Matrix Asset Advisors Inc. NY raised its stake in Viacom, Inc. (NASDAQ:VIAB) by 10.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 268,499 shares of the company’s stock after buying an additional 25,918 shares during the period. Matrix Asset Advisors Inc. NY’s holdings in Viacom were worth $8,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Financial Gravity Companies Inc. purchased a new stake in shares of Viacom in the 4th quarter worth approximately $202,000. Lehman Financial Resources Inc. purchased a new stake in shares of Viacom in the 4th quarter worth approximately $207,000. Hourglass Capital LLC purchased a new stake in shares of Viacom in the 4th quarter worth approximately $220,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Viacom in the 4th quarter worth approximately $225,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of Viacom in the 4th quarter worth approximately $227,000. 80.36% of the stock is owned by institutional investors.

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Viacom, Inc. (NASDAQ VIAB) opened at $34.09 on Monday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.14 and a current ratio of 1.41. Viacom, Inc. has a 52 week low of $22.13 and a 52 week high of $46.72. The stock has a market cap of $13,715.80, a P/E ratio of 9.07, a price-to-earnings-growth ratio of 0.99 and a beta of 1.47.

Viacom (NASDAQ:VIAB) last issued its quarterly earnings results on Thursday, February 8th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.09. Viacom had a net margin of 15.49% and a return on equity of 26.28%. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the prior year, the business posted $1.04 EPS. Viacom’s revenue for the quarter was down 7.6% compared to the same quarter last year. equities research analysts expect that Viacom, Inc. will post 4.04 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on VIAB shares. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $32.00 price target (up previously from $25.00) on shares of Viacom in a research report on Thursday, January 4th. Zacks Investment Research lowered shares of Viacom from a “hold” rating to a “sell” rating in a research note on Saturday, January 20th. Barrington Research lowered shares of Viacom from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 2nd. Royal Bank of Canada upgraded shares of Viacom from an “underperform” rating to a “sector perform” rating and set a $35.00 price objective for the company in a research note on Friday, February 9th. Finally, UBS Group reduced their price objective on shares of Viacom from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, November 17th. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $35.36.

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Viacom Company Profile

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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Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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