BlackRock Inc. Reduces Holdings in Viacom, Inc. (NASDAQ:VIAB)

BlackRock Inc. decreased its position in Viacom, Inc. (NASDAQ:VIAB) by 7.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,759,547 shares of the company’s stock after selling 2,034,574 shares during the period. BlackRock Inc. owned 0.06% of Viacom worth $769,438,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. grew its stake in shares of Viacom by 786.0% in the 2nd quarter. Bessemer Group Inc. now owns 4,368 shares of the company’s stock valued at $130,000 after buying an additional 3,875 shares during the period. Nomura Holdings Inc. grew its stake in shares of Viacom by 70.2% in the 2nd quarter. Nomura Holdings Inc. now owns 469,244 shares of the company’s stock valued at $14,287,000 after buying an additional 193,467 shares during the period. Empirical Finance LLC grew its stake in shares of Viacom by 0.9% in the 2nd quarter. Empirical Finance LLC now owns 86,807 shares of the company’s stock valued at $2,593,000 after buying an additional 754 shares during the period. Ballentine Partners LLC purchased a new stake in shares of Viacom in the 2nd quarter valued at approximately $375,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Viacom in the 2nd quarter valued at approximately $368,000. 75.89% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently weighed in on the stock. Deutsche Bank raised shares of Viacom from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. Moffett Nathanson set a $31.00 price target on shares of Viacom and gave the company a “hold” rating in a research note on Saturday, October 19th. Wells Fargo & Co dropped their price target on shares of Viacom from $23.00 to $18.00 and set an “underperform” rating for the company in a research note on Wednesday, October 23rd. Barclays dropped their price target on shares of Viacom from $33.00 to $24.00 and set an “equal weight” rating for the company in a research note on Monday, October 21st. Finally, Macquarie cut shares of Viacom from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $37.00 to $31.00 in a research report on Wednesday, August 14th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $31.13.

NASDAQ:VIAB opened at $22.75 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.15 and a current ratio of 1.36. The stock has a market capitalization of $9.03 billion, a P/E ratio of 5.52, a PEG ratio of 0.75 and a beta of 1.35. The company has a 50 day moving average price of $22.83 and a 200 day moving average price of $27.24. Viacom, Inc. has a fifty-two week low of $20.93 and a fifty-two week high of $33.35.

Viacom (NASDAQ:VIAB) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.14. The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.33 billion. Viacom had a net margin of 12.68% and a return on equity of 21.71%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the company posted $1.18 EPS. Research analysts forecast that Viacom, Inc. will post 4.02 earnings per share for the current fiscal year.

Viacom Company Profile

Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.

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Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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