Sumitomo Mitsui Trust Holdings Inc. Raises Position in Viacom, Inc. (NASDAQ:VIAB)

Brunilde Fioravanti
Settembre 13, 2017

Loudon Investment Management Llc sold 15,638 shares as Viacom Inc New (VIAB)'s stock declined 19.98%. (NASDAQ:VIAB) news were published by: Nasdaq.com which released: "Is Viacom, Inc". Corporate insiders own 0.36% of the company's stock.

Most recently the business also announced a periodic dividend, expected to be paid on early Mon, Oct 2nd.

Several other research analysts also recently commented on VIAB. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,202 shares of the company's stock worth $103,000 after purchasing an additional 300 shares during the last quarter. First Personal Financial Services lifted its holdings in Viacom by 5.9% in the 2nd quarter. First Personal Financial Services now owns 3,086 shares of the company's stock valued at $144,000 after buying an additional 2,805 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Viacom by 13.0% in the 2nd quarter. First Mercantile Trust Co. now owns 3,428 shares of the company's stock worth $115,000 after purchasing an additional 54 shares during the last quarter. Fifth Third Bancorp boosted its stake in Viacom by 9.4% during the first quarter. The Ing Groep Nv holds 46,464 shares with $1.64 million value, up from 9,030 last quarter. Finally, Delta Asset Management LLC TN boosted its holdings in Viacom by 12.2% during the second quarter. As per Monday, April 4, the company rating was downgraded by MoffetNathanson.

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Stocks of Viacom (NASDAQ VIAB) transacted up 0.82% through out intraday market trading on early Wednesday, reaching $29.43. Jefferies reiterated a "buy" recommendation and fixed a $43.00 target price (down prior from $52.00) on stocks of Viacom in a study report on early Wed, Aug 9th. Needham & Company LLC reiterated a "hold" rating on shares of Viacom in a research report on Tuesday. On Monday, September 19 the stock rating was downgraded by Stifel Nicolaus to "Hold". The stock has "Buy" rating by Brean Capital on Tuesday, September 13. BMO Capital Markets lowered their price target on Viacom from $44.00 to $42.00 and set a market perform rating on the stock in a report on Monday, May 15th. Four investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and twelve have given a buy rating to the stock. The rating was maintained by Wunderlich on Friday, August 7 with "Buy".

Viacom, Inc. has a 1-year low of $26.65 and a 1-year high of $46.72. The firm earned "Sell" rating on Tuesday, August 8 by RBC Capital Markets. The New York-based Jericho Capital Asset Management L.P. has invested 8.19% in the stock. The stock has a market capitalization of $10.90 billion, a P/E ratio of 7.46 and a beta of 1.59.

Viacom (NASDAQ:VIAB) previously disclosed its fiscal periodic earnings information on Early Thur, Aug 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.12. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.29 billion. Viacom had a net margin of 11.52% and a return on equity of 36.21%. The company's revenue for the quarter was up 8.3% compared to the same quarter previous year. Analysts expect that Viacom, Inc. will post $3.87 EPS for the current fiscal year. Stockholders of record on Friday, September 15th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Thursday, September 14th. Viacom's dividend payout ratio (DPR) is now 21.98%.

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