Economy

Ameriprise Financial Inc. Increases Stake in Viacom Inc. (NASDAQ:VIAB)

(NASDAQ:VIAB) by 7.0% in the second quarter, according to its most recent filing with the SEC. Fifth Third Bancorp now owns 2,616 shares of the company's stock worth $122,000 after purchasing an additional 225 shares during the last quarter.

A number of investment brokers have recently updated their price targets on shares of Viacom Inc.

A number of other hedge funds have also made changes to their positions in the business.

Viacom, Inc. (VIAB) recorded volume accumulation so there will probably be a surplus of buyers at $27.43. If it moves beyond 70 but cannot hold this ground and instead falls below 70, it could be an indication that the market is overbought and prone to become bearish, at least in the short term. Wellington Management Group LLP boosted its position in Viacom by 3,113.9% during the 1st quarter. First Mercantile Trust Co. now owns 3,428 shares of the company's stock worth $115,000 after purchasing an additional 54 shares during the last quarter. First Mercantile Trust Co. lifted its stake in Viacom by 1.6% in the second quarter. First Personal Financial Services increased its holdings in shares of Viacom by 5.9% during the second quarter. The stock has performed -0.14% over the last seven days, -3.40% over the last thirty, and -16.52% over the last three months. The weekly volatility was 2.03% for Viacom, Inc., VIAB, making it easy for the traders to interpret how riskier their investment is on this stock. The volume of VIAB witnessed a shift from 4.96 million shares, based on a 50-day average, to 5.01 million shares.

Looking into last 5 trades, the stock observed a return of nearly -1.76%.

Viacom, Inc. (NASDAQ:VIAB) slipped over -1.54% at $27.41, after hitting low of $27.08 in an intra-day trade. The company has a market capitalization of $11.06 billion, a price-to-earnings ratio of 7.56 and a beta of 1.57.

09/05/2017 - Viacom Inc. was downgraded to "market perform" by analysts at Wells Fargo. Narrowing in a bit closer, the 5 month price index is 0.66315, the 3 month is 0.81659, and the 1 month is now 0.95799. The firm 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%. During the same quarter in the previous year, the firm posted $1.05 earnings per share. Over the last six months, Viacom, Inc.'s stock has been -39.52% and -26.90% for the year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. The ex-dividend date of this dividend was Thursday, September 14th.

On a similar note, analysts expect EPS of $0.88 in September 2017 quarter and $1.05 in December 2017 quarter, representing 27.54% and 0.96% growth, respectively. First off we'll take a look at the Price to Cash Flow ratio of Viacom, Inc.

ILLEGAL ACTIVITY WARNING: "Ameriprise Financial Inc".

From another technical standpoint, Viacom, Inc. "(NASDAQ:VIAB)" was first published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of USA & global copyright and trademark laws. The correct version of this article can be read at https://www.truebluetribune.com/2017/10/03/viacom-inc-viab-shares-bought-by-ameriprise-financial-inc.html.

VIAB has been the subject of several recent analyst reports. Viacom has an average rating of "Hold" and a consensus price target of $41.72. Loop Capital reiterated a "hold" rating and issued a $32.00 price objective (down previously from $36.00) on shares of Viacom in a report on Monday, September 25th. Finally, Jefferies Group LLC restated 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. BidaskClub upgraded shares of Viacom from a "strong sell" rating to a "sell" rating in a research note on Thursday, July 13th.



Like this

Latest


05 October 2017
Ex-FBI agent investigates betrayal of Anne Frank
I remember that once in 2005, I was in Amsterdam on a mission, and my Dutch colleague drove me through Amsterdam. Vince Pankoke is leading a team of 19 forensic experts to look into the cold case , according to the Guardian .

05 October 2017
I'm an elected CM, not a terrorist, says Arvind Kejriwal
Why do they want to pass a Bill that has no sanctity? The Bill was later passed by the House through voice vote. Leader of Opposition Vijender Gupta said the AAP government did not intend the Bill to be implemented.

05 October 2017
Papa John's International, Inc. (NASDAQ:PZZA) Continuing to Trade Below Moving Averages
The latest updates which have been released by analysts/brokers for Papa John's International Inc. 2,155 are held by Macquarie. AQR Capital Management LLC boosted its stake in shares of Papa John's Int'l by 117.8% in the fourth quarter. (NASDAQ:PZZA).

05 October 2017
Explosion reported at Eastman in Kingsport
Police, fire and emergency crews responded to the incident, which was reported shortly after 10 a.m. local time. According to WJHL, the Kingsport Health Department is closed for the rest of the day.

05 October 2017
Tdam USA Sold 5423 Company Stocks In Costco Wholesale Corporation
The rating was reinitiated by Stifel Nicolaus on Friday, January 20 with "Buy". (NASDAQ: COST ) opened at 178.59 on Wednesday. Mechanics Bank Trust Department lifted its stake in shares of Costco Wholesale Corporation by 4.8% in the second quarter.

05 October 2017
Samsung Officially Announces Odyssey Premium VR Headset
Of course you will need a Windows Mixed Reality headset , of which you can find the full line-up of newly announced headsets here. We'll have more details later today from San Francisco where Microsoft is showing off its mixed reality devices.

05 October 2017
What Analysts Think of Ericsson ADR (ERIC)?
The Average Volume of the company is 5.2 Million, while the Volume of the company in the last trading session was 13.63 Billion. Volume is simply the total number of buyers and sellers exchanging shares over a given period of time, usually a day.

05 October 2017
Dallas among United Bid finalists for 2026 World Cup host cities
The World Cup last came to North America in 1994, when the United States hosted and set the average attendance record. If the coalition is awarded the World Cup, at least 12 cities will likely be chosen to host games, officials said.

05 October 2017
Plug Power, Inc. (PLUG) Rating Reiterated by Cowen and Company
Brighton Jones LLC purchased a new position in shares of Plug Power during the 2nd quarter valued at about $102,000. Press coverage about Plug Power (NASDAQ: PLUG ) has trended somewhat positive this week, Accern Sentiment reports.

04 October 2017
STC Trending Higher For Telecom Services ETF Vanguard
In the investing realm, using the moving average for technical equity analysis is still very popular among traders and investors. The CCI technical indicator can be employed to help figure out if a stock is entering overbought or oversold territory.



Recommended