Viacom Inc. (VIAB) Given Buy Rating at Brean Capital
Viacom Inc. (NASDAQ:VIAB)‘s stock had its “buy” rating reaffirmed by equities researchers at Brean Capital in a research note issued to investors on Thursday. They currently have a $44.00 target price on the stock. Brean Capital’s target price suggests a potential upside of 22.05% from the company’s current price.
A number of other brokerages have also recently issued reports on VIAB. Deutsche Bank AG reaffirmed a “hold” rating and issued a $39.00 price objective (up previously from $36.00) on shares of Viacom in a research note on Tuesday, June 21st. Jefferies Group reaffirmed a “buy” rating on shares of Viacom in a research note on Friday, June 10th. Pivotal Research cut shares of Viacom from a “buy” rating to a “hold” rating and cut their price objective for the company from $52.00 to $47.00 in a research note on Thursday, August 4th. FBR & Co reaffirmed an “outperform” rating and issued a $57.00 price objective on shares of Viacom in a research note on Tuesday, August 23rd. 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 research 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. Viacom has an average rating of “Hold” and a consensus price target of $44.59.
Shares of Viacom (NASDAQ:VIAB) traded down 0.22% on Thursday, hitting $35.97. 1,035,331 shares of the stock were exchanged. The company has a 50-day moving average price of $40.60 and a 200 day moving average price of $41.47. The company has a market cap of $14.27 billion, a PE ratio of 6.92 and a beta of 1.43. Viacom has a 12 month low of $30.11 and a 12 month high of $53.35.
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Viacom (NASDAQ:VIAB) last announced its quarterly earnings data on Thursday, August 4th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.04. Viacom had a net margin of 15.85% and a return on equity of 46.74%. The company earned $3.11 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the prior year, the company earned $1.47 EPS. The firm’s revenue was up 1.6% on a year-over-year basis. Equities analysts forecast that Viacom will post $3.91 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 22nd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.22%. Viacom’s dividend payout ratio (DPR) is presently 30.83%.
Hedge funds have recently bought and sold shares of the stock. Prudential Financial Inc. increased its stake in Viacom by 49.0% in the first quarter. Prudential Financial Inc. now owns 1,483,137 shares of the company’s stock worth $61,224,000 after buying an additional 487,930 shares during the period. Stratos Wealth Partners LTD. increased its stake in Viacom by 23.7% in the first quarter. Stratos Wealth Partners LTD. now owns 13,471 shares of the company’s stock worth $556,000 after buying an additional 2,584 shares during the period. Teachers Advisors Inc. increased its stake in Viacom by 14.9% in the first quarter. Teachers Advisors Inc. now owns 1,057,756 shares of the company’s stock worth $43,664,000 after buying an additional 137,251 shares during the period. TIAA CREF Investment Management LLC increased its stake in Viacom by 4.8% in the first quarter. TIAA CREF Investment Management LLC now owns 4,556,148 shares of the company’s stock worth $188,078,000 after buying an additional 208,510 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Viacom during the first quarter worth $18,260,000. Hedge funds and other 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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