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: 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 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%.

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