The firm owned 35,177 shares of the company's stock after selling 483,967 shares during the period. Janney Montgomery Scott LLC's holdings in Viacom were worth $1,197,000 at the end of the most recent quarter.
VIAB has been the subject of a number of research analyst reports. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Viacom by 13.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,546,809 shares of the company's stock worth $51,927,000 after buying an additional 112,516 shares during the last quarter. Finally, Sentry Investment Management LLC boosted its holdings in shares of Viacom by 1.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 33,302 shares of the company's stock worth $1,118,000 after purchasing an additional 8,932 shares during the last quarter. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.30 and a current ratio of 1.55. Andra AP fonden now owns 68,700 shares of the company's stock worth $2,306,000 after buying an additional 3,700 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Viacom by 14.4% in the second quarter. State of New Jersey Common Pension Fund D lifted its position in shares of Viacom by 83.3% during the third quarter.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Deutsche Bank downgraded Viacom, Inc.
The stock increased 9.57% or $2.95 during the last trading session, reaching $33.76. The company's stock had a trading volume of 5,206,376 shares, compared to its average volume of 4,111,268. The firm has a market capitalization of $13,840.00, a P/E ratio of 7.24, a PEG ratio of 1.03 and a beta of 1.60. The stock's 50-day moving average price is $39.03 and its 200-day moving average price is $38.74. The stock's 52-week range is $22.13 to $46.72, and its 3-month range is $22.13 to $32.56.
Viacom, Inc. (NASDAQ:VIAB) has seen its stock price gain unch, or unch, so far in 2017. The company reported $0.77 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.86 by ($0.09). Viacom had a return on equity of 28.95% and a net margin of 14.13%. The company had revenue of $3.32 billion during the quarter, compared to analysts' expectations of $3.23 billion. The company's revenue was up 2.9% compared to the same quarter previous year. During the same period in the prior year, the company earned $1.54 earnings per share.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.80 annualized dividend and a yield of 2.37%. Viacom's dividend payout ratio is now 17.17%.
Several brokerages have recently weighed in on VIAB. Zacks Investment Research downgraded shares of Viacom from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 3rd. Loop Capital reissued a hold rating and set a $28.00 price target on shares of Viacom in a research report on Wednesday, December 27th. FBR & Co cut shares of Viacom from an "outperform" rating to a "market perform" rating and cut their price target for the company from $56.00 to $44.00 in a report on Thursday, November 10th. Finally, Wells Fargo & Co reiterated a "market perform" rating and issued a $32.00 price target (up previously from $25.00) on shares of Viacom in a research note on Thursday, January 4th. The stock now has an average rating of "Hold" and an average price target of $34.86.
Examining Institutional Ownership at Viacom, Inc. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. The firm creates television programs, motion pictures, short-form content, games, consumer products, podcasts, live events, and social media experiences. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.