Economy

Strs Ohio Grows Position in Viacom Inc. (VIAB)

Media headlines about Viacom (NASDAQ:VIAB) have trended somewhat positive recently, according to Accern Sentiment. The fund owned 272,737 shares of the company's stock after acquiring an additional 14,206 shares during the quarter. Strs Ohio owned about 0.08% of Viacom worth $8,478,000 as of its most recent filing with the Securities & Exchange Commission. Tobam acquired a new position in shares of Viacom in the 2nd quarter worth approximately $1,886,000.

On Monday, Shares of Viacom, Inc. Sumitomo Mitsui Trust Holdings Inc. now owns 962,657 shares of the company's stock valued at $39,921,000 after buying an additional 4,564 shares during the period. Thrivent Financial For Lutherans raised its position in Viacom by 5.7% in the 1st quarter. Public Employees Retirement System of OH now owns 185,326 shares of the company's stock valued at $8,640,000 after acquiring an additional 30,325 shares in the last quarter. PGGM Investments raised its stake in shares of Viacom by 336.8% in the second quarter. Ngam Advisors L.P. now owns 17,433 shares of the company's stock valued at $813,000 after buying an additional 720 shares in the last quarter. Xact Kapitalforvaltning AB raised its stake in shares of Viacom by 1.8% in the second quarter. However, the institutional investors are observed to own 94.10% of the total shares.

Viacom, Inc. (NASDAQ:VIAB) touched its 1-Year High price of $46.72 on 03/31/17 and its 1-Year Low price of $22.88 on 11/03/17. VIAB's latest closing price was -31.90% away from the average price of 200 days while it maintained a distance of -9.85% from the 50 Day Moving Average and -4.38% away compared to its SMA 20.

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Viacom, Inc. (NASDAQ:VIAB) closed its last session at $24.18. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.04.

Analysts believe that the company has the potential to earn average revenue of $3.23 Billion for the current quarter. The return on assets stands at 6.3%, Return on Equity now is 30.8% and the Return on Investment value is 12.4%. Over the last week of the month, it was -0.21%, -21.42% over the last quarter, and -33.26% for the past six months. The business's revenue for the quarter was up 8.3% on a year-over-year basis. sell-side analysts anticipate that Viacom Inc. will post 3.84 EPS for the current year. This represents a $0.80 annualized dividend and a yield of 2.15%.

Several equities research analysts recently weighed in on the stock. Finally, Jefferies Group LLC reissued a "buy" rating and issued a $52.00 price target on shares of Viacom in a report on Thursday, August 3rd. Brean Capital upgraded shares of Viacom from a "hold" rating to a "buy" rating and set a $44.00 price target for the company in a research report on Tuesday, September 13th. Barrington Research maintained it with "Outperform" rating and $63.0 target in Thursday, August 13 report. Deutsche Bank AG dropped their price objective on shares of Viacom to $25.00 and set a "sell" rating for the company in a research note on Monday, October 23rd. Eight investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company. Viacom, Inc.'s stock price now sits at $24.75. Trading volume for Viacom, Inc. was 6.24 Million in its previous trading session.

Viacom, Inc. (NASDAQ:VIAB)'s RSI (Relative Strength Index) is 45.49.

Viacom Inc (Viacom) is an entertainment content company that connects with audiences in over 160 countries and territories and creates compelling television programs, motion pictures, short-form video, applications, games, consumer products, social media and other entertainment content.



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