Raymond James Trust N.A. acquired a new position in Viacom, Inc. (NASDAQ:VIAB) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 6,947 shares of the company’s stock, valued at approximately $234,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Nisa Investment Advisors LLC boosted its holdings in shares of Viacom by 1.4% in the third quarter. Nisa Investment Advisors LLC now owns 112,403 shares of the company’s stock worth $3,795,000 after buying an additional 1,605 shares during the period. HPM Partners LLC boosted its holdings in shares of Viacom by 15.7% in the second quarter. HPM Partners LLC now owns 12,731 shares of the company’s stock worth $384,000 after buying an additional 1,732 shares during the period. Accuvest Global Advisors boosted its holdings in shares of Viacom by 7.8% in the third quarter. Accuvest Global Advisors now owns 24,426 shares of the company’s stock worth $825,000 after buying an additional 1,757 shares during the period. Wedbush Securities Inc. boosted its holdings in shares of Viacom by 21.4% in the second quarter. Wedbush Securities Inc. now owns 11,195 shares of the company’s stock worth $338,000 after buying an additional 1,971 shares during the period. Finally, Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Viacom by 6.9% in the second quarter. Nissay Asset Management Corp Japan ADV now owns 31,369 shares of the company’s stock worth $946,000 after buying an additional 2,020 shares during the period. 69.49% of the stock is currently owned by institutional investors.

NASDAQ VIAB opened at $30.88 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.50 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $12.43 billion, a price-to-earnings ratio of 7.50, a price-to-earnings-growth ratio of 1.12 and a beta of 1.42. Viacom, Inc. has a 12-month low of $26.56 and a 12-month high of $35.55.

Viacom (NASDAQ:VIAB) last posted its earnings results on Friday, November 16th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.04. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Viacom had a net margin of 13.28% and a return on equity of 23.68%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 earnings per share. As a group, analysts anticipate that Viacom, Inc. will post 4.28 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Monday, December 17th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Friday, December 14th. Viacom’s dividend payout ratio (DPR) is presently 19.42%.

Several research analysts have commented on the stock. TheStreet upgraded shares of Viacom from a “c+” rating to a “b-” rating in a report on Friday, August 31st. ValuEngine upgraded shares of Viacom from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 15th. BidaskClub upgraded shares of Viacom from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Zacks Investment Research upgraded shares of Viacom from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a report on Friday, October 12th. Finally, Barrington Research reiterated a “hold” rating on shares of Viacom in a report on Monday, November 19th. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $34.15.

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Viacom Profile

Viacom, Inc operates media brands that create entertainment content worldwide. The company creates television programs, motion pictures, short-form content, games, consumer products, podcasts, live events, and social media experiences. It operates through two segments, Media Networks and Filmed Entertainment.

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Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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