Amica Mutual Insurance Co. maintained its stake in Viacom Inc. (NASDAQ:VIAB) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,018 shares of the company’s stock at the end of the third quarter. Amica Mutual Insurance Co.’s holdings in Viacom were worth $1,906,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in VIAB. First New York Securities LLC NY increased its position in Viacom by 440.0% in the third quarter. First New York Securities LLC NY now owns 2,700 shares of the company’s stock valued at $103,000 after buying an additional 2,200 shares during the period. Pinkerton Retirement Specialists LLC purchased a new position in Viacom during the second quarter valued at about $131,000. First Mercantile Trust Co. purchased a new position in Viacom during the second quarter valued at about $135,000. Hussman Strategic Advisors Inc. purchased a new position in Viacom during the second quarter valued at about $137,000. Finally, Smithfield Trust Co. purchased a new position in Viacom during the second quarter valued at about $141,000. 75.96% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

Viacom Inc. (NASDAQ:VIAB) traded up 0.43% on Tuesday, hitting $36.95. The stock had a trading volume of 3,379,995 shares. Viacom Inc. has a 1-year low of $30.11 and a 1-year high of $50.18. The firm’s 50-day moving average price is $37.16 and its 200-day moving average price is $40.40. The firm has a market cap of $14.66 billion, a P/E ratio of 10.22 and a beta of 1.32.

Viacom (NASDAQ:VIAB) last announced its quarterly earnings data on Wednesday, November 9th. The company reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.04. Viacom had a return on equity of 36.21% and a net margin of 11.52%. The company had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter last year, the firm earned $1.54 EPS. Viacom’s revenue for the quarter was down 14.8% compared to the same quarter last year. On average, equities research analysts predict that Viacom Inc. will post $3.80 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, December 15th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, December 13th. This represents a $0.80 annualized dividend and a dividend yield of 2.17%. Viacom’s dividend payout ratio (DPR) is presently 22.10%.

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VIAB has been the subject of several analyst reports. Jefferies Group reissued a “buy” rating and issued a $49.00 target price on shares of Viacom in a research note on Tuesday, September 20th. Brean Capital raised shares of Viacom from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Tuesday, September 13th. Vetr downgraded shares of Viacom from a “buy” rating to a “hold” rating and set a $44.78 target price for the company. in a research note on Wednesday, August 17th. Wunderlich cut their target price on shares of Viacom from $65.00 to $56.00 and set a “buy” rating for the company in a research note on Friday, October 21st. Finally, Credit Suisse Group AG reissued an “outperform” rating and issued a $42.00 target price on shares of Viacom in a research note on Wednesday, October 5th. Two equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and ten have given a buy rating to the company’s stock. Viacom presently has a consensus rating of “Hold” and a consensus target price of $43.18.

About Viacom

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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