Viacom Inc. (NASDAQ:VIAB) Shares Bought by Wellington Shields Capital Management LLC

Bruno Cirelli
Luglio 29, 2017

Now the shares of Viacom, Inc. (NASDAQ:VIAB) by 131.0% during the second quarter, Holdings Channel reports. State Street Corp now owns 15,523,719 shares of the company's stock valued at $723,729,000 after buying an additional 207,253 shares in the last quarter.

A number of other hedge funds have also modified their holdings of the company. Suntrust Banks Inc. raised its position in shares of Viacom by 0.5% in the first quarter. (VIAB) stock; watched recent volatility movements, they can see that shares have been recorded at 2.33% for the week, and 2.46% for the last month. Finally, Macquarie Group Ltd. boosted its position in shares of Viacom by 55.6% in the fourth quarter. Great Lakes Advisors LLC now owns 16,983 shares of the company's stock valued at $792,000 after buying an additional 112 shares during the period. The institutional investor held 90,704 shares of the television services company at the end of 2016Q4, valued at $3.18M, down from 286,704 at the end of the previous reported quarter. First Mercantile Trust Co. now owns 3,374 shares of the company's stock worth $157,000 after buying an additional 1,223 shares in the last quarter. The current share price indicates that stock is -26.43% away from its one year high and is moving 5.17% ahead of its 52-week low.

Viacom, Inc. (VIAB) plummeted -1.83 percent and ended the day at $34.37. The stock appeared $46.72 above its 52-week highs and is down -5.06% for the last five trades. Similarly, the company's last 5 years high P/E ratio is 17.18 and low P/E is 9.11, whereas, the industry's and sector's high P/E for the past year is 39.3 and 34.12 respectively and low P/E ratio for the last 5 years is 5.34 for the industry and 13.22 for the Sector.

Viacom (NASDAQ:VIAB) last released its quarterly earnings results on Thursday, May 4th. Next quarter's EPS is estimated at $0.99 and the next full year EPS is projected to be $4.10. The firm had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.03 billion. Viacom, Inc. (VIAB) has the market capitalization of 14.24 Billion.

Weighted Alpha is used to calculate how much a share has gone up or down over a certain period, normally a year. FBR & Co also issued estimates for Viacom's FY2018 earnings at $3.99 EPS and FY2019 earnings at $4.21 EPS. The ex-dividend date was Tuesday, June 13th. That represents a quarterly year/year change in revenues of 0.09 in sequential terms, the VIAB saw sales decline by -0.02.

Let's have a look at some of the important valuation ratios of the Viacom Inc.

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Clearline Capital Lp holds 5.71% of its portfolio in Viacom, Inc. for 358,241 shares.

VIAB's fiscal year ends Sep 30, 2016 and the most recent quarter started on Mar 31, 2017. Sanford C. Bernstein reaffirmed an underperform rating and issued a $29.00 price objective on shares of Viacom in a research note on Friday, June 16th. J P Morgan Chase & Co restated an "overweight" rating and issued a $48.00 target price on shares of Viacom in a report on Monday, June 12th. RBC Capital Markets maintained the stock with "Sell" rating in Friday, July 7 report. Price Target plays a critical role when it comes to the analysis of a Stock. Finally, BMO Capital Markets cut their price objective on shares of Viacom from $44.00 to $42.00 and set a "market perform" rating on the stock in a report on Monday, May 15th. SELL rating has been given by 1 analyst (s) and 5 analyst (s) given BUY rating to the stock.

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