Public Employees Retirement System of Ohio lifted its position in Viacom, Inc. (NASDAQ:VIAB) by 0.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 144,907 shares of the company’s stock after acquiring an additional 539 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Viacom were worth $3,482,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Circle Wealth Management LLC boosted its stake in Viacom by 10.4% during the third quarter. Circle Wealth Management LLC now owns 19,338 shares of the company’s stock valued at $465,000 after buying an additional 1,815 shares during the last quarter. Pictet Asset Management Ltd. grew its holdings in Viacom by 116.3% during the 3rd quarter. Pictet Asset Management Ltd. now owns 578,965 shares of the company’s stock valued at $13,913,000 after buying an additional 311,279 shares in the last quarter. Andra AP fonden increased its stake in Viacom by 5.7% in the 3rd quarter. Andra AP fonden now owns 283,500 shares of the company’s stock worth $6,813,000 after acquiring an additional 15,400 shares during the last quarter. Mint Tower Capital Management B.V. bought a new stake in Viacom in the 3rd quarter worth approximately $57,000. Finally, Virtu Financial LLC purchased a new stake in shares of Viacom during the 3rd quarter worth approximately $1,510,000. 73.78% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on the stock. Macquarie lowered shares of Viacom from an “outperform” rating to a “neutral” rating and cut their target price for the company from $37.00 to $31.00 in a report on Wednesday, August 14th. Barclays lowered their price objective on shares of Viacom from $33.00 to $24.00 and set an “equal weight” rating for the company in a research report on Monday, October 21st. ValuEngine raised shares of Viacom from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Wells Fargo & Co dropped their price objective on shares of Viacom from $23.00 to $18.00 and set an “underperform” rating for the company in a research note on Wednesday, October 23rd. Finally, Sanford C. Bernstein reduced their target price on shares of Viacom from $27.00 to $21.00 and set an “underperform” rating on the stock in a report on Tuesday, September 3rd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $31.57.

Viacom stock opened at $24.22 on Friday. The firm has a 50-day moving average price of $22.76 and a 200-day moving average price of $26.53. The firm has a market capitalization of $9.77 billion, a PE ratio of 5.97, a price-to-earnings-growth ratio of 0.82 and a beta of 1.37. The company has a current ratio of 1.38, a quick ratio of 1.18 and a debt-to-equity ratio of 1.01. Viacom, Inc. has a 12-month low of $20.93 and a 12-month high of $31.96.

Viacom (NASDAQ:VIAB) last issued its quarterly earnings results on Thursday, November 14th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.76 by $0.03. Viacom had a net margin of 12.06% and a return on equity of 20.04%. The company had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.44 billion. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 EPS. As a group, sell-side analysts predict that Viacom, Inc. will post 4.22 earnings per share for the current fiscal year.

About Viacom

Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.

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Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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