Viacom Inc. (NASDAQ:VIAB) had its price objective cut by investment analysts at Macquarie from $44.00 to $35.00 in a research note issued to investors on Thursday. The brokerage currently has a “neutral” rating on the stock. Macquarie’s target price would indicate a potential downside of 2.91% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Viacom in a research note on Friday, June 10th. Jefferies Group reaffirmed a “buy” rating on shares of Viacom in a research note on Friday, June 10th. BTIG Research raised shares of Viacom from a “neutral” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Thursday, June 16th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Viacom in a research note on Friday, June 17th. Finally, Wunderlich reaffirmed a “buy” rating and issued a $87.00 price objective on shares of Viacom in a research note on Friday, June 17th. Four equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $44.28.

Viacom (NASDAQ:VIAB) traded up 0.14% during trading on Thursday, reaching $36.10. 2,241,120 shares of the company’s stock were exchanged. The stock has a market capitalization of $14.32 billion, a price-to-earnings ratio of 6.95 and a beta of 1.43. Viacom has a 52 week low of $30.11 and a 52 week high of $53.35. The company’s 50 day moving average price is $40.60 and its 200-day moving average price is $41.47.

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Viacom (NASDAQ:VIAB) last released its earnings results on Thursday, August 4th. The company reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.04. The firm had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Viacom had a net margin of 15.85% and a return on equity of 46.74%. Viacom’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company earned $1.47 EPS. On average, equities analysts expect that Viacom will post $3.84 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 22nd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.22%. The ex-dividend date is Thursday, September 22nd. Viacom’s dividend payout ratio (DPR) is presently 30.83%.

A number of large investors have recently made changes to their positions in VIAB. Chevy Chase Trust Holdings Inc. raised its stake in shares of Viacom by 1.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 295,542 shares of the company’s stock valued at $12,199,000 after buying an additional 3,261 shares during the period. DnB Asset Management AS raised its stake in shares of Viacom by 84.0% in the first quarter. DnB Asset Management AS now owns 27,814 shares of the company’s stock valued at $1,148,000 after buying an additional 12,700 shares during the period. PGGM Investments raised its stake in shares of Viacom by 2.5% in the first quarter. PGGM Investments now owns 230,024 shares of the company’s stock valued at $9,495,000 after buying an additional 5,579 shares during the period. Commonwealth Equity Services Inc raised its stake in shares of Viacom by 30.4% in the first quarter. Commonwealth Equity Services Inc now owns 24,545 shares of the company’s stock valued at $1,013,000 after buying an additional 5,727 shares during the period. Finally, Mn Services Vermogensbeheer B.V. acquired a new stake in shares of Viacom during the first quarter valued at about $312,000. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

About Viacom

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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