Viacom Inc. (NASDAQ:VIAB) has been given a consensus rating of “Hold” by the thirty-four research firms that are presently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $42.00.

VIAB has been the subject of several research analyst reports. Zacks Investment Research raised shares of Viacom from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Thursday, July 13th. Jefferies Group LLC reaffirmed a “buy” rating and set a $52.00 target price on shares of Viacom in a research note on Thursday, August 3rd. UBS AG lowered their target price on shares of Viacom from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, August 4th. Barclays PLC set a $37.00 target price on shares of Viacom and gave the stock an “equal weight” rating in a research note on Friday, August 4th. Finally, BidaskClub raised shares of Viacom from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st.

Hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp raised its holdings in Viacom by 9.4% during the first quarter. Fifth Third Bancorp now owns 2,616 shares of the company’s stock worth $122,000 after purchasing an additional 225 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in Viacom during the second quarter worth approximately $108,000. First Personal Financial Services raised its holdings in Viacom by 5.9% during the second quarter. First Personal Financial Services now owns 3,268 shares of the company’s stock worth $110,000 after purchasing an additional 182 shares in the last quarter. First Mercantile Trust Co. raised its holdings in Viacom by 1.6% during the second quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock worth $115,000 after purchasing an additional 54 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Viacom by 13.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,686 shares of the company’s stock worth $124,000 after purchasing an additional 423 shares in the last quarter. 79.17% of the stock is currently owned by institutional investors.

Shares of Viacom (NASDAQ VIAB) opened at 27.67 on Friday. The company has a market cap of $11.13 billion, a price-to-earnings ratio of 7.61 and a beta of 1.59. Viacom has a one year low of $26.65 and a one year high of $46.72. The company’s 50-day moving average is $29.74 and its 200-day moving average is $36.52.

Viacom (NASDAQ:VIAB) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.12. The firm had revenue of $3.36 billion during 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 quarter in the prior year, the firm posted $1.05 earnings per share. On average, equities analysts predict that Viacom will post $3.87 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.89%. Viacom’s payout ratio is currently 21.98%.

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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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