Viacom, Inc. (VIA) Receives Average Recommendation of “Hold” from Brokerages
Viacom, Inc. (NASDAQ:VIA) has received an average rating of “Hold” from the sixteen brokerages that are presently covering the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $43.33.
A number of research analysts recently commented on the company. Barrington Research reissued an “outperform” rating on shares of Viacom in a research note on Friday. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 target price on shares of Viacom in a research note on Friday, April 14th. Finally, Drexel Hamilton raised Viacom to a “buy” rating in a research note on Thursday, February 9th.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Lumina Fund Management LLC bought a new position in shares of Viacom during the fourth quarter worth about $6,623,000. Bank of New York Mellon Corp boosted its stake in Viacom by 9.7% in the third quarter. Bank of New York Mellon Corp now owns 100,207 shares of the company’s stock valued at $4,291,000 after buying an additional 8,833 shares during the last quarter. Morgan Stanley boosted its stake in Viacom by 17.9% in the first quarter. Morgan Stanley now owns 87,499 shares of the company’s stock valued at $4,267,000 after buying an additional 13,255 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Viacom by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 64,855 shares of the company’s stock valued at $3,161,000 after buying an additional 962 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Viacom by 33.6% in the first quarter. Geode Capital Management LLC now owns 42,025 shares of the company’s stock valued at $2,048,000 after buying an additional 10,579 shares during the last quarter. 1.99% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION WARNING: This report was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/05/19/viacom-inc-via-receives-average-recommendation-of-hold-from-brokerages.html.
Shares of Viacom (NASDAQ:VIA) traded up 3.10% during midday trading on Friday, reaching $38.20. The company had a trading volume of 77,271 shares. The company has a 50 day moving average of $43.38 and a 200 day moving average of $43.20. The company has a market capitalization of $15.35 billion, a PE ratio of 12.63 and a beta of 1.21. Viacom has a one year low of $36.25 and a one year high of $50.81.
Viacom (NASDAQ:VIA) last released its earnings results on Thursday, May 4th. The company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.20. The business had revenue of $3.26 billion for the quarter. Viacom had a return on equity of 33.25% and a net margin of 10.94%. Analysts predict that Viacom will post $3.70 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, June 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.09%. Viacom’s dividend payout ratio (DPR) is currently 22.92%.
Viacom Company Profile
Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.
Receive News & Ratings for Viacom Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom Inc. and related companies with MarketBeat.com's FREE daily email newsletter.