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

Sanford C. Bernstein reissued an underperform rating and issued a $31.00 price target on shares of Viacom in a report on Thursday, November 10th. (NASDAQ:VIAB) news were published by: Nasdaq.com which released: "Is Viacom, Inc". The fund owned 1,326,054 shares of the company's stock after selling 6,221 shares during the quarter. Suntrust Banks Inc. now owns 21,318 shares of the company's stock worth $991,000 after buying an additional 106 shares during the last quarter.

A number of other institutional investors have also recently added to or reduced their stakes in VIAB. First Mercantile Trust Co. boosted its holdings in Viacom by 1.6% during the second quarter. Moreover, Rail has 5.06% invested in the company for 160,128 shares.

About 2,361 shares traded. First Mercantile Trust Co. boosted its holdings in Viacom by 1.6% during the second quarter. Capital World Investors raised its position in Viacom by 47.4% in the third quarter. The Ing Groep Nv holds 46,464 shares with $1.64 million value, up from 9,030 last quarter. The correct version of this article can be accessed at https://www.truebluetribune.com/2017/09/13/viacom-inc-viab-downgraded-by-wells-fargo-company-to-market-perform.html. Institutional investors and hedge funds own 79.17% of the company's stock. If you are reading this article on another site, it was illegally stolen and republished in violation of global copyright & trademark law.

Stocks of Viacom (NASDAQ VIAB) transacted up 0.82% through out intraday market trading on early Wednesday, reaching $29.43.

VIAB has been the subject of several other reports. Jefferies maintained the shares of VIAB in report on Thursday, August 3 with "Buy" rating. (NASDAQ:VIAB) has "Mkt Perform" rating given on Tuesday, January 26 by Barrington Research. Finally, ValuEngine lowered Viacom from a buy rating to a hold rating in a report on Friday, June 2nd. Wedbush downgraded the stock to "Neutral" rating in Tuesday, December 13 report. Viacom now has a consensus rating of "Hold" and a consensus price target of $42.04. Six investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and ten have given a buy rating to the stock. The company has an average rating of "Hold" and an average target price of $42.04. Viacom has a 52 week low of $26.65 and a 52 week high of $46.72. BidaskClub upgraded Viacom from a "sell" rating to a "hold" rating in a research note on Tuesday, August 1st. RBC Capital Markets upgraded Viacom, Inc. RBC Capital Markets maintained the shares of VIAB in report on Tuesday, August 8 with "Sell" rating.

Viacom (NASDAQ:VIAB) last issued its earnings results on Thursday, August 3rd. During the same period in the prior year, the company posted $1.05 earnings per share. The company earned $3.32 billion during the quarter, compared to the consensus estimate of $3.18 billion. Viacom had a net margin of 20.45% and a return on equity of 53.78%. Viacom's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.05 earnings per share. Analysts expect that Viacom, Inc. will post $3.87 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Wednesday, March 15th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Monday, March 13th. Viacom's payout ratio is now 21.98%.

Notícias recomendadas

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.