17,962 Shares in Viacom, Inc. (VIAB) Purchased by Trilogy Capital Inc.
Trilogy Capital Inc. acquired a new stake in Viacom, Inc. (NASDAQ:VIAB) in the fourth quarter, Holdings Channel reports. The firm acquired 17,962 shares of the company’s stock, valued at approximately $553,000.
Other hedge funds have also made changes to their positions in the company. SeaCrest Wealth Management LLC acquired a new position in shares of Viacom in the fourth quarter valued at approximately $225,000. Marathon Trading Investment Management LLC acquired a new position in shares of Viacom in the third quarter valued at approximately $237,000. Lourd Capital LLC acquired a new position in shares of Viacom in the fourth quarter valued at approximately $252,000. IFM Investors Pty Ltd acquired a new position in shares of Viacom in the third quarter valued at approximately $269,000. Finally, Exane Derivatives grew its holdings in shares of Viacom by 293.2% in the third quarter. Exane Derivatives now owns 9,707 shares of the company’s stock valued at $270,000 after purchasing an additional 7,238 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.
Several research analysts have commented on the stock. BMO Capital Markets reiterated a “hold” rating and set a $30.00 price target on shares of Viacom in a report on Wednesday, October 18th. Deutsche Bank lowered their price target on shares of Viacom to $25.00 and set a “sell” rating for the company in a report on Monday, October 23rd. Barclays set a $32.00 price target on shares of Viacom and gave the stock a “hold” rating in a report on Friday, October 20th. Cowen reiterated a “hold” rating on shares of Viacom in a report on Friday, October 27th. Finally, 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. Seven analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have issued a buy rating to the company’s stock. Viacom presently has a consensus rating of “Hold” and a consensus price target of $34.77.
Viacom (NASDAQ:VIAB) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.94 by $0.09. Viacom had a net margin of 15.49% and a return on equity of 26.28%. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the prior year, the firm earned $1.04 EPS. Viacom’s revenue for the quarter was down 7.6% on a year-over-year basis. equities analysts forecast that Viacom, Inc. will post 3.85 earnings per share for the current year.
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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