Barclays PLC restated their overweight rating on shares of Viacom Inc. (NASDAQ:VIAB) in a research report report published on Monday. The brokerage currently has a $46.00 price objective on the stock, down from their prior price objective of $48.00.
VIAB has been the subject of several other reports. Brean Capital reiterated a hold rating on shares of Viacom in a research report on Thursday, September 8th. Vetr raised shares of Viacom from a sell rating to a hold rating and set a $42.50 price target on the stock in a research note on Tuesday, August 2nd. Jefferies Group reissued a buy rating on shares of Viacom in a research note on Thursday, August 11th. Wunderlich reissued a buy rating on shares of Viacom in a research note on Sunday, July 10th. Finally, Wedbush decreased their price target on shares of Viacom from $46.00 to $44.00 and set a neutral rating on the stock in a research note on Thursday, July 7th. Four analysts have rated the stock with a sell rating, twenty-two have given a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $44.09.
Viacom (NASDAQ:VIAB) opened at 36.56 on Monday. The company’s 50-day moving average is $39.52 and its 200 day moving average is $41.35. The company has a market capitalization of $14.50 billion, a price-to-earnings ratio of 7.04 and a beta of 1.43. Viacom has a 52 week low of $30.11 and a 52 week high of $53.35.
Viacom (NASDAQ:VIAB) last announced its earnings results on Thursday, August 4th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. Viacom had a net margin of 15.85% and a return on equity of 46.74%. The business earned $3.11 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period in the previous year, the business posted $1.47 earnings per share. Viacom’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, analysts forecast that Viacom will post $3.64 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 22nd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Thursday, September 22nd. Viacom’s payout ratio is currently 15.41%.
Several large investors have recently added to or reduced their stakes in VIAB. Pinkerton Retirement Specialists LLC acquired a new stake in Viacom during the second quarter valued at approximately $131,000. First Mercantile Trust Co. purchased a new stake in Viacom during the second quarter valued at about $135,000. Hussman Strategic Advisors Inc. purchased a new stake in Viacom during the second quarter valued at about $137,000. Smithfield Trust Co. purchased a new stake in Viacom during the second quarter valued at about $141,000. Finally, IFP Advisors Inc raised its stake in Viacom by 7.1% in the first quarter. IFP Advisors Inc now owns 3,964 shares of the company’s stock valued at $164,000 after buying an additional 264 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.
Viacom Inc (Viacom) is an entertainment content company that connects with audiences in over 160 countries and territories and creates compelling television programs, motion pictures, short-form video, applications, games, consumer products, social media and other entertainment content. The Company operates through two segments: Media Networks and Filmed Entertainment.
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