Moors & Cabot Inc. boosted its position in shares of Viacom Inc. (NASDAQ:VIAB) by 0.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,990 shares of the company’s stock after purchasing an additional 149 shares during the period. Moors & Cabot Inc.’s holdings in Viacom were worth $703,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. First Mercantile Trust Co. grew its holdings in Viacom by 1.6% during the 2nd quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock valued at $115,000 after purchasing an additional 54 shares during the last quarter. Wall Street Access Asset Management LLC grew its holdings in Viacom by 1.1% during the 2nd quarter. Wall Street Access Asset Management LLC now owns 6,315 shares of the company’s stock valued at $212,000 after purchasing an additional 70 shares during the last quarter. Cleararc Capital Inc. grew its holdings in Viacom by 0.9% during the 1st quarter. Cleararc Capital Inc. now owns 8,495 shares of the company’s stock valued at $396,000 after purchasing an additional 72 shares during the last quarter. Boston Private Wealth LLC grew its holdings in Viacom by 1.8% during the 2nd quarter. Boston Private Wealth LLC now owns 6,093 shares of the company’s stock valued at $205,000 after purchasing an additional 108 shares during the last quarter. Finally, Capital Guardian Trust Co. grew its holdings in Viacom by 2.7% during the 2nd quarter. Capital Guardian Trust Co. now owns 6,460 shares of the company’s stock valued at $217,000 after purchasing an additional 168 shares during the last quarter. Institutional investors own 79.18% of the company’s stock.

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Several equities analysts recently commented on VIAB shares. 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. BidaskClub upgraded shares of Viacom from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Sanford C. Bernstein reiterated an “underperform” rating and set a $29.00 price target on shares of Viacom in a report on Friday, June 16th. Morgan Stanley reiterated an “overweight” rating on shares of Viacom in a report on Thursday, July 6th. Finally, Cowen and Company reiterated a “hold” rating and set a $41.00 price target on shares of Viacom in a report on Tuesday, July 11th. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the stock. Viacom presently has an average rating of “Hold” and a consensus target price of $41.17.

Viacom Inc. (VIAB) traded down 5.23% during midday trading on Monday, reaching $25.73. 3,778,487 shares of the company were exchanged. The firm has a 50-day moving average price of $27.94 and a 200-day moving average price of $34.83. The company has a market capitalization of $10.35 billion, a PE ratio of 7.08 and a beta of 1.57. Viacom Inc. has a 52 week low of $25.37 and a 52 week high of $46.72.

Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.12. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.29 billion. Viacom had a net margin of 11.04% and a return on equity of 30.89%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 EPS. Equities research analysts anticipate that Viacom Inc. will post $3.86 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.80 annualized dividend and a dividend yield of 3.12%. Viacom’s dividend payout ratio is presently 21.98%.

Viacom Profile

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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Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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