Shares of Viacom Inc. (NASDAQ:VIAB) have earned a consensus recommendation of “Hold” from the thirty-eight brokerages that are presently covering the company. Three investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and eleven have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $44.73.
VIAB has been the topic of several recent research reports. BTIG Research upgraded Viacom from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Thursday, June 16th. FBR & Co restated a “buy” rating on shares of Viacom in a report on Monday, June 20th. Credit Suisse Group AG restated a “buy” rating on shares of Viacom in a report on Friday, June 17th. Wunderlich restated a “buy” rating and issued a $87.00 target price on shares of Viacom in a report on Friday, June 17th. Finally, Jefferies Group restated a “buy” rating and issued a $49.00 target price on shares of Viacom in a report on Thursday, June 23rd.
Viacom (NASDAQ:VIAB) opened at 35.82 on Tuesday. Viacom has a 12-month low of $30.11 and a 12-month high of $53.35. The company’s 50 day moving average price is $37.72 and its 200-day moving average price is $41.06. The firm has a market capitalization of $14.21 billion, a price-to-earnings ratio of 6.90 and a beta of 1.33.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Thursday, August 4th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the 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%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.47 earnings per share. On average, equities analysts anticipate that Viacom will post $3.64 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 22nd were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, September 22nd. This represents a $0.80 annualized dividend and a yield of 2.23%. Viacom’s dividend payout ratio is presently 15.41%.
A number of hedge funds have recently made changes to their positions in the stock. Pinkerton Retirement Specialists LLC acquired a new stake in shares of Viacom during the second quarter valued at about $131,000. First Mercantile Trust Co. purchased a new position in Viacom during the second quarter valued at $135,000. Hussman Strategic Advisors Inc. purchased a new position in Viacom during the second quarter valued at $137,000. Smithfield Trust Co. purchased a new position in Viacom during the second quarter valued at $141,000. Finally, IFP Advisors Inc raised its position in Viacom by 7.1% in the first quarter. IFP Advisors Inc now owns 3,964 shares of the company’s stock valued at $164,000 after buying an additional 264 shares during the last quarter. 76.12% of the stock is owned by institutional investors.
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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