FBR & Co Lowers Viacom Inc. (VIAB) Price Target to $59.00
Viacom Inc. (NASDAQ:VIAB) had its price target dropped by stock analysts at FBR & Co from $67.00 to $59.00 in a report released on Tuesday. The firm presently has an “outperform” rating on the stock. FBR & Co’s price objective points to a potential upside of 62.67% from the company’s previous close.
Other equities research analysts have also issued reports about the stock. Wedbush boosted their target price on shares of Viacom from $43.00 to $46.00 and gave the stock a “neutral” rating in a research report on Friday, April 29th. Deutsche Bank AG decreased their target price on shares of Viacom from $38.00 to $36.00 and set a “hold” rating on the stock in a research report on Monday, May 2nd. Topeka Capital Markets decreased their target price on shares of Viacom from $40.00 to $39.00 and set a “hold” rating on the stock in a research report on Monday, April 11th. BTIG Research upgraded shares of Viacom from a “neutral” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Thursday, June 16th. Finally, Nomura began coverage on shares of Viacom in a research report on Wednesday, June 22nd. They set a “hold” rating on the stock. Four research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $43.80.
Viacom (NASDAQ:VIAB) traded down 0.96% during midday trading on Tuesday, reaching $36.27. 3,722,323 shares of the company traded hands. Viacom has a 12 month low of $30.11 and a 12 month high of $53.35. The company’s 50-day moving average price is $38.44 and its 200 day moving average price is $41.19. The firm has a market capitalization of $14.39 billion, a PE ratio of 6.98 and a beta of 1.33.
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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 consensus estimate of $1.01 by $0.04. The company had revenue of $3.11 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company posted $1.47 EPS. On average, equities analysts anticipate that Viacom will post $3.64 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 22nd were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Thursday, September 22nd. Viacom’s dividend payout ratio (DPR) is currently 15.41%.
A number of institutional investors have recently made changes to their positions in VIAB. Boston Private Wealth LLC boosted its position in shares of Viacom by 0.3% in the second quarter. Boston Private Wealth LLC now owns 6,085 shares of the company’s stock valued at $252,000 after buying an additional 16 shares during the period. Baird Financial Group Inc. boosted its position in shares of Viacom by 0.3% in the second quarter. Baird Financial Group Inc. now owns 27,760 shares of the company’s stock valued at $1,166,000 after buying an additional 86 shares during the period. Conning Inc. boosted its position in shares of Viacom by 0.9% in the second quarter. Conning Inc. now owns 12,147 shares of the company’s stock valued at $504,000 after buying an additional 110 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Viacom by 1.6% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 7,124 shares of the company’s stock valued at $295,000 after buying an additional 114 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its position in shares of Viacom by 1.6% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 8,752 shares of the company’s stock valued at $327,000 after buying an additional 142 shares during the period. Hedge funds and other institutional investors own 76.12% of the company’s stock.
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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