Viacom Inc. (VIAB) Given “Overweight” Rating at J P Morgan Chase & Co
Viacom Inc. (NASDAQ:VIAB)‘s stock had its “overweight” rating reiterated by J P Morgan Chase & Co in a research note issued to investors on Monday. They currently have a $48.00 price target on the stock. J P Morgan Chase & Co’s price target indicates a potential upside of 33.00% from the stock’s previous close.
VIAB has been the subject of several other reports. Royal Bank Of Canada lowered their price objective on Viacom from $35.00 to $30.00 and set an “underperform” rating for the company in a research note on Monday, May 15th. Guggenheim reaffirmed a “buy” rating and set a $50.00 price target on shares of Viacom in a research report on Wednesday, March 22nd. Deutsche Bank AG downgraded Viacom from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. ValuEngine downgraded Viacom from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Pivotal Research reaffirmed a “hold” rating and set a $40.00 price target on shares of Viacom in a research report on Sunday, April 23rd. Five investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and ten have assigned a buy rating to the company’s stock. Viacom has a consensus rating of “Hold” and an average price target of $43.88.
Viacom (NASDAQ VIAB) traded up 1.95% on Monday, hitting $36.09. The company’s stock had a trading volume of 6,332,129 shares. The firm has a 50 day moving average of $36.95 and a 200-day moving average of $39.92. The stock has a market cap of $14.50 billion, a PE ratio of 11.93 and a beta of 1.53. Viacom has a 12 month low of $33.44 and a 12 month high of $46.72.
Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Thursday, May 4th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.59 by $0.20. The firm had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.03 billion. Viacom had a return on equity of 32.00% and a net margin of 9.32%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 earnings per share. On average, analysts expect that Viacom will post $3.87 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Tuesday, June 13th. Viacom’s payout ratio is currently 26.40%.
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Institutional investors have recently bought and sold shares of the company. FUKOKU MUTUAL LIFE INSURANCE Co raised its position 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 last quarter. Fifth Third Bancorp raised its position 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 last quarter. First Personal Financial Services raised its position 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 last quarter. Whittier Trust Co. raised its position 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 last quarter. Finally, First Mercantile Trust Co. raised its position 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 last quarter. 77.13% of the stock is owned by hedge funds and other institutional investors.
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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