Viacom Inc. (NASDAQ:VIAB) shares were down 1.4% during trading on Thursday . The stock traded as low as $42.85 and last traded at $43.11, with a volume of 850,547 shares traded. The stock had previously closed at $43.74.

Several research analysts have recently commented on VIAB shares. Pivotal Research reaffirmed a “buy” rating and set a $52.00 target price on shares of Viacom in a report on Sunday, July 24th. Brean Capital reaffirmed a “hold” rating on shares of Viacom in a report on Thursday, July 7th. FBR & Co decreased their price objective on shares of Viacom from $67.00 to $59.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 26th. Wells Fargo & Co. cut shares of Viacom from a “market perform” rating to an “underperform” rating and lifted their price objective for the company from $38.00 to $40.00 in a research note on Monday, July 11th. Finally, Jefferies Group reissued a “buy” rating on shares of Viacom in a research note on Thursday, August 11th. Four analysts have rated the stock with a sell rating, twenty have issued a hold rating and twelve have assigned a buy rating to the stock. Viacom has an average rating of “Hold” and a consensus target price of $46.41.

The firm has a market capitalization of $16.99 billion and a P/E ratio of 8.25. The company has a 50 day moving average of $43.76 and a 200-day moving average of $41.19.

Viacom (NASDAQ:VIAB) last released its earnings results on Thursday, August 4th. The company reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.04. The business had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.01 billion. Viacom’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.47 EPS. On average, analysts anticipate that Viacom Inc. will post $3.91 EPS for the current year.

In related news, EVP Michael D. Fricklas sold 10,800 shares of the stock in a transaction on Monday, June 20th. The shares were sold at an average price of $45.29, for a total transaction of $489,132.00. Following the transaction, the executive vice president now owns 5,357 shares of the company’s stock, valued at approximately $242,618.53. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

A number of large investors have recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its stake in shares of Viacom by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 479,830 shares of the company’s stock valued at $19,750,000 after buying an additional 8,318 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Viacom by 4.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 506,726 shares of the company’s stock valued at $20,857,000 after buying an additional 21,925 shares during the last quarter. KBC Group NV boosted its stake in shares of Viacom by 15.0% in the fourth quarter. KBC Group NV now owns 199,132 shares of the company’s stock valued at $8,196,000 after buying an additional 25,933 shares during the last quarter. Airain ltd purchased a new stake in shares of Viacom during the fourth quarter valued at $3,463,000. Finally, Jennison Associates LLC boosted its stake in shares of Viacom by 20.9% in the fourth quarter. Jennison Associates LLC now owns 1,833,961 shares of the company’s stock valued at $75,486,000 after buying an additional 317,189 shares during the last quarter.

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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