Viacom Inc. (VIAB) Rating Reiterated by Brean Capital
Viacom Inc. (NASDAQ:VIAB)‘s stock had its “buy” rating reiterated by stock analysts at Brean Capital in a research note issued to investors on Thursday. They presently have a $44.00 price target on the stock. Brean Capital’s price objective would suggest a potential upside of 22.05% from the stock’s current price.
A number of other research firms also recently weighed in on VIAB. Deutsche Bank AG reaffirmed a “hold” rating and set a $39.00 price target (up previously from $36.00) on shares of Viacom in a research note on Tuesday, June 21st. Jefferies Group reissued a “buy” rating on shares of Viacom in a research report on Friday, June 10th. Pivotal Research lowered shares of Viacom from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $52.00 to $47.00 in a research report on Thursday, August 4th. FBR & Co reissued an “outperform” rating and issued a $57.00 price objective on shares of Viacom in a research report on Tuesday, August 23rd. Finally, Wunderlich reissued a “buy” rating and issued a $87.00 price objective on shares of Viacom in a research report on Friday, June 17th. Four analysts have rated the stock with a sell rating, twenty have given a hold rating and ten have assigned a buy rating to the stock. Viacom has an average rating of “Hold” and a consensus price target of $44.59.
Viacom (NASDAQ:VIAB) traded down 0.17% during trading on Thursday, hitting $35.99. 1,166,955 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $40.60 and its 200 day moving average price is $41.47. Viacom has a 12-month low of $30.11 and a 12-month high of $53.35. The stock has a market cap of $14.28 billion, a P/E ratio of 6.93 and a beta of 1.43.
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Viacom (NASDAQ:VIAB) last posted its quarterly earnings results on Thursday, August 4th. The company reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.04. The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.01 billion. Viacom had a net margin of 15.85% and a return on equity of 46.74%. Viacom’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.47 earnings per share. Analysts anticipate that Viacom will post $3.91 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders 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 annualized dividend and a dividend yield of 2.22%. Viacom’s dividend payout ratio is currently 30.83%.
Several institutional investors have recently made changes to their positions in the company. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Viacom during the second quarter valued at about $580,000. Kentucky Retirement Systems purchased a new position in Viacom during the second quarter valued at $1,222,000. Mason Street Advisors LLC purchased a new position in Viacom during the second quarter valued at $1,936,000. Tobam purchased a new position in Viacom during the second quarter valued at $6,415,000. Finally, Schwab Charles Investment Management Inc. increased its position in Viacom by 4.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,217,597 shares of the company’s stock valued at $50,494,000 after buying an additional 57,396 shares during the period. 76.12% of the stock is currently owned by institutional investors.
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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