Viacom Inc. (NASDAQ:VIAB)‘s stock had its “outperform” rating reaffirmed by Credit Suisse Group AG in a research report issued to clients and investors on Wednesday. They presently have a $42.00 target price on the stock. Credit Suisse Group AG’s target price would suggest a potential upside of 11.29% from the company’s current price.
A number of other equities research analysts have also weighed in on VIAB. FBR & Co reiterated a “buy” rating on shares of Viacom in a research note on Monday, June 20th. Brean Capital reiterated a “hold” rating on shares of Viacom in a research note on Friday, August 5th. Zacks Investment Research lowered shares of Viacom from a “hold” rating to a “sell” rating in a research note on Monday, June 13th. Vetr lowered shares of Viacom from a “strong-buy” rating to a “sell” rating and set a $42.50 target price for the company. in a research note on Monday, July 11th. Finally, Telsey Advisory Group decreased their target price on shares of Viacom from $53.00 to $51.00 and set an “outperform” rating for the company in a research note on Friday, August 5th. Four equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $43.80.
Shares of Viacom (NASDAQ:VIAB) traded up 0.43% during midday trading on Wednesday, hitting $37.74. The company had a trading volume of 4,279,233 shares. Viacom has a 1-year low of $30.11 and a 1-year high of $53.35. The firm has a market capitalization of $14.97 billion, a P/E ratio of 7.26 and a beta of 1.33. The stock has a 50 day moving average price of $38.98 and a 200 day moving average price of $41.28.
Viacom (NASDAQ:VIAB) last announced its earnings results on Thursday, August 4th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The business earned $3.11 billion during the quarter, compared to analyst estimates of $3.01 billion. Viacom had a net margin of 15.85% and a return on equity of 46.74%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.47 EPS. On average, equities analysts anticipate that Viacom will post $3.64 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 22nd were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, September 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.12%. Viacom’s dividend payout ratio is presently 15.41%.
Institutional investors have recently added to or reduced their stakes in the stock. Pinkerton Retirement Specialists LLC acquired a new position in Viacom during the second quarter worth about $131,000. First Mercantile Trust Co. acquired a new position in Viacom during the second quarter worth about $135,000. Hussman Strategic Advisors Inc. acquired a new position in Viacom during the second quarter worth about $137,000. Smithfield Trust Co. acquired a new position in Viacom during the second quarter worth about $141,000. Finally, IFP Advisors Inc increased its position in Viacom by 7.1% in the first quarter. IFP Advisors Inc now owns 3,964 shares of the company’s stock worth $164,000 after buying an additional 264 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.
Viacom Inc (Viacom) is an entertainment content company that connects with audiences in over 160 countries and territories and creates compelling television programs, motion pictures, short-form video, applications, games, consumer products, social media and other entertainment content. The Company operates through two segments: Media Networks and Filmed Entertainment.
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