Several other analysts also recently commented on VIAB. Royal Bank Of Canada reaffirmed a sell rating on shares of Viacom in a report on Tuesday, May 31st. Vetr downgraded shares of Viacom from a sell rating to a strong sell rating and set a $39.00 target price for the company. in a report on Monday, May 30th. FBR & Co reaffirmed a buy rating on shares of Viacom in a report on Monday, June 20th. Brean Capital reaffirmed a hold rating on shares of Viacom in a report on Friday, August 5th. Finally, Zacks Investment Research downgraded shares of 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 given a buy rating to the company’s stock. Viacom currently has an average rating of Hold and an average target price of $44.09.
Shares of Viacom (NASDAQ:VIAB) traded down 0.1971% on Tuesday, hitting $35.4001. 153,993 shares of the stock were exchanged. Viacom has a one year low of $30.11 and a one year high of $53.35. The firm has a market capitalization of $14.04 billion, a PE ratio of 6.8143 and a beta of 1.43. The company has a 50-day moving average price of $39.68 and a 200-day moving average price of $41.38.
Viacom (NASDAQ:VIAB) last announced its earnings results on Thursday, August 4th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The business earned $3.11 billion during the quarter, compared to the consensus estimate of $3.01 billion. Viacom had a net margin of 15.85% and a return on equity of 46.74%. Viacom’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.47 EPS. Equities research analysts expect that Viacom will post $3.64 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 22nd will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, September 22nd. This represents a $0.80 annualized dividend and a yield of 2.26%. Viacom’s payout ratio is 15.41%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VIAB. Capital World Investors increased its position in Viacom by 19.3% in the second quarter. Capital World Investors now owns 16,729,443 shares of the company’s stock valued at $693,770,000 after buying an additional 2,710,443 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of Viacom by 42.7% in the second quarter. BlackRock Fund Advisors now owns 5,362,157 shares of the company’s stock valued at $222,369,000 after buying an additional 1,604,976 shares in the last quarter. AXA increased its stake in shares of Viacom by 380.4% in the first quarter. AXA now owns 1,969,784 shares of the company’s stock valued at $81,312,000 after buying an additional 1,559,774 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Viacom by 2.7% in the second quarter. Capital Research Global Investors now owns 42,454,768 shares of the company’s stock valued at $1,760,599,000 after buying an additional 1,118,815 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Viacom by 4.9% in the second quarter. Vanguard Group Inc. now owns 21,469,806 shares of the company’s stock valued at $890,352,000 after buying an additional 1,007,008 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.
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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