Stevens Capital Management LP acquired a new position in shares of Viacom Inc. (NASDAQ:VIAB) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 136,216 shares of the company’s stock, valued at approximately $4,573,000.

Several other hedge funds have also made changes to their positions in the stock. BlackRock Inc. lifted its position in shares of Viacom by 6.4% during the 2nd quarter. BlackRock Inc. now owns 22,863,371 shares of the company’s stock worth $767,522,000 after buying an additional 1,377,520 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Viacom by 3,113.9% during the 1st quarter. Wellington Management Group LLP now owns 20,233,146 shares of the company’s stock worth $943,269,000 after buying an additional 19,603,597 shares during the last quarter. State Street Corp lifted its position in shares of Viacom by 1.4% during the 1st quarter. State Street Corp now owns 15,523,719 shares of the company’s stock worth $723,729,000 after buying an additional 207,253 shares during the last quarter. FMR LLC lifted its position in shares of Viacom by 36.1% during the 1st quarter. FMR LLC now owns 9,311,109 shares of the company’s stock worth $434,084,000 after buying an additional 2,467,925 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in shares of Viacom by 23.4% during the 1st quarter. TIAA CREF Investment Management LLC now owns 4,752,876 shares of the company’s stock worth $221,579,000 after buying an additional 900,264 shares during the last quarter. Institutional investors and hedge funds own 79.18% of the company’s stock.

Several brokerages recently weighed in on VIAB. Cowen and Company dropped their price objective on Viacom from $41.00 to $31.00 in a research report on Tuesday. Royal Bank Of Canada restated an “underperform” rating and set a $30.00 price objective (down from $35.00) on shares of Viacom in a research report on Wednesday, August 9th. Jefferies Group LLC restated a “buy” rating and set a $43.00 price objective (down from $52.00) on shares of Viacom in a research report on Wednesday, August 9th. BMO Capital Markets restated a “market perform” rating and set a $35.00 price objective (down from $42.00) on shares of Viacom in a research report on Wednesday, August 9th. Finally, Needham & Company LLC restated a “hold” rating on shares of Viacom in a research report on Tuesday, September 12th. Six research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $41.65.

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Shares of Viacom Inc. (NASDAQ:VIAB) opened at 27.32 on Tuesday. Viacom Inc. has a 1-year low of $26.65 and a 1-year high of $46.72. The firm has a market cap of $10.99 billion, a PE ratio of 7.52 and a beta of 1.59. The company’s 50-day moving average price is $29.50 and its 200 day moving average price is $36.31.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.93%. Viacom’s dividend payout ratio is presently 21.98%.

About Viacom

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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