Viacom Inc. (VIAB) Given Average Recommendation of “Hold” by Analysts
Viacom Inc. (NASDAQ:VIAB) has received a consensus recommendation of “Hold” from the thirty-two research firms that are presently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $40.11.
Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada restated an “underperform” rating and issued a $30.00 price objective (down previously from $35.00) on shares of Viacom in a research note on Wednesday, August 9th. BMO Capital Markets restated a “market perform” rating and issued a $35.00 price objective (down previously from $42.00) on shares of Viacom in a research note on Wednesday, August 9th. Jefferies Group LLC restated a “buy” rating and issued a $43.00 price objective (down previously from $52.00) on shares of Viacom in a research note on Wednesday, August 9th. Piper Jaffray Companies restated a “hold” rating and issued a $40.00 price objective on shares of Viacom in a research note on Tuesday, September 26th. Finally, Guggenheim downgraded shares of Viacom from a “buy” rating to a “neutral” rating in a research note on Thursday.
Several institutional investors have recently added to or reduced their stakes in VIAB. Ameriprise Financial Inc. raised its holdings in shares of Viacom by 37.5% in the first quarter. Ameriprise Financial Inc. now owns 178,233 shares of the company’s stock valued at $8,316,000 after buying an additional 48,608 shares during the last quarter. Blair William & Co. IL raised its holdings in shares of Viacom by 7.9% in the first quarter. Blair William & Co. IL now owns 7,347 shares of the company’s stock valued at $320,000 after buying an additional 538 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Viacom by 1.8% in the first quarter. Principal Financial Group Inc. now owns 540,746 shares of the company’s stock valued at $25,210,000 after buying an additional 9,822 shares during the last quarter. Teachers Advisors LLC raised its holdings in shares of Viacom by 38.9% in the first quarter. Teachers Advisors LLC now owns 2,801,637 shares of the company’s stock valued at $130,612,000 after buying an additional 784,230 shares during the last quarter. Finally, Ngam Advisors L.P. raised its holdings in shares of Viacom by 4.3% in the first quarter. Ngam Advisors L.P. now owns 17,433 shares of the company’s stock valued at $813,000 after buying an additional 720 shares during the last quarter. 79.18% of the stock is owned by institutional investors and hedge funds.
Shares of Viacom (VIAB) opened at 25.21 on Thursday. The firm has a market capitalization of $10.14 billion, a PE ratio of 6.94 and a beta of 1.57. The company has a 50-day moving average of $27.68 and a 200 day moving average of $34.40. Viacom has a 12-month low of $25.13 and a 12-month high of $46.72.
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, topping the consensus estimate of $1.05 by $0.12. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate 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 last year, the company posted $1.05 earnings per share. On average, analysts predict that Viacom will post $3.85 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were issued a $0.20 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.17%. Viacom’s dividend payout ratio is 21.98%.
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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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