Viacom Inc. (NASDAQ:VIAB) had its price objective cut by Credit Suisse Group AG from $53.00 to $42.00 in a report released on Thursday. The brokerage presently has an “outperform” rating on the stock. Credit Suisse Group AG’s price target would indicate a potential upside of 16.50% from the stock’s current price.

Several other research firms also recently issued reports on VIAB. Deutsche Bank AG restated 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 restated a “buy” rating on shares of Viacom in a research note on Friday, June 10th. Pivotal Research downgraded shares of Viacom from a “buy” rating to a “hold” rating and decreased their price objective for the company from $52.00 to $47.00 in a research note on Thursday, August 4th. FBR & Co restated an “outperform” rating and issued a $57.00 price objective on shares of Viacom in a research note on Tuesday, August 23rd. Finally, Wunderlich restated 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 assigned a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $44.59.

Analyst Recommendations for Viacom (NASDAQ:VIAB)

Shares of Viacom (NASDAQ:VIAB) opened at 36.05 on Thursday. Viacom has a 52-week low of $30.11 and a 52-week high of $53.35. The stock’s 50 day moving average price is $40.60 and its 200-day moving average price is $41.47. The firm has a market capitalization of $14.30 billion, a PE ratio of 6.94 and a beta of 1.43.

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Viacom (NASDAQ:VIAB) last released its quarterly earnings data on Thursday, August 4th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the 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 the consensus estimate of $3.01 billion. During the same quarter in the prior year, the firm posted $1.47 earnings per share. Viacom’s revenue for the quarter was up 1.6% on a year-over-year basis. Equities research analysts anticipate that Viacom will post $3.91 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors 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 yield of 2.22%. Viacom’s dividend payout ratio (DPR) is currently 30.83%.

A number of institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its position in Viacom by 104.1% in the first quarter. Royal Bank of Canada now owns 1,074,641 shares of the company’s stock worth $44,362,000 after buying an additional 548,080 shares in the last quarter. Legal & General Group Plc increased its position in Viacom by 2.8% in the first quarter. Legal & General Group Plc now owns 1,555,673 shares of the company’s stock worth $64,209,000 after buying an additional 42,350 shares in the last quarter. Nuveen Asset Management LLC increased its position in Viacom by 120.5% in the first quarter. Nuveen Asset Management LLC now owns 728,866 shares of the company’s stock worth $30,087,000 after buying an additional 398,300 shares in the last quarter. Geode Capital Management LLC increased its position in Viacom by 0.5% in the first quarter. Geode Capital Management LLC now owns 2,908,135 shares of the company’s stock worth $119,812,000 after buying an additional 14,321 shares in the last quarter. Finally, AlphaOne Investment Services LLC increased its position in Viacom by 113.0% in the first quarter. AlphaOne Investment Services LLC now owns 82,000 shares of the company’s stock worth $3,385,000 after buying an additional 43,500 shares in the last quarter. 76.12% of the stock is currently owned by 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.

5 Day Chart for NASDAQ:VIAB

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