Vident Investment Advisory LLC Takes Position in Viacom Inc (VIAB)

Marco Green
April 22, 2018

Finally, Macquarie raised Viacom from an "underperform" rating to a "neutral" rating and set a $37.00 price objective on the stock in a research note on Wednesday, February 28th. As per Friday, August 7, the company rating was maintained by Topeka Capital Markets. Six analysts have issued estimates for Viacom's earnings, with the highest sales estimate coming in at $3.18 billion and the lowest estimate coming in at $2.95 billion. The company has a consensus rating of "Hold" and an average price target of $35.00.

Analysts await Viacom, Inc. Schwab Charles Investment Management Inc. increased its stake in Viacom by 4.8% in the first quarter. (NASDAQ:VIAB) has "Neutral" rating given on Monday, April 4 by MoffetNathanson. They expect $0.79 EPS, 0.00% or $0.00 from last year's $0.79 per share. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same period past year, the company posted $1.04 EPS. Washington Trust Bank who had been investing in General Electric Co for a number of months, seems to be less bullish one the $127.26 billion market cap company.

Shares of NASDAQ:VIAB traded down $0.12 during midday trading on Friday, reaching $30.64. As per Monday, February 12, the company rating was maintained by JP Morgan. As per Thursday, August 3, the company rating was maintained by BMO Capital Markets. Finally, Barclays set a $33.00 target price on shares of Viacom and gave the stock a "hold" rating in a research report on Tuesday, January 23rd. Vetr downgraded it to "Hold" rating and $25.84 target in Tuesday, September 22 report.

Several large investors have recently modified their holdings of VIAB. IL acquired a new position in shares of Viacom in the fourth quarter worth $270,000. Kiltearn Partners LLP now owns 5,037,600 shares of the company's stock valued at $155,208,000 after purchasing an additional 2,429,600 shares during the last quarter. Viacom Inc New now has $12.57B valuation. BlackRock Inc. now owns 23,226,736 shares of the company's stock valued at $715,616,000 after purchasing an additional 264,076 shares during the period. Capital International Investors boosted its position in Viacom by 19.3% in the third quarter. Hays Advisory Llc sold 26,730 shares as the company's stock declined 4.65% with the market. Parametric Portfolio Associates LLC raised its position in Viacom by 6.1% in the third quarter. Dimensional Fund Advisors LP now owns 64,855 shares of the company's stock valued at $3,161,000 after buying an additional 962 shares during the period.

Rivernorth Capital Management Llc holds 0.9% of its portfolio in Western Asset High Yield Defined Opportunity Fund Inc. for 858,840 shares. The institutional investor held 51,604 shares of the television services company at the end of 2017Q4, valued at $1.59M, down from 78,334 at the end of the previous reported quarter. (VIAB) in the open market. The company has a market capitalization of $12,106.44, a price-to-earnings ratio of 6.10, a PEG ratio of 1.14 and a beta of 1.47. The consensus earnings estimates for the company have stabilized at US$1.14 per share.

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 3rd. Shareholders of record on Thursday, March 15th were given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, June 13th.

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