Viacom’s (VIAB) “Buy” Rating Reaffirmed at FBR & Co
Viacom Inc. (NASDAQ:VIAB)‘s stock had its “buy” rating reaffirmed by analysts at FBR & Co in a research report issued on Thursday.
Several other brokerages have also recently commented on VIAB. Deutsche Bank AG reiterated a “hold” rating and set a $39.00 target price (up previously from $36.00) on shares of Viacom in a research report on Tuesday, June 21st. Jefferies Group reiterated a “buy” rating on shares of Viacom in a research report on Friday, June 10th. Pivotal Research cut shares of Viacom from a “buy” rating to a “hold” rating and dropped their target price for the company from $52.00 to $47.00 in a research report on Thursday, August 4th. Wunderlich reiterated a “buy” rating and set a $87.00 target price on shares of Viacom in a research report on Friday, June 17th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $40.00 target price on shares of Viacom in a research report on Tuesday, August 23rd. Four investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $44.59.
Viacom (NASDAQ:VIAB) traded down 0.22% during mid-day trading on Thursday, reaching $35.97. The company had a trading volume of 1,035,531 shares. Viacom has a 12 month low of $30.11 and a 12 month high of $53.35. The firm’s 50-day moving average price is $40.60 and its 200-day moving average price is $41.47. The stock has a market cap of $14.27 billion, a PE ratio of 6.92 and a beta of 1.43.
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Viacom (NASDAQ:VIAB) last posted its quarterly earnings data on Thursday, August 4th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the prior year, the business earned $1.47 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. Equities research analysts forecast that Viacom will post $3.91 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 22nd will be issued a dividend of $0.20 per share. 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 presently 30.83%.
Hedge funds and other 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 approximately $580,000. Kentucky Retirement Systems acquired a new position in shares of Viacom during the second quarter valued at approximately $1,222,000. Mason Street Advisors LLC acquired a new position in shares of Viacom during the second quarter valued at approximately $1,936,000. Tobam acquired a new position in shares of Viacom during the second quarter valued at approximately $6,415,000. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of 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 in the last quarter. 76.12% of the stock is currently owned by institutional investors.
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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