Shares of Viacom, Inc. (NASDAQ:VIAB) have received a consensus recommendation of “Hold” from the thirty-three analysts that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a sell recommendation, eighteen have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $33.86.
A number of equities research analysts have recently commented on VIAB shares. Credit Suisse Group set a $38.00 price target on shares of Viacom and gave the stock a “buy” rating in a report on Wednesday, November 1st. Guggenheim reiterated a “buy” rating and set a $37.00 price target (down from $40.00) on shares of Viacom in a report on Friday, October 6th. Bank of America lowered their price target on shares of Viacom from $44.00 to $39.00 and set a “buy” rating for the company in a report on Friday, November 17th. UBS Group lowered their target price on shares of Viacom from $41.00 to $38.00 and set a “buy” rating for the company in a report on Friday, November 17th. Finally, ValuEngine upgraded shares of Viacom from a “hold” rating to a “buy” rating in a report on Friday, December 1st.
A number of hedge funds have recently made changes to their positions in VIAB. Northwestern Mutual Wealth Management Co. lifted its position in shares of 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. Wall Street Access Asset Management LLC lifted its position in shares of Viacom by 1.1% during the second quarter. Wall Street Access Asset Management LLC now owns 6,315 shares of the company’s stock worth $212,000 after purchasing an additional 70 shares in the last quarter. Capital Guardian Trust Co. lifted its position in shares of Viacom by 2.7% during the second quarter. Capital Guardian Trust Co. now owns 6,460 shares of the company’s stock worth $217,000 after purchasing an additional 168 shares in the last quarter. Marathon Trading Investment Management LLC acquired a new position in shares of Viacom during the third quarter worth $237,000. Finally, IFM Investors Pty Ltd acquired a new position in shares of Viacom during the third quarter worth $269,000. 79.19% of the stock is currently owned by hedge funds and other institutional investors.
Viacom (NASDAQ:VIAB) last issued its quarterly earnings results on Thursday, November 16th. The company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.09). The firm had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.23 billion. Viacom had a return on equity of 28.95% and a net margin of 14.13%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.54 earnings per share. research analysts predict that Viacom will post 3.82 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.40%. Viacom’s dividend payout ratio (DPR) is 17.17%.
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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