First Allied Advisory Services Inc. decreased its holdings in Viacom, Inc. (NASDAQ:VIAB) by 5.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,431 shares of the company’s stock after selling 1,837 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Viacom were worth $742,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Nuveen Asset Management LLC lifted its holdings in shares of Viacom by 487.9% in the second quarter. Nuveen Asset Management LLC now owns 5,170,026 shares of the company’s stock valued at $154,429,000 after buying an additional 4,290,648 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Viacom by 4.3% in the second quarter. Vanguard Group Inc. now owns 41,525,508 shares of the company’s stock valued at $1,240,367,000 after buying an additional 1,730,488 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Viacom by 33.6% in the second quarter. Prudential Financial Inc. now owns 3,560,202 shares of the company’s stock valued at $106,343,000 after buying an additional 895,366 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Viacom by 808.0% in the third quarter. Assenagon Asset Management S.A. now owns 919,676 shares of the company’s stock valued at $22,100,000 after buying an additional 818,385 shares during the period. Finally, APG Asset Management N.V. lifted its holdings in shares of Viacom by 24.6% in the second quarter. APG Asset Management N.V. now owns 3,748,555 shares of the company’s stock valued at $98,322,000 after buying an additional 739,100 shares during the period. 76.32% of the stock is owned by institutional investors.
VIAB has been the subject of several research analyst reports. TheStreet lowered Viacom from a “b-” rating to a “c+” rating in a report on Tuesday, August 27th. Macquarie lowered Viacom from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $37.00 to $31.00 in a report on Wednesday, August 14th. Sanford C. Bernstein cut their price objective on Viacom from $27.00 to $21.00 and set an “underperform” rating for the company in a report on Tuesday, September 3rd. ValuEngine upgraded Viacom from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Guggenheim restated a “buy” rating on shares of Viacom in a report on Wednesday, September 4th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $31.69.
Viacom (NASDAQ:VIAB) last announced its earnings results on Thursday, November 14th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.76 by $0.03. The business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.44 billion. Viacom had a return on equity of 20.04% and a net margin of 12.06%. Viacom’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 earnings per share. As a group, sell-side analysts expect that Viacom, Inc. will post 4.25 EPS for the current fiscal year.
Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.
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