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.

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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.

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