Viacom Inc. (VIAB) PT Lowered to $35.00 at Macquarie
Viacom Inc. (NASDAQ:VIAB) had its price target decreased by research analysts at Macquarie from $44.00 to $35.00 in a research report issued on Thursday. The firm currently has a “neutral” rating on the stock. Macquarie’s price target suggests a potential downside of 2.91% from the company’s current price.
A number of other equities analysts have also weighed in on the company. Jefferies Group reiterated a “buy” rating and issued a $49.00 price target on shares of Viacom in a research report on Tuesday. Brean Capital raised Viacom from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research note on Tuesday, September 13th. Pivotal Research reaffirmed a “buy” rating and set a $52.00 price target on shares of Viacom in a research note on Sunday, July 24th. Vetr downgraded Viacom from a “buy” rating to a “hold” rating and set a $44.78 price target for the company. in a research note on Wednesday, August 17th. Finally, FBR & Co cut their price target on Viacom from $67.00 to $59.00 and set an “outperform” rating for the company in a research note on Tuesday, July 26th. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $44.28.
Viacom (NASDAQ:VIAB) traded up 0.11% on Thursday, hitting $36.09. 2,155,576 shares of the stock were exchanged. The company’s 50-day moving average is $40.60 and its 200-day moving average is $41.47. Viacom has a 52 week low of $30.11 and a 52 week high of $53.35. The company has a market cap of $14.32 billion, a PE ratio of 6.95 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 Thomson Reuters’ 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 business earned $3.11 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter last year, the business posted $1.47 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. On average, analysts predict that Viacom will post $3.91 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 22nd will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, September 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.22%. Viacom’s payout ratio is currently 30.83%.
Large investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Viacom during the fourth quarter worth $289,967,000. American International Group Inc. increased its stake in Viacom by 3,746.7% in the fourth quarter. American International Group Inc. now owns 6,882,543 shares of the company’s stock worth $283,286,000 after buying an additional 6,703,620 shares during the last quarter. Capital World Investors increased its stake in Viacom by 19.3% in the second quarter. Capital World Investors now owns 16,729,443 shares of the company’s stock worth $693,770,000 after buying an additional 2,710,443 shares during the last quarter. 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 last quarter. Finally, AXA increased its stake in Viacom by 380.4% in the first quarter. AXA now owns 1,969,784 shares of the company’s stock worth $81,312,000 after buying an additional 1,559,774 shares during the last quarter. 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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