Pitcairn Co. raised its position in Viacom Inc. (NASDAQ:VIAB) by 1.0% during the second quarter, Holdings Channel reports. The institutional investor owned 19,717 shares of the company’s stock after buying an additional 191 shares during the period. Pitcairn Co.’s holdings in Viacom were worth $818,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in VIAB. Chevy Chase Trust Holdings Inc. raised its position in shares of Viacom by 1.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 295,542 shares of the company’s stock worth $12,199,000 after buying an additional 3,261 shares in the last quarter. DnB Asset Management AS raised its position in shares of Viacom by 84.0% in the first quarter. DnB Asset Management AS now owns 27,814 shares of the company’s stock valued at $1,148,000 after buying an additional 12,700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Viacom by 14.1% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 79,767 shares of the company’s stock valued at $3,293,000 after buying an additional 9,831 shares during the period. Exxonmobil Investment Management Inc. TX raised its position in shares of Viacom by 8.4% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 84,354 shares of the company’s stock valued at $3,482,000 after buying an additional 6,539 shares during the period. Finally, OLD National Bancorp IN raised its position in shares of Viacom by 242.6% in the first quarter. OLD National Bancorp IN now owns 19,868 shares of the company’s stock valued at $820,000 after buying an additional 14,068 shares during the period. Institutional investors and hedge funds own 76.12% of the company’s stock.

Viacom Inc. (NASDAQ:VIAB) traded down 0.30% during trading on Wednesday, hitting $36.05. The stock had a trading volume of 8,853,656 shares. Viacom Inc. has a 52-week low of $30.11 and a 52-week high of $53.35. The company’s 50 day moving average is $40.60 and its 200 day moving average is $41.47. The firm has a market cap of $14.30 billion, a PE ratio of 6.94 and a beta of 1.43.

Viacom (NASDAQ:VIAB) last released its quarterly earnings data on Thursday, August 4th. The company reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.04. The company earned $3.11 billion during the quarter, compared to the consensus estimate of $3.01 billion. Viacom had a net margin of 15.85% and a return on equity of 46.74%. Viacom’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.47 EPS. Equities research analysts forecast that Viacom Inc. will post $3.91 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 22nd will be issued a $0.20 dividend. The ex-dividend date is Thursday, September 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 2.22%. Viacom’s payout ratio is 30.83%.

Several brokerages have recently commented on VIAB. Royal Bank Of Canada reiterated a “sell” rating on shares of Viacom in a research report on Tuesday, May 31st. Vetr lowered Viacom from a “sell” rating to a “strong sell” rating and set a $39.00 price objective on the stock. in a research report on Monday, May 30th. FBR & Co reiterated a “buy” rating on shares of Viacom in a research report on Monday, June 20th. Brean Capital reiterated a “hold” rating on shares of Viacom in a research report on Friday, August 5th. Finally, Zacks Investment Research lowered Viacom from a “hold” rating to a “sell” rating in a research report on Monday, June 13th. Four equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $45.03.

About Viacom

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. The Company operates through two segments: Media Networks and Filmed Entertainment.

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