Employees Retirement System of Texas decreased its stake in shares of Viacom Inc. (NASDAQ:VIAB) by 4.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,000 shares of the company’s stock after selling 1,000 shares during the period. Employees Retirement System of Texas’ holdings in Viacom were worth $739,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in VIAB. Ameriprise Financial Inc. increased its stake in Viacom by 37.5% during the 1st quarter. Ameriprise Financial Inc. now owns 178,233 shares of the company’s stock valued at $8,316,000 after buying an additional 48,608 shares during the period. Teachers Advisors LLC increased its stake in Viacom by 38.9% during the 1st quarter. Teachers Advisors LLC now owns 2,801,637 shares of the company’s stock valued at $130,612,000 after buying an additional 784,230 shares during the period. Ngam Advisors L.P. increased its stake in Viacom by 4.3% during the 1st quarter. Ngam Advisors L.P. now owns 17,433 shares of the company’s stock valued at $813,000 after buying an additional 720 shares during the period. Fifth Third Bancorp increased its stake in Viacom by 9.4% during the 1st quarter. Fifth Third Bancorp now owns 2,616 shares of the company’s stock valued at $122,000 after buying an additional 225 shares during the period. Finally, Thrivent Financial For Lutherans increased its stake in Viacom by 5.7% during the 1st quarter. Thrivent Financial For Lutherans now owns 12,972 shares of the company’s stock valued at $604,000 after buying an additional 700 shares during the period. 79.17% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have commented on VIAB shares. Citigroup Inc. cut shares of Viacom from a “neutral” rating to a “sell” rating and lowered their target price for the company from $33.00 to $24.00 in a research note on Monday, October 9th. Wells Fargo & Company cut shares of Viacom from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 5th. BidaskClub cut shares of Viacom from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 5th. Zacks Investment Research raised shares of Viacom from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Thursday, July 13th. Finally, Jefferies Group LLC restated a “buy” rating and set a $52.00 price objective on shares of Viacom in a research report on Thursday, August 3rd. Eight investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $39.73.

Shares of Viacom Inc. (NASDAQ:VIAB) opened at 25.82 on Thursday. The company’s 50 day moving average is $27.23 and its 200 day moving average is $33.69. The firm has a market capitalization of $10.38 billion, a PE ratio of 7.11 and a beta of 1.57. Viacom Inc. has a 12-month low of $23.45 and a 12-month high of $46.72.

Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.12. Viacom had a return on equity of 30.89% and a net margin of 11.04%. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same period in the previous year, the firm earned $1.05 EPS. Viacom’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, analysts forecast that Viacom Inc. will post $3.85 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend was Thursday, September 14th. Viacom’s dividend payout ratio (DPR) is currently 21.98%.

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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.

Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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