Viacom Inc. (VIAB) Receives Consensus Rating of "Hold" from Analysts

Viacom, Inc. (NASDAQ:VIAB) has been given a consensus recommendation of "Hold" by the thirty-six research firms that are covering the company. (NASDAQ:VIAB) by 33.2% during the second quarter, according to the company in its most recent disclosure with the SEC. Northwestern Mutual Wealth Management Co. now owns 3,686 shares of the company's stock worth $124,000 after purchasing an additional 423 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in Viacom during the second quarter worth approximately $108,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. First Mercantile Trust Co. raised its holdings in Viacom by 1.6% during the second quarter. Thompson Siegel & Walmsley LLC purchased a new stake in Viacom in the second quarter worth about $22,120,000. Finally, Commerce Bank boosted its stake in shares of Viacom by 1.0% in the third quarter. Fifth Third Bancorp now owns 2,616 shares of the company's stock worth $122,000 after purchasing an additional 225 shares in the last quarter. Cleararc Capital Inc. increased its holdings in shares of Viacom by 0.9% during the 1st quarter. Andra AP fonden now owns 68,700 shares of the company's stock worth $2,306,000 after purchasing an additional 3,700 shares in the last quarter. When volumes suddenly increase above normal levels, it can be a sign that investors feel very strongly in one way or the other about the future direction of a stock, or may even have access to inside information.

Viacom Inc. has a 12-month low of $26.65 and a 12-month high of $46.72. The stock decreased 1.26% or $0.35 during the last trading session, reaching $27.36. S Muoio & Company who had been investing in Viacom Inc for a number of months, seems to be less bullish one the $11.65 billion market cap company. The firm's 50-day moving average price is $29.74 and its 200 day moving average price is $36.52. The company reported $1.17 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.05 by $0.12. Viacom Inc. now has $11.52B valuation. The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same period in the previous year, the company earned $1.05 EPS. Viacom's quarterly revenue was up 2.5% on a year-over-year basis.

08/04/2017 - Viacom Inc. was downgraded to "underweight" by analysts at Atlantic Equities.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Monday, March 13th. Viacom's payout ratio is now 21.98%.

TRADEMARK VIOLATION WARNING: "Cipher Capital LP Purchases Shares of 105,787 Viacom Inc. (VIAB)" was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this news story on another domain, it was illegally copied and republished in violation of USA and global copyright & trademark laws. BMO Capital Markets reiterated a "market perform" rating and set a $35.00 target price (down previously from $42.00) on shares of Viacom in a research report on Wednesday, August 9th. Jefferies Group LLC reaffirmed a "buy" rating and set a $52.00 target price on shares of Viacom in a research note on Thursday, August 3rd. J P Morgan Chase & Co reiterated an "overweight" rating and set a $48.00 price objective on shares of Viacom in a research report on Monday, June 12th. Finally, Cowen and Company reiterated a hold rating and set a $41.00 price objective on shares of Viacom in a report on Tuesday, July 11th. Out of 5 Wall Street analysts rating EQT Corp., 3 give it "Buy", 0 "Sell" rating, while 2 recommend "Hold".

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