Other analysts have also recently issued research reports about the company. Vetr cut Viacom from a sell rating to a strong sell rating and set a $39.00 target price on the stock. in a report on Monday, May 30th. Royal Bank Of Canada restated a sell rating on shares of Viacom in a report on Tuesday, May 31st. Jefferies Group restated a buy rating on shares of Viacom in a report on Friday, June 10th. JPMorgan Chase & Co. restated a buy rating on shares of Viacom in a report on Friday, June 10th. Finally, Zacks Investment Research cut Viacom from a hold rating to a sell rating in a report on Monday, June 13th. Four research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and ten have issued a buy rating to the stock. Viacom currently has a consensus rating of Hold and a consensus price target of $44.09.
Shares of Viacom (NASDAQ:VIAB) opened at 35.47 on Thursday. The company has a market capitalization of $14.07 billion, a PE ratio of 6.83 and a beta of 1.43. Viacom has a 52 week low of $30.11 and a 52 week high of $53.35. The company’s 50 day moving average is $39.68 and its 200-day moving average is $41.38.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Thursday, August 4th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. Viacom had a return on equity of 46.74% and a net margin of 15.85%. The firm had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the prior year, the business posted $1.47 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. On average, analysts expect that Viacom will post $3.64 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 22nd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a $0.80 annualized dividend and a yield of 2.26%. Viacom’s payout ratio is currently 15.41%.
A number of hedge funds have recently added to or reduced their stakes in VIAB. Pinkerton Retirement Specialists LLC purchased a new stake in Viacom during the second quarter valued at $131,000. First Mercantile Trust Co. purchased a new stake in Viacom during the second quarter valued at $135,000. Hussman Strategic Advisors Inc. purchased a new stake in Viacom during the second quarter valued at $137,000. Smithfield Trust Co. purchased a new stake in Viacom during the second quarter valued at $141,000. Finally, IFP Advisors Inc boosted 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 during the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.
Viacom Company Profile
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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