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

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



05 October 2017
Netanyahu backs Greater Jerusalem bill to annex surrounding towns
Worldwide law views the West Bank and East Jerusalem as "occupied territories" and considers all Jewish settlement-building there as illegal.

05 October 2017
Ireland to be fined for not taxing Apple
Ireland doesn't feel that it's doing anything wrong, and has appealed the decision of the court declaring the tax break as illegal.

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
Kim Kardashian West Put a Totally New Spin on the Naked Dress
News. "Like, I don't get it". "So I'm doing all the steps to try to be as private and discreet as possible, and then you take pictures".

05 October 2017
Nova Measuring Instruments Ltd. (NASDAQ:NVMI) Sees Volatile Trading - Up $2.35
The Massachusetts-based Modera Wealth Management Limited Liability Com has invested 0.06% in CSX Corporation (NASDAQ:CSX). Eagle Global Ltd Liability Corp stated it has 0.01% of its portfolio in Nova Measuring Instruments Ltd. (NASDAQ:NVMI).

05 October 2017
For Kerala Foot March, BJP Calls In The Cavalry From Centre, States
Uttar Pradesh CM Yogi Adityanath joins Kerala BJP President Kummanam Rajasekhara's "Janaraksha Yathra" in Kannur on Wednesday. He would return to his State from Mangaluru on Thursday morning.

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
Las Vegas shootings won't halt American gun madness
But within a few months, that shift had disappeared and the public was back to a near-even split between those two priorities. Our pathetic obsession with weapons takes its obscene toll every single day and makes us look like a tribe of barbarians.

05 October 2017
GIC Re aims to raise $1.7 billion in its initial IPO
Axis Capital, Citigroup, Deutsche India, HSBC Securities and Kotak Capital are the book running lead managers to the offer. General Insurance Corporation of India is the largest reinsurance company in India in terms of gross premiums.

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.