Gabelli Funds LLC grew its holdings in shares of Viacom, Inc. (NASDAQ:VIA) by 0.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,870,747 shares of the company’s stock after purchasing an additional 13,326 shares during the quarter. Gabelli Funds LLC’s holdings in Viacom were worth $65,289,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the business. FMR LLC lifted its stake in shares of Viacom by 133.4% during the 2nd quarter. FMR LLC now owns 1,050,751 shares of the company’s stock worth $39,981,000 after purchasing an additional 600,581 shares during the period. Capital Research Global Investors purchased a new position in shares of Viacom during the 2nd quarter worth $30,817,000. Vanguard Group Inc. lifted its stake in shares of Viacom by 563.5% during the 2nd quarter. Vanguard Group Inc. now owns 191,623 shares of the company’s stock worth $7,291,000 after purchasing an additional 162,744 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Viacom by 2.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 70,190 shares of the company’s stock worth $2,576,000 after purchasing an additional 1,961 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Viacom by 17.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 48,930 shares of the company’s stock worth $1,861,000 after purchasing an additional 7,198 shares during the period. 2.40% of the stock is currently owned by institutional investors.
Viacom, Inc. (VIA) opened at $37.35 on Monday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.55 and a quick ratio of 1.30. The firm has a market capitalization of $15,024.30, a price-to-earnings ratio of 9.91 and a beta of 1.39. Viacom, Inc. has a 52-week low of $28.20 and a 52-week high of $49.00.
Viacom (NASDAQ:VIA) last issued its earnings results on Thursday, November 16th. The company reported $0.77 earnings per share for the quarter. Viacom had a return on equity of 28.95% and a net margin of 14.13%.
A number of research analysts have weighed in on the company. Rosenblatt Securities reissued a “sell” rating and set a $45.00 price target on shares of Viacom in a research note on Tuesday, January 16th. Loop Capital reissued a “hold” rating and set a $27.00 price target (down previously from $28.00) on shares of Viacom in a research note on Wednesday, December 27th. Finally, Citigroup lowered Viacom from a “neutral” rating to a “sell” rating in a research note on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $39.00.
Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.
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