State of Alaska Department of Revenue Raises Stock Holdings in Viacom, Inc. (NASDAQ:VIAB)

State of Alaska Department of Revenue lifted its holdings in Viacom, Inc. (NASDAQ:VIAB) by 2.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 112,089 shares of the company’s stock after buying an additional 2,927 shares during the quarter. State of Alaska Department of Revenue’s holdings in Viacom were worth $3,347,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cullen Frost Bankers Inc. bought a new stake in Viacom during the 1st quarter valued at $30,000. Advisory Services Network LLC boosted its position in shares of Viacom by 189.2% in the 4th quarter. Advisory Services Network LLC now owns 1,605 shares of the company’s stock worth $41,000 after purchasing an additional 1,050 shares in the last quarter. CENTRAL TRUST Co boosted its position in shares of Viacom by 98.8% in the 1st quarter. CENTRAL TRUST Co now owns 1,720 shares of the company’s stock worth $48,000 after purchasing an additional 855 shares in the last quarter. Bremer Bank National Association acquired a new stake in shares of Viacom in the 1st quarter worth $50,000. Finally, Meridian Wealth Management LLC acquired a new stake in shares of Viacom in the 2nd quarter worth $60,000. Hedge funds and other institutional investors own 79.96% of the company’s stock.

VIAB has been the subject of a number of recent analyst reports. BMO Capital Markets lowered their price objective on Viacom from $34.00 to $33.00 and set a “market perform” rating for the company in a research report on Thursday, May 16th. ValuEngine cut Viacom from a “sell” rating to a “strong sell” rating in a research report on Thursday. TheStreet raised Viacom from a “c+” rating to a “b-” rating in a research report on Friday, April 26th. Finally, BidaskClub raised Viacom from a “sell” rating to a “hold” rating in a research report on Friday, July 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $34.54.

VIAB stock traded down $0.14 during midday trading on Friday, reaching $29.78. The stock had a trading volume of 5,579,079 shares, compared to its average volume of 2,895,801. The firm has a market cap of $12.23 billion, a PE ratio of 7.23, a PEG ratio of 1.03 and a beta of 1.29. The company has a current ratio of 1.29, a quick ratio of 1.07 and a debt-to-equity ratio of 1.08. The firm has a fifty day simple moving average of $30.58. Viacom, Inc. has a 52-week low of $23.31 and a 52-week high of $34.44.

Viacom (NASDAQ:VIAB) last released its quarterly earnings data on Friday, May 10th. The company reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.15. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.06 billion. Viacom had a return on equity of 22.60% and a net margin of 12.63%. The company’s revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the business posted $0.92 EPS. As a group, research analysts forecast that Viacom, Inc. will post 4.03 EPS for the current fiscal year.

Viacom Profile

Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.

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Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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