Gamco Investors INC. ET AL Has $105.56 Million Holdings in Viacom, Inc. (NASDAQ:VIA)

Gamco Investors INC. ET AL cut its position in Viacom, Inc. (NASDAQ:VIA) by 3.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,024,670 shares of the company’s stock after selling 111,861 shares during the quarter. Gamco Investors INC. ET AL owned 0.75% of Viacom worth $105,561,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in Viacom by 17.2% in the second quarter. Bank of New York Mellon Corp now owns 48,930 shares of the company’s stock valued at $1,861,000 after acquiring an additional 7,198 shares in the last quarter. Legal & General Group Plc raised its holdings in Viacom by 3,470.8% in the second quarter. Legal & General Group Plc now owns 3,428 shares of the company’s stock valued at $130,000 after acquiring an additional 3,332 shares in the last quarter. Prudential Financial Inc. raised its holdings in Viacom by 47.0% in the second quarter. Prudential Financial Inc. now owns 23,103 shares of the company’s stock valued at $879,000 after acquiring an additional 7,390 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Viacom by 21.2% in the second quarter. Wells Fargo & Company MN now owns 38,223 shares of the company’s stock valued at $1,454,000 after acquiring an additional 6,689 shares in the last quarter. Finally, Teachers Advisors LLC raised its holdings in Viacom by 22.1% in the second quarter. Teachers Advisors LLC now owns 15,068 shares of the company’s stock valued at $573,000 after acquiring an additional 2,723 shares in the last quarter. Institutional investors and hedge funds own 2.37% of the company’s stock.

Several analysts recently issued reports on the stock. Loop Capital reaffirmed a “hold” rating and issued a $27.00 price target (down from $28.00) on shares of Viacom in a report on Wednesday, December 27th. Rosenblatt Securities reaffirmed a “sell” rating and issued a $45.00 price target on shares of Viacom in a report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $39.00.

Viacom, Inc. (NASDAQ:VIA) opened at $39.90 on Monday. The company has a market cap of $13,790.00, a PE ratio of 8.42 and a beta of 1.39. The company has a current ratio of 1.41, a quick ratio of 1.14 and a debt-to-equity ratio of 1.52. Viacom, Inc. has a 12-month low of $28.20 and a 12-month high of $49.00.

Viacom (NASDAQ:VIA) last released its quarterly earnings results on Thursday, November 16th. The company reported $0.77 EPS for the quarter. Viacom had a net margin of 15.49% and a return on equity of 26.28%.

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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.

Institutional Ownership by Quarter for Viacom (NASDAQ:VIA)

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