Thompson Investment Management Inc. Raises Position in Viacom, Inc. (VIAB)
Thompson Investment Management Inc. increased its holdings in Viacom, Inc. (NASDAQ:VIAB) by 2.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 133,623 shares of the company’s stock after buying an additional 3,447 shares during the quarter. Thompson Investment Management Inc.’s holdings in Viacom were worth $3,751,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of VIAB. Vanguard Group Inc grew its stake in shares of Viacom by 1.6% during the 3rd quarter. Vanguard Group Inc now owns 38,037,506 shares of the company’s stock worth $1,284,147,000 after purchasing an additional 585,381 shares during the period. BlackRock Inc. grew its stake in shares of Viacom by 1.0% during the 4th quarter. BlackRock Inc. now owns 27,578,297 shares of the company’s stock worth $708,764,000 after purchasing an additional 265,799 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of Viacom by 3,319.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,573,957 shares of the company’s stock worth $256,000 after purchasing an additional 6,381,702 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Viacom by 12.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,443,549 shares of the company’s stock worth $183,775,000 after purchasing an additional 584,495 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Viacom by 18.3% during the 4th quarter. Northern Trust Corp now owns 5,389,005 shares of the company’s stock worth $138,498,000 after purchasing an additional 834,733 shares during the period. Institutional investors own 80.92% of the company’s stock.
A number of equities research analysts have recently commented on the stock. Royal Bank of Canada raised shares of Viacom from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $31.00 to $36.00 in a research note on Thursday, April 4th. Loop Capital raised shares of Viacom from a “hold” rating to a “buy” rating and raised their price objective for the stock from $33.00 to $35.00 in a research note on Friday, March 29th. BidaskClub cut shares of Viacom from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 20th. ValuEngine cut shares of Viacom from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. Finally, Zacks Investment Research raised shares of Viacom from a “sell” rating to a “hold” rating in a research note on Saturday, February 9th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $34.57.
Viacom (NASDAQ:VIAB) last released its quarterly earnings results on Tuesday, February 5th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.10. Viacom had a net margin of 11.60% and a return on equity of 23.34%. The firm had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.12 billion. During the same quarter last year, the company earned $1.03 EPS. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. Sell-side analysts predict that Viacom, Inc. will post 4.2 EPS for the current year.
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Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.
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