8,500 Shares in Viacom Inc. (VIAB) Acquired by Marathon Trading Investment Management LLC
Marathon Trading Investment Management LLC acquired a new position in Viacom Inc. (NASDAQ:VIAB) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 8,500 shares of the company’s stock, valued at approximately $237,000.
A number of other hedge funds have also bought and sold shares of VIAB. Johnson Financial Group Inc. purchased a new position in Viacom in the second quarter worth $108,000. First Personal Financial Services boosted its position in Viacom by 5.9% in the second quarter. First Personal Financial Services now owns 3,268 shares of the company’s stock worth $110,000 after purchasing an additional 182 shares during the last quarter. First Mercantile Trust Co. boosted its position in Viacom by 1.6% in the second quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock worth $115,000 after purchasing an additional 54 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Viacom by 13.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,686 shares of the company’s stock worth $124,000 after purchasing an additional 423 shares during the last quarter. Finally, Delta Asset Management LLC TN boosted its position in Viacom by 12.2% in the second quarter. Delta Asset Management LLC TN now owns 4,358 shares of the company’s stock worth $146,000 after purchasing an additional 475 shares during the last quarter. 79.11% of the stock is currently owned by institutional investors and hedge funds.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.12. Viacom had a return on equity of 30.89% and a net margin of 11.04%. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same period in the previous year, the business earned $1.05 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis.
VIAB has been the topic of several research analyst reports. Zacks Investment Research raised Viacom from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Thursday, July 13th. Piper Jaffray Companies reissued a “hold” rating and issued a $40.00 price objective on shares of Viacom in a research report on Tuesday, September 26th. Barclays PLC set a $37.00 price objective on Viacom and gave the stock an “equal weight” rating in a research report on Friday, August 4th. Wells Fargo & Company cut Viacom from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 5th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $43.00 price objective (down previously from $52.00) on shares of Viacom in a research report on Wednesday, August 9th. Eight equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $38.96.
Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.
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