A number of other research firms have also recently commented on VIAB. Deutsche Bank AG reissued a hold rating and set a $39.00 price target (up from $36.00) on shares of Viacom in a report on Tuesday, June 21st. Jefferies Group reaffirmed a buy rating and issued a $49.00 target price on shares of Viacom in a report on Tuesday, September 20th. Pivotal Research cut Viacom from a buy rating to a hold rating and reduced their target price for the stock from $52.00 to $47.00 in a report on Thursday, August 4th. FBR & Co reaffirmed an outperform rating and issued a $57.00 target price on shares of Viacom in a report on Tuesday, August 23rd. Finally, Wunderlich reaffirmed a buy rating and issued a $87.00 target price on shares of Viacom in a report on Friday, June 17th. Three equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $43.99.
Viacom (NASDAQ:VIAB) opened at 36.14 on Thursday. The firm’s 50-day moving average price is $37.27 and its 200-day moving average price is $40.96. Viacom has a 52-week low of $30.11 and a 52-week high of $53.35. The company has a market cap of $14.34 billion, a price-to-earnings ratio of 6.96 and a beta of 1.33.
Viacom (NASDAQ:VIAB) last posted its quarterly earnings results on Thursday, August 4th. The company reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.04. The business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Viacom had a return on equity of 46.74% and a net margin of 15.85%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm earned $1.47 earnings per share. On average, equities analysts anticipate that Viacom will post $3.64 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 22nd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend was Thursday, September 22nd. Viacom’s dividend payout ratio (DPR) is presently 15.41%.
Large investors have recently made changes to their positions in the stock. First New York Securities LLC NY raised its stake in shares of Viacom by 440.0% in the third quarter. First New York Securities LLC NY now owns 2,700 shares of the company’s stock worth $103,000 after buying an additional 2,200 shares during the period. Callahan Advisors LLC raised its stake in Viacom by 94.1% in the third quarter. Callahan Advisors LLC now owns 40,575 shares of the company’s stock valued at $1,546,000 after buying an additional 19,675 shares during the last quarter. National Pension Service raised its stake in Viacom by 9.2% in the third quarter. National Pension Service now owns 279,312 shares of the company’s stock valued at $10,642,000 after buying an additional 23,629 shares during the last quarter. Cohen Capital Management Inc. raised its stake in Viacom by 2.1% in the third quarter. Cohen Capital Management Inc. now owns 69,285 shares of the company’s stock valued at $2,640,000 after buying an additional 1,400 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in Viacom by 3.9% in the third quarter. Nisa Investment Advisors LLC now owns 183,444 shares of the company’s stock valued at $6,989,000 after buying an additional 6,880 shares during the last quarter. 76.17% of the stock is currently 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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