Gamco Investors INC. ET AL Lowers Position in Viacom, Inc. (VIAB)

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Gamco Investors INC. ET AL reduced its position in Viacom, Inc. (NASDAQ:VIAB) by 2.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,171,943 shares of the company’s stock after selling 33,850 shares during the period. Gamco Investors INC. ET AL’s holdings in Viacom were worth $39,565,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. raised its stake in Viacom by 3.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,966,774 shares of the company’s stock valued at $59,318,000 after acquiring an additional 68,528 shares during the period. GAM Holding AG raised its stake in Viacom by 4.9% in the 2nd quarter. GAM Holding AG now owns 146,714 shares of the company’s stock valued at $4,425,000 after acquiring an additional 6,905 shares during the period. Janus Henderson Group PLC raised its stake in Viacom by 4.1% in the 2nd quarter. Janus Henderson Group PLC now owns 89,011 shares of the company’s stock valued at $2,685,000 after acquiring an additional 3,531 shares during the period. Tocqueville Asset Management L.P. bought a new stake in Viacom in the 2nd quarter valued at about $227,000. Finally, Macquarie Group Ltd. raised its stake in Viacom by 1,808.7% in the 2nd quarter. Macquarie Group Ltd. now owns 316,844 shares of the company’s stock valued at $9,555,000 after acquiring an additional 300,244 shares during the period. Institutional investors and hedge funds own 78.97% of the company’s stock.

Shares of VIAB opened at $32.56 on Wednesday. Viacom, Inc. has a twelve month low of $22.13 and a twelve month high of $35.55. The stock has a market cap of $12.76 billion, a PE ratio of 8.64, a P/E/G ratio of 1.10 and a beta of 1.40. The company has a current ratio of 1.69, a quick ratio of 1.41 and a debt-to-equity ratio of 1.42.

Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Thursday, August 9th. The company reported $1.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.11. Viacom had a return on equity of 23.53% and a net margin of 15.65%. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.27 billion. During the same quarter in the previous year, the firm earned $1.17 earnings per share. Viacom’s revenue was down 3.8% on a year-over-year basis. As a group, sell-side analysts predict that Viacom, Inc. will post 4.1 earnings per share for the current fiscal year.

VIAB has been the topic of a number of research reports. B. Riley upgraded Viacom from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $34.00 to $39.00 in a research note on Wednesday, September 26th. Macquarie upgraded Viacom from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $34.00 to $37.00 in a research note on Thursday, September 20th. BidaskClub upgraded Viacom from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. ValuEngine upgraded Viacom from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 15th. Finally, Credit Suisse Group initiated coverage on Viacom in a research note on Tuesday, July 10th. They issued a “neutral” rating and a $33.00 price objective on the stock. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $34.50.

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Viacom Profile

Viacom, Inc operates media brands that create entertainment content worldwide. The company creates television programs, motion pictures, short-form content, games, consumer products, podcasts, live events, and social media experiences. It operates through two segments, Media Networks and Filmed Entertainment.

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Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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