Shares of Viacom Inc. (NASDAQ:VIAB) have been given an average recommendation of “Hold” by the thirty-four ratings firms that are covering the company, Marketbeat reports. Six analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $35.43.

A number of research analysts have recently commented on VIAB shares. B. Riley reiterated a “neutral” rating on shares of Viacom in a report on Wednesday, November 1st. Needham & Company LLC reiterated a “hold” rating on shares of Viacom in a report on Tuesday, September 12th. Wells Fargo & Company downgraded Viacom from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 5th. Jefferies Group reiterated a “buy” rating and issued a $43.00 price objective (down previously from $52.00) on shares of Viacom in a report on Wednesday, August 9th. Finally, BidaskClub downgraded Viacom from a “hold” rating to a “sell” rating in a report on Thursday, August 17th.

Viacom (NASDAQ:VIAB) traded down $0.10 during mid-day trading on Friday, reaching $28.32. The company’s stock had a trading volume of 8,296,100 shares, compared to its average volume of 5,133,018. The company has a quick ratio of 1.30, a current ratio of 1.55 and a debt-to-equity ratio of 1.81. The firm has a market cap of $11,560.00, a price-to-earnings ratio of 7.17, a P/E/G ratio of 0.95 and a beta of 1.53. Viacom has a 52 week low of $22.13 and a 52 week high of $46.72.

Viacom (NASDAQ:VIAB) last posted its quarterly earnings results on Thursday, November 16th. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.09). The company had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.23 billion. Viacom had a net margin of 14.13% and a return on equity of 28.95%. Viacom’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.54 EPS. equities analysts anticipate that Viacom will post 3.78 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.80 annualized dividend and a yield of 2.82%. Viacom’s dividend payout ratio is presently 17.17%.

Hedge funds have recently modified their holdings of the stock. Johnson Financial Group Inc. acquired a new position in Viacom during the second quarter worth $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 during 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 during the last quarter. Northwestern Mutual Wealth Management Co. increased its position 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 buying an additional 423 shares in the last quarter. Finally, Boston Private Wealth LLC increased its position in Viacom by 1.8% during the second quarter. Boston Private Wealth LLC now owns 6,093 shares of the company’s stock worth $205,000 after buying an additional 108 shares in the last quarter. 79.29% of the stock is owned by hedge funds and other institutional investors.

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About Viacom

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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