Viacom Inc. (VIAB) Lowered to "Market Perform" at Wells Fargo & Company

Loudon Investment Management Llc sold 15,638 shares as Viacom Inc New (VIAB)'s stock declined 19.98%. More interesting news about Viacom, Inc. The fund owned 1,326,054 shares of the company's stock after selling 6,221 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,202 shares of the company's stock valued at $103,000 after buying an additional 300 shares in the last quarter. Morgan Stanley maintained Viacom, Inc.

A number of institutional investors and hedge funds have recently modified their holdings of the business. First Personal Financial Services boosted its holdings in Viacom by 5.9% during the second quarter.

About 3.98 million shares traded. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Viacom by 13.0% in the 2nd quarter. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $696,000. Fifth Third Bancorp now owns 2,616 shares of the company's stock worth $122,000 after purchasing an additional 225 shares during the last quarter. Wall Street Access Asset Management LLC boosted its holdings in Viacom by 1.1% during the second quarter.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 3rd.

ILLEGAL ACTIVITY WARNING: This article was originally published by Week Herald and is the property of of Week Herald. If you are reading this news story on another domain, it was copied illegally and republished in violation of United States & worldwide copyright and trademark legislation. (NASDAQ:VIAB) news were published by: Nasdaq.com which released: "Financial Partners Capital Management Llc Buys SPDR S&P 500, Viacom Inc ..." on August 15, 2017, also Seekingalpha.com with their article: "Understanding (And Trying To Play) Viacom's Increasingly Bizarre Spread" published on August 18, 2017, Nasdaq.com published: "Ex-Dividend Reminder: World Wrestling Entertainment, Viacom and Macy's" on September 12, 2017.

Several institutional investors have recently bought and sold shares of VIAB. Royal Bank Of Canada lowered their price target on Viacom from $35.00 to $30.00 and set an underperform rating on the stock in a report on Monday, May 15th. Cowen & Co maintained the shares of VIAB in report on Tuesday, August 8 with "Hold" rating. On Monday, June 26 the stock rating was maintained by Jefferies with "Buy". Zacks downgraded the stock to "Hold" rating in Tuesday, August 11 report. Viacom now has a consensus rating of "Hold" and a consensus price target of $42.04. (NASDAQ:VIAB), 13 have Buy rating, 2 Sell and 19 Hold. Viacom has a 52 week low of $31.06 and a 52 week high of $46.69. RBC Capital Markets upgraded Viacom, Inc. On Friday, August 7 the stock rating was maintained by Stifel Nicolaus with "Buy". In a research note revealed to clients and investors on Thursday, 7 September, Jefferies reconfirmed their "Buy" rating on shares of VIAB. During the same period in the prior year, the company posted $1.05 earnings per share. The firm had revenue of $3.36 billion for the quarter, compared to analysts' expectations of $3.29 billion. Viacom had a return on equity of 30.89% and a net margin of 11.04%. Viacom's revenue was up 8.3% on a year-over-year basis. Brokerage firms anticipate that Viacom to post $3.87 earnings per share for the financial year.

Stocks of Viacom (NASDAQ:VIAB) have earned a consensus recommendation of "Hold" from the thirty-four analysts that are covering The corporation, .

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