Shares of Viacom Inc. (NASDAQ:VIAB) have earned an average rating of “Hold” from the thirty-three brokerages that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $42.99.

Several research analysts have weighed in on the company. Sanford C. Bernstein reissued an “underperform” rating and issued a $29.00 price objective on shares of Viacom in a research report on Friday, June 16th. ValuEngine cut Viacom from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Royal Bank Of Canada reissued a “sell” rating and issued a $30.00 price objective on shares of Viacom in a research report on Tuesday, June 6th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $48.00 price objective on shares of Viacom in a research report on Monday, June 12th. Finally, FBR & Co boosted their price objective on Viacom from $45.00 to $48.00 and gave the stock a “mkt perform” rating in a research report on Monday, April 10th.

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A number of institutional investors have recently made changes to their positions in the company. FUKOKU MUTUAL LIFE INSURANCE Co raised its position in shares of 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 in the last quarter. Fifth Third Bancorp raised its position in shares of 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 in the last quarter. First Personal Financial Services raised its position in shares of 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 in the last quarter. Whittier Trust Co. raised its position in shares of 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 in the last quarter. Finally, First Mercantile Trust Co. raised its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Shares of Viacom (NASDAQ VIAB) opened at 34.12 on Tuesday. Viacom has a 1-year low of $33.44 and a 1-year high of $46.72. The company has a market cap of $13.71 billion, a PE ratio of 11.28 and a beta of 1.57. The company has a 50-day moving average price of $34.83 and a 200-day moving average price of $39.65.

Viacom (NASDAQ:VIAB) last posted its quarterly earnings data on Thursday, May 4th. The company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.20. Viacom had a return on equity of 32.00% and a net margin of 9.32%. The business had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The business’s revenue was up 8.5% on a year-over-year basis. Equities research analysts expect that Viacom will post $3.87 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.80 dividend on an annualized basis and a yield of 2.34%. Viacom’s dividend payout ratio is currently 26.40%.

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.

Analyst Recommendations for Viacom (NASDAQ:VIAB)

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