Viacom, Inc. (NASDAQ:VIAB) had its target price reduced by analysts at BMO Capital Markets from $44.00 to $42.00 in a research note issued on Monday, May 15th, StockTargetPrices.com reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 19.56% from the stock’s previous close.

Several other analysts have also commented on the stock. Jefferies Group LLC restated a “buy” rating and issued a $52.00 price objective on shares of Viacom in a report on Saturday, March 11th. Rosenblatt Securities began coverage on shares of Viacom in a report on Wednesday, April 5th. They issued a “neutral” rating and a $45.00 price objective for the company. Instinet restated a “neutral” rating and issued a $45.00 price objective on shares of Viacom in a report on Friday, February 10th. Drexel Hamilton upgraded shares of Viacom from a “hold” rating to a “buy” rating in a report on Thursday, February 9th. Finally, Guggenheim raised their price objective on shares of Viacom from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, February 10th. Five investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $43.95.

Analyst Recommendations for Viacom (NASDAQ:VIAB)

Shares of Viacom (NASDAQ:VIAB) traded up 0.60% on Monday, hitting $35.13. The stock had a trading volume of 4,714,487 shares. The firm has a 50 day moving average of $39.34 and a 200-day moving average of $40.10. Viacom has a 1-year low of $33.44 and a 1-year high of $46.72. The firm has a market capitalization of $14.11 billion, a price-to-earnings ratio of 11.61 and a beta of 1.33.

Viacom (NASDAQ:VIAB) last posted its earnings results on Thursday, May 4th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.20. The company had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.03 billion. Viacom had a return on equity of 33.25% and a net margin of 10.94%. Viacom’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm earned $0.76 earnings per share. Equities analysts predict that Viacom will post $3.88 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Tuesday, June 13th. Viacom’s dividend payout ratio (DPR) is presently 22.92%.

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A number of large investors have recently bought and sold shares of the company. FUKOKU MUTUAL LIFE INSURANCE Co increased its stake in Viacom by 15.8% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,202 shares of the company’s stock worth $103,000 after buying an additional 300 shares during the period. Fifth Third Bancorp increased its stake in Viacom by 9.4% in the first quarter. Fifth Third Bancorp now owns 2,616 shares of the company’s stock worth $122,000 after buying an additional 225 shares during the period. First Personal Financial Services increased its stake in Viacom by 998.2% in the first quarter. First Personal Financial Services now owns 3,086 shares of the company’s stock worth $144,000 after buying an additional 2,805 shares during the period. Whittier Trust Co. increased its stake in Viacom by 80.6% in the first quarter. Whittier Trust Co. now owns 3,192 shares of the company’s stock worth $149,000 after buying an additional 1,425 shares during the period. Finally, First Mercantile Trust Co. increased its stake in Viacom by 56.9% in the first quarter. First Mercantile Trust Co. now owns 3,374 shares of the company’s stock worth $157,000 after buying an additional 1,223 shares during the period. 76.82% of the stock is owned by institutional investors and hedge funds.

About Viacom

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.

Stock Target Prices

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