Viacom Inc. (VIAB) Shares Sold by State Street Corp

Viacom Inc

(NASDAQ:VIA) from a neutral rating to a sell rating in a report published on Monday morning.

VIAB has been the subject of several other reports.

Viacom, Inc. has a consensus hold rating from 31 Wall Street analysts, and the number of shares now sold short amount to at least 7.05% of shares outstanding. Zacks Investment Research cut Viacom from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 3rd. Cowen and Company restated a "hold" rating and set a $41.00 price objective on shares of Viacom in a research report on Tuesday, July 11th.

State Street Corp reduced its holdings in shares of Viacom Inc. The stock presently has a consensus rating of "Hold" and an average target price of $40.48. Viacom, Inc. (VIAB) has made its way to a 12-month decline of -29.44%. Including today's unusual volume, Viacom, Inc.'s stock is performing at -28.18% on the year.

Viacom Inc. has PE ratio of 6.66 with a one year low of $23.45 and a one year high of $46.72 and has a market capitalization of $0. The firm has a 50-day moving average price of $27.68 and a 200 day moving average price of $34.40.

Viacom (NASDAQ:VIA) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.05 by $0.12.

A total of 30 brokerages have issued a ratings update on Viacom Inc. The firm had revenue of $3.36 billion during the quarter.

The counter witnessed a trading volume of 5.9 million shares versus an average volume of 5.94 million shares during last trading session. The company's revenue was up 8.3% on a year-over-year basis. On average, equities research analysts forecast that Viacom will post $3.85 earnings per share for the current year. Analysts have placed a $38.17 price target on Viacom, Inc., suggesting a 51.41% gain from recent close. (NDAQ:VIAB) traded -3.95% lower on the day. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and worldwide copyright & trademark legislation. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2017/10/12/viacom-inc-via-cut-to-sell-at-citigroup-inc.html. Fifth Third Bancorp lifted its stake in shares of Viacom by 9.4% during the 1st quarter. Sentry Investment Management LLC now owns 26,322 shares of the company's stock valued at $884,000 after purchasing an additional 290 shares during the last quarter. Public Employees Retirement System of OH now owns 4,386 shares of the company's stock worth $167,000 after purchasing an additional 1,046 shares in the last quarter.

Numeric Investors LLC purchased a new position in Viacom Inc. Prudential Financial Inc. now owns 3,888,900 shares of the company's stock valued at $130,551,000 after purchasing an additional 2,433,220 shares during the period. Finally, Scopus Asset Management L.P. bought a new stake in shares of Viacom during the first quarter valued at approximately $81,585,000. Fifth Third Bancorp now owns 2,616 shares of the company's stock worth $122,000 after acquiring an additional 225 shares during the last quarter. Hedge funds and other institutional investors own 79.18% of the company's stock. The ex-dividend date was Thursday the 14th of September 2017. The Business's Filmed Entertainment segment produces, finances, acquires and distributes motion pictures, television programming and other entertainment content under the Paramount Pictures, Paramount Vantage, Paramount Classics, Paramount Animation, Insurge Pictures, Nickelodeon Movies, MTV Films and Paramount Television brands. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.

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