Stephens Inc. AR Cuts Stake in Viacom, Inc. (VIAB)
Stephens Inc. AR decreased its position in shares of Viacom, Inc. (NASDAQ:VIAB) by 10.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 39,231 shares of the company’s stock after selling 4,809 shares during the quarter. Stephens Inc. AR’s holdings in Viacom were worth $1,209,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of VIAB. SeaCrest Wealth Management LLC bought a new position in shares of Viacom during the 4th quarter worth $225,000. Marathon Trading Investment Management LLC bought a new position in shares of Viacom during the 3rd quarter worth $237,000. Lourd Capital LLC bought a new position in shares of Viacom during the 4th quarter worth $252,000. IFM Investors Pty Ltd bought a new position in shares of Viacom during the 3rd quarter worth $269,000. Finally, Exane Derivatives grew its stake in shares of Viacom by 293.2% during the 3rd quarter. Exane Derivatives now owns 9,707 shares of the company’s stock worth $270,000 after acquiring an additional 7,238 shares during the period. Institutional investors own 78.74% of the company’s stock.
Several research analysts have recently weighed in on VIAB shares. Credit Suisse Group set a $38.00 price target on Viacom and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Bank of America cut their price target on Viacom from $44.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, November 17th. UBS Group cut their price target on Viacom from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, November 17th. ValuEngine upgraded Viacom from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Loop Capital dropped their price objective on Viacom from $32.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, November 17th. Seven analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have issued a buy rating to the stock. Viacom has a consensus rating of “Hold” and a consensus target price of $34.77.
Viacom (NASDAQ:VIAB) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.09. Viacom had a return on equity of 26.28% and a net margin of 15.49%. The firm had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter last year, the firm posted $1.04 EPS. The company’s revenue was down 7.6% compared to the same quarter last year. equities research analysts forecast that Viacom, Inc. will post 3.82 earnings per share for the current year.
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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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