Shares of Viacom Inc. (NASDAQ:VIAB) dropped 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 changing hands. The stock had previously closed at $43.74.

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

The stock’s 50-day moving average price is $43.89 and its 200 day moving average price is $41.19. The company has a market capitalization of $17.25 billion and a P/E ratio of 8.37.

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

In other news, EVP Michael D. Fricklas sold 10,800 shares of Viacom stock in a transaction dated Monday, June 20th. The shares were sold at an average price of $45.29, for a total value of $489,132.00. Following the completion of the transaction, the executive vice president now directly owns 5,357 shares of the company’s stock, valued at approximately $242,618.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Other hedge funds and institutional investors have bought and sold shares of the company. American International Group Inc. raised its position in Viacom by 3,746.7% in the fourth quarter. American International Group Inc. now owns 6,882,543 shares of the company’s stock valued at $283,286,000 after buying an additional 6,703,620 shares during the period. Jennison Associates LLC raised its position in 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 period. Airain ltd acquired a new position in Viacom during the fourth quarter valued at approximately $3,463,000. KBC Group NV raised its position in 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 period. Finally, Principal Financial Group Inc. raised its position in 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 period.

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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