Fort Washington Investment Advisors Inc. OH maintained its stake in Viacom Inc. (NASDAQ:VIAB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,681 shares of the company’s stock at the close of the second quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Viacom were worth $2,641,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. First Mercantile Trust Co. boosted its position in shares of Viacom by 1.6% in the 2nd quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock worth $115,000 after purchasing an additional 54 shares in the last quarter. Cleararc Capital Inc. boosted its position in shares of Viacom by 0.9% in the 1st quarter. Cleararc Capital Inc. now owns 8,495 shares of the company’s stock worth $396,000 after purchasing an additional 72 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Viacom by 0.6% in the 1st quarter. Stratos Wealth Partners LTD. now owns 11,781 shares of the company’s stock worth $549,000 after purchasing an additional 76 shares in the last quarter. Suntrust Banks Inc. boosted its position in shares of Viacom by 0.5% in the 1st quarter. Suntrust Banks Inc. now owns 21,318 shares of the company’s stock worth $991,000 after purchasing an additional 106 shares in the last quarter. Finally, Boston Private Wealth LLC boosted its position in shares of Viacom by 1.8% in the 2nd quarter. Boston Private Wealth LLC now owns 6,093 shares of the company’s stock worth $205,000 after purchasing an additional 108 shares in the last quarter. Institutional investors and hedge funds own 79.17% of the company’s stock.

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A number of analysts have recently weighed in on VIAB shares. Zacks Investment Research raised Viacom from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Thursday, July 13th. Jefferies Group LLC reissued a “buy” rating and issued a $52.00 price objective on shares of Viacom in a research report on Thursday, August 3rd. UBS AG lowered their price objective on Viacom from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, August 4th. Barclays PLC set a $37.00 price objective on Viacom and gave the stock an “equal weight” rating in a research report on Friday, August 4th. Finally, BidaskClub raised Viacom from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Six research analysts have rated the stock with a sell rating, seventeen have given a hold rating and ten have given a buy rating to the company. Viacom presently has a consensus rating of “Hold” and a consensus price target of $42.04.

Viacom Inc. (NASDAQ:VIAB) opened at 27.38 on Friday. Viacom Inc. has a 52 week low of $26.65 and a 52 week high of $46.72. The company has a 50 day moving average price of $29.97 and a 200 day moving average price of $36.63. The stock has a market cap of $11.01 billion, a price-to-earnings ratio of 7.53 and a beta of 1.59.

Viacom (NASDAQ:VIAB) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.12. The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.29 billion. Viacom had a net margin of 11.04% and a return on equity of 30.89%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.05 earnings per share. Analysts expect that Viacom Inc. will post $3.87 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be given a $0.20 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.92%. Viacom’s payout ratio is currently 21.98%.

Viacom 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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