 month low of $26.65 and a 12 month high of $46.72. The firm has a market capitalization of $10.99 billion, a P/E ratio of 7.52 and a beta of 1.59.
Viacom (NASDAQ:VIAB) last announced its earnings results on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.05 by $0.12. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.29 billion. Viacom had a return on equity of 30.89% and a net margin of 11.04%. The company’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the business posted $1.05 EPS. On average, analysts forecast that Viacom Inc. will post $3.87 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.93%. Viacom’s payout ratio is currently 21.98%.
Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.
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