Keybank National Association OH lessened its holdings in shares of Viacom Inc. (NASDAQ:VIAB) by 14.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,557 shares of the company’s stock after selling 1,116 shares during the period. Keybank National Association OH’s holdings in Viacom were worth $220,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Fifth Third Bancorp grew its position in shares of Viacom by 9.4% during the 1st quarter. Fifth Third Bancorp now owns 2,616 shares of the company’s stock worth $122,000 after purchasing an additional 225 shares in the last quarter. First Personal Financial Services grew its position in shares of Viacom by 5.9% during the 2nd quarter. First Personal Financial Services now owns 3,268 shares of the company’s stock worth $110,000 after purchasing an additional 182 shares in the last quarter. First Mercantile Trust Co. grew its position in shares of Viacom by 1.6% during 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. Focused Wealth Management Inc acquired a new position in shares of Viacom during the 1st quarter worth approximately $177,000. Finally, Delta Asset Management LLC TN grew its position in shares of Viacom by 12.2% during the 2nd quarter. Delta Asset Management LLC TN now owns 4,358 shares of the company’s stock worth $146,000 after purchasing an additional 475 shares in the last quarter. Hedge funds and other institutional investors own 79.17% of the company’s stock.

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

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Viacom Inc. (NASDAQ VIAB) opened at 27.67 on Friday. The stock’s 50 day moving average is $29.74 and its 200 day moving average is $36.52. The company has a market cap of $11.13 billion, a P/E ratio of 7.61 and a beta of 1.59. Viacom Inc. has a 1-year low of $26.65 and a 1-year high of $46.72.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.89%. Viacom’s dividend payout ratio (DPR) is 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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