Viacom Inc. (VIAB) Receives Average Recommendation of “Hold” from Brokerages
Viacom Inc. (NASDAQ:VIAB) has earned a consensus recommendation of “Hold” from the thirty-three ratings firms that are currently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $41.73.
VIAB has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Viacom from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Thursday, July 13th. Jefferies Group LLC reiterated a “buy” rating and set a $52.00 price target on shares of Viacom in a research note on Thursday, August 3rd. UBS AG dropped their price target on shares of Viacom from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, August 4th. Barclays PLC set a $37.00 price target on shares of Viacom and gave the stock an “equal weight” rating in a research note on Friday, August 4th. Finally, ValuEngine lowered shares of Viacom from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd.
Several institutional investors have recently made changes to their positions in VIAB. FUKOKU MUTUAL LIFE INSURANCE Co increased 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 valued at $103,000 after buying an additional 300 shares during the last quarter. Fifth Third Bancorp increased 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 valued at $122,000 after buying an additional 225 shares during the last quarter. First Personal Financial Services increased 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 valued at $144,000 after buying an additional 2,805 shares during the last quarter. Whittier Trust Co. increased 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 valued at $149,000 after buying an additional 1,425 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in shares of Viacom during the second quarter valued at about $108,000. 77.96% of the stock is currently owned by institutional investors and hedge funds.
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Viacom (NASDAQ:VIAB) opened at 28.46 on Wednesday. The company’s 50-day moving average price is $33.12 and its 200 day moving average price is $38.41. The stock has a market capitalization of $11.45 billion, a P/E ratio of 7.83 and a beta of 1.57. Viacom has a 52-week low of $27.86 and a 52-week high of $46.72.
Viacom (NASDAQ:VIAB) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.29 billion. Viacom had a net margin of 11.04% and a return on equity of 30.89%. Viacom’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.05 earnings per share. On average, equities research analysts predict that Viacom will post $3.87 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Thursday, September 14th. Viacom’s payout ratio is 21.98%.
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.
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