Viacom Inc. (NASDAQ:VIAB) has been given a consensus rating of “Hold” by the thirty-four research firms that are presently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $42.00.
VIAB has been the subject of several research analyst reports. Zacks Investment Research raised shares of Viacom from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Thursday, July 13th. Jefferies Group LLC reaffirmed a “buy” rating and set a $52.00 target price on shares of Viacom in a research note on Thursday, August 3rd. UBS AG lowered their target price on shares of Viacom from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, August 4th. Barclays PLC set a $37.00 target price on shares of Viacom and gave the stock an “equal weight” rating in a research note on Friday, August 4th. Finally, BidaskClub raised shares of Viacom from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st.
Hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp raised its holdings in Viacom by 9.4% during the first quarter. Fifth Third Bancorp now owns 2,616 shares of the company’s stock worth $122,000 after purchasing an additional 225 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in Viacom during the second quarter worth approximately $108,000. First Personal Financial Services raised its holdings in Viacom by 5.9% during the second quarter. First Personal Financial Services now owns 3,268 shares of the company’s stock worth $110,000 after purchasing an additional 182 shares in the last quarter. First Mercantile Trust Co. raised its holdings in Viacom by 1.6% during the second quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock worth $115,000 after purchasing an additional 54 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Viacom by 13.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,686 shares of the company’s stock worth $124,000 after purchasing an additional 423 shares in the last quarter. 79.17% of the stock is currently owned by institutional investors.
Shares of Viacom (NASDAQ VIAB) opened at 27.67 on Friday. The company has a market cap of $11.13 billion, a price-to-earnings ratio of 7.61 and a beta of 1.59. Viacom has a one year low of $26.65 and a one year high of $46.72. The company’s 50-day moving average is $29.74 and its 200-day moving average is $36.52.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.12. The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.29 billion. Viacom had a net margin of 11.04% and a return on equity of 30.89%. Viacom’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.05 earnings per share. On average, equities analysts predict that Viacom will post $3.87 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.89%. Viacom’s payout ratio is currently 21.98%.
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Viacom Company Profile
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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