Viacom Inc. (NASDAQ:VIAB) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.65-0.70 for the period, compared to the Thomson Reuters consensus estimate of $0.90.

Several brokerages recently commented on VIAB. Royal Bank Of Canada reissued a sell rating on shares of Viacom in a research report on Tuesday, May 31st. Vetr downgraded shares of Viacom from a sell rating to a strong sell rating and set a $39.00 price target on the stock. in a report on Monday, May 30th. FBR & Co reaffirmed a buy rating on shares of Viacom in a report on Monday, June 20th. Brean Capital reiterated a hold rating on shares of Viacom in a research note on Friday, August 5th. Finally, Zacks Investment Research cut shares of Viacom from a hold rating to a sell rating in a research note on Monday, June 13th. Four analysts have rated the stock with a sell rating, twenty have given a hold rating and ten have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of $45.76.

Shares of Viacom Inc. (NASDAQ:VIAB) traded down 0.30% on Wednesday, hitting $36.05. The stock had a trading volume of 6,079,471 shares. Viacom Inc. has a one year low of $30.11 and a one year high of $53.35. The firm’s 50-day moving average is $40.82 and its 200-day moving average is $41.51. The company has a market cap of $14.30 billion, a price-to-earnings ratio of 6.94 and a beta of 1.43.

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Viacom (NASDAQ:VIAB) last announced its earnings results on Thursday, August 4th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. Viacom had a return on equity of 46.74% and a net margin of 15.85%. The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period last year, the business posted $1.47 EPS. The company’s revenue was up 1.6% on a year-over-year basis. On average, analysts expect that Viacom Inc. will post $3.91 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 22nd will be paid a $0.20 dividend. The ex-dividend date is Thursday, September 22nd. This represents a $0.80 annualized dividend and a dividend yield of 2.21%. Viacom’s dividend payout ratio (DPR) is currently 30.83%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital World Investors increased its position in shares of Viacom by 19.3% in the second quarter. Capital World Investors now owns 16,729,443 shares of the company’s stock valued at $693,770,000 after buying an additional 2,710,443 shares during the period. BlackRock Fund Advisors increased its stake in Viacom by 42.7% in the second quarter. BlackRock Fund Advisors now owns 5,362,157 shares of the company’s stock worth $222,369,000 after buying an additional 1,604,976 shares during the period. Arvest Bank Trust Division acquired a new stake in Viacom during the second quarter worth $16,378,000. FIL Ltd increased its stake in Viacom by 50.7% in the second quarter. FIL Ltd now owns 837,311 shares of the company’s stock worth $34,724,000 after buying an additional 281,760 shares during the period. Finally, Zweig Advisers LLC acquired a new stake in Viacom during the second quarter worth $10,958,000. Institutional investors own 76.12% of the company’s stock.

Viacom Company Profile

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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