Financial Partners Capital Management LLC Purchases 74,205 Shares of Viacom Inc. (VIAB)

Financial Partners Capital Management LLC lifted its position in shares of Viacom Inc. (NASDAQ:VIAB) by 51.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 217,685 shares of the company’s stock after purchasing an additional 74,205 shares during the quarter. Viacom makes up about 1.5% of Financial Partners Capital Management LLC’s investment portfolio, making the stock its 27th largest position. Financial Partners Capital Management LLC owned 0.05% of Viacom worth $7,308,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. US Bancorp DE boosted its stake in Viacom by 9.4% in the 1st quarter. US Bancorp DE now owns 7,813 shares of the company’s stock valued at $363,000 after buying an additional 669 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Viacom by 7.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 937,150 shares of the company’s stock valued at $43,690,000 after buying an additional 63,649 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Viacom by 37.5% in the 1st quarter. Ameriprise Financial Inc. now owns 178,233 shares of the company’s stock valued at $8,316,000 after buying an additional 48,608 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Viacom by 83.7% in the 1st quarter. Victory Capital Management Inc. now owns 112,048 shares of the company’s stock valued at $5,224,000 after buying an additional 51,041 shares in the last quarter. Finally, Blair William & Co. IL boosted its stake in Viacom by 7.9% in the 1st quarter. Blair William & Co. IL now owns 7,347 shares of the company’s stock valued at $320,000 after buying an additional 538 shares in the last quarter. 79.18% of the stock is currently owned by institutional investors.

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Several analysts recently commented on VIAB shares. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $48.00 price target on shares of Viacom in a research note on Monday, June 12th. BidaskClub raised Viacom from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $29.00 price target on shares of Viacom in a research note on Friday, June 16th. Morgan Stanley reaffirmed an “overweight” rating on shares of Viacom in a research note on Thursday, July 6th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $41.00 price target on shares of Viacom in a research note on Tuesday, July 11th. Eight investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $40.48.

Viacom Inc. (VIAB) traded up 0.531% during midday trading on Tuesday, reaching $25.555. The company had a trading volume of 2,146,141 shares. The company has a market capitalization of $10.28 billion, a PE ratio of 7.032 and a beta of 1.57. The stock has a 50-day moving average price of $27.85 and a 200 day moving average price of $34.60. Viacom Inc. has a 12-month low of $25.37 and a 12-month high of $46.72.

Viacom (NASDAQ:VIAB) last announced its earnings results 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. The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.29 billion. Viacom had a return on equity of 30.89% and a net margin of 11.04%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.05 EPS. Equities analysts forecast that Viacom Inc. will post $3.86 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend was Thursday, September 14th. Viacom’s payout ratio is presently 21.98%.

About Viacom

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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Institutional Ownership by Quarter for Viacom (NASDAQ:VIAB)

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