Commerce Bank acquired a new position in shares of Viacom, Inc. (NASDAQ:VIAB) in the third quarter, HoldingsChannel.com reports. The fund acquired 6,232 shares of the company’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in shares of Viacom by 36,808.3% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,429 shares of the company’s stock valued at $134,000 after buying an additional 4,417 shares during the period. Northstar Group Inc. acquired a new stake in shares of Viacom in the 3rd quarter valued at approximately $220,000. Raymond James Trust N.A. acquired a new stake in shares of Viacom in the 3rd quarter valued at approximately $234,000. Tocqueville Asset Management L.P. acquired a new stake in shares of Viacom in the 2nd quarter valued at approximately $227,000. Finally, Lourd Capital LLC acquired a new stake in shares of Viacom in the 3rd quarter valued at approximately $257,000. 79.37% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently commented on VIAB shares. ValuEngine cut Viacom from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. BidaskClub cut Viacom from a “sell” rating to a “strong sell” rating in a report on Friday, July 20th. B. Riley raised Viacom from a “neutral” rating to a “buy” rating and raised their price target for the company from $34.00 to $39.00 in a report on Wednesday, September 26th. Morgan Stanley reissued an “equal weight” rating and issued a $34.00 price target on shares of Viacom in a report on Monday, October 15th. Finally, Macquarie raised Viacom from a “neutral” rating to an “outperform” rating and raised their price target for the company from $34.00 to $37.00 in a report on Thursday, September 20th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $34.50.

Shares of VIAB stock opened at $32.05 on Wednesday. The firm has a market cap of $12.93 billion, a P/E ratio of 8.50, a PEG ratio of 1.11 and a beta of 1.40. Viacom, Inc. has a 1 year low of $22.13 and a 1 year high of $35.55. The company has a quick ratio of 1.41, a current ratio of 1.69 and a debt-to-equity ratio of 1.42.

COPYRIGHT VIOLATION NOTICE: This story was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://www.thecerbatgem.com/2018/11/14/commerce-bank-invests-210000-in-viacom-inc-viab-stock.html.

About Viacom

Viacom, Inc operates media brands that create entertainment content worldwide. The company creates television programs, motion pictures, short-form content, games, consumer products, podcasts, live events, and social media experiences. It operates through two segments, Media Networks and Filmed Entertainment.

Read More: Investing in Growth Stocks

Want to see what other hedge funds are holding VIAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viacom, Inc. (NASDAQ:VIAB).

Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

Receive News & Ratings for Viacom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom and related companies with MarketBeat.com's FREE daily email newsletter.