Rothschild Investment Corp IL increased its holdings in Viacom Inc. (NASDAQ:VIAB) by 33.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,820 shares of the company’s stock after buying an additional 4,740 shares during the quarter. Rothschild Investment Corp IL’s holdings in Viacom were worth $524,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. First Mercantile Trust Co. grew its holdings in 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 buying an additional 54 shares in the last quarter. Wall Street Access Asset Management LLC grew its holdings in Viacom by 1.1% in the 2nd quarter. Wall Street Access Asset Management LLC now owns 6,315 shares of the company’s stock worth $212,000 after buying an additional 70 shares in the last quarter. Boston Private Wealth LLC grew its holdings in 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 buying an additional 108 shares in the last quarter. Moors & Cabot Inc. grew its holdings in Viacom by 0.7% in the 2nd quarter. Moors & Cabot Inc. now owns 20,990 shares of the company’s stock worth $703,000 after buying an additional 149 shares in the last quarter. Finally, Capital Guardian Trust Co. grew its holdings in Viacom by 2.7% in the 2nd quarter. Capital Guardian Trust Co. now owns 6,460 shares of the company’s stock worth $217,000 after buying an additional 168 shares in the last quarter. 79.11% of the stock is owned by institutional investors and hedge funds.

Viacom Inc. (NASDAQ:VIAB) traded down 1.61% during trading on Tuesday, reaching $23.84. 1,363,215 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $26.71 and a 200-day moving average price of $32.49. The firm has a market cap of $9.59 billion, a PE ratio of 6.56 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 results on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, topping the 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 firm had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same period in the previous year, the firm posted $1.05 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, analysts forecast that Viacom Inc. will post $3.85 earnings per share for the current fiscal year.

The firm 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. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.80 annualized dividend and a yield of 3.30%. Viacom’s dividend payout ratio (DPR) is presently 21.98%.

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada reissued an “underperform” rating and issued a $30.00 price objective (down from $35.00) on shares of Viacom in a report on Wednesday, August 9th. BMO Capital Markets reissued a “market perform” rating and issued a $35.00 price objective (down from $42.00) on shares of Viacom in a report on Wednesday, August 9th. Jefferies Group LLC reissued a “buy” rating and issued a $43.00 price objective (down from $52.00) on shares of Viacom in a report on Wednesday, August 9th. Piper Jaffray Companies reissued a “hold” rating and issued a $40.00 price objective on shares of Viacom in a report on Tuesday, September 26th. Finally, Cowen and Company reissued a “hold” rating on shares of Viacom in a report on Friday. Eight investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $39.00.

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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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