Viacom, Inc. (VIAB) PT Lowered to $42.00 at BMO Capital Markets
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.
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%.
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.
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.
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