Loop Capital reaffirmed their hold rating on shares of Viacom Inc. (NASDAQ:VIAB) in a research note published on Friday morning. They currently have a $39.00 price target on the stock, down from their previous price target of $41.00.
A number of other equities research analysts have also commented on VIAB. FBR & Co restated a buy rating on shares of Viacom in a research report on Monday, June 20th. Brean Capital restated a hold rating on shares of Viacom in a research report on Friday, August 5th. Zacks Investment Research lowered Viacom from a hold rating to a sell rating in a research report on Monday, June 13th. Vetr lowered Viacom from a strong-buy rating to a sell rating and set a $42.50 price target on the stock. in a research report on Monday, July 11th. Finally, Telsey Advisory Group decreased their price target on Viacom from $53.00 to $51.00 and set an outperform rating on the stock in a research report on Friday, August 5th. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and ten have given a buy rating to the company’s stock. Viacom has a consensus rating of Hold and a consensus price target of $43.80.
Shares of Viacom (NASDAQ:VIAB) opened at 37.74 on Friday. The stock has a 50 day moving average price of $38.83 and a 200-day moving average price of $41.25. The company has a market cap of $14.97 billion, a P/E ratio of 7.26 and a beta of 1.33. Viacom has a 1-year low of $30.11 and a 1-year high of $53.35.
Viacom (NASDAQ:VIAB) last released its quarterly earnings results on Thursday, August 4th. The company reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.04. The business had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.01 billion. Viacom had a return on equity of 46.74% and a net margin of 15.85%. Viacom’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.47 EPS. Analysts predict that Viacom will post $3.64 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 22nd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Thursday, September 22nd. Viacom’s dividend payout ratio is presently 15.41%.
Several large investors have recently modified their holdings of VIAB. Boston Private Wealth LLC boosted its stake in shares of Viacom by 0.3% in the second quarter. Boston Private Wealth LLC now owns 6,085 shares of the company’s stock worth $252,000 after buying an additional 16 shares in the last quarter. Baird Financial Group Inc. increased its stake in Viacom by 0.3% in the second quarter. Baird Financial Group Inc. now owns 27,760 shares of the company’s stock worth $1,166,000 after buying an additional 86 shares during the last quarter. Conning Inc. increased its stake in Viacom by 0.9% in the second quarter. Conning Inc. now owns 12,147 shares of the company’s stock worth $504,000 after buying an additional 110 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Viacom by 1.6% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 7,124 shares of the company’s stock worth $295,000 after buying an additional 114 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in Viacom by 1.6% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 8,752 shares of the company’s stock worth $327,000 after buying an additional 142 shares during the last quarter. 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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