Standard Life Aberdeen plc Acquires 1,749 Shares of Viacom, Inc. (VIAB)
Standard Life Aberdeen plc lifted its holdings in Viacom, Inc. (NASDAQ:VIAB) by 1.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 117,055 shares of the company’s stock after acquiring an additional 1,749 shares during the quarter. Standard Life Aberdeen plc’s holdings in Viacom were worth $3,607,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Lehman Financial Resources Inc. bought a new stake in Viacom during the 4th quarter valued at $207,000. Hourglass Capital LLC bought a new stake in Viacom during the 4th quarter valued at $220,000. SeaCrest Wealth Management LLC bought a new stake in Viacom during the 4th quarter valued at $225,000. Lourd Capital LLC bought a new stake in Viacom during the 4th quarter valued at $252,000. Finally, Wealthstreet Investment Advisors LLC bought a new stake in Viacom during the 4th quarter valued at $260,000. Hedge funds and other institutional investors own 80.36% of the company’s stock.
VIAB has been the subject of a number of recent analyst reports. UBS Group lowered their price target on shares of Viacom from $41.00 to $38.00 and set a “buy” rating for the company in a report on Friday, November 17th. Bank of America lowered their price target on shares of Viacom from $44.00 to $39.00 and set a “buy” rating for the company in a report on Friday, November 17th. ValuEngine upgraded shares of Viacom from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research raised shares of Viacom from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Tuesday, February 13th. Finally, KeyCorp reissued a “hold” rating on shares of Viacom in a research report on Friday, November 24th. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $35.36.
Viacom (NASDAQ:VIAB) last released its earnings results on Thursday, February 8th. The company reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.09. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.14 billion. Viacom had a net margin of 15.49% and a return on equity of 26.28%. The company’s revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.04 EPS. research analysts anticipate that Viacom, Inc. will post 4.04 earnings per share for the current fiscal year.
Viacom Company 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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