Several other research firms also recently issued reports on VIAB. Pivotal Research restated a buy rating and set a $52.00 price objective on shares of Viacom in a report on Sunday, July 24th. Zacks Investment Research downgraded shares of Viacom from a hold rating to a strong sell rating in a report on Wednesday, July 13th. FBR & Co cut their price objective on shares of Viacom from $67.00 to $59.00 and set an outperform rating on the stock in a report on Tuesday, July 26th. Atlantic Securities upgraded shares of Viacom from an underweight rating to a neutral rating in a report on Friday, July 22nd. Finally, Wells Fargo & Co. downgraded shares of Viacom from a market perform rating to an underperform rating and upped their price objective for the company from $38.00 to $40.00 in a report on Monday, July 11th. Four investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $44.28.
Viacom (NASDAQ:VIAB) opened at 35.50 on Wednesday. The firm’s 50-day moving average is $40.14 and its 200 day moving average is $41.40. Viacom has a one year low of $30.11 and a one year high of $53.35. The stock has a market cap of $14.08 billion, a P/E ratio of 6.83 and a beta of 1.43.
Viacom (NASDAQ:VIAB) last announced its earnings results on Thursday, August 4th. The company reported $1.05 EPS for the quarter, topping the Zacks’ 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 the consensus estimate of $3.01 billion. During the same period in the previous year, the company posted $1.47 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. On average, analysts anticipate that Viacom will post $3.64 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 22nd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Thursday, September 22nd. Viacom’s payout ratio is 30.83%.
Several hedge funds have recently modified their holdings of the company. Capital World Investors increased its stake in shares of Viacom by 19.3% in the second quarter. Capital World Investors now owns 16,729,443 shares of the company’s stock worth $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 worth $222,369,000 after buying an additional 1,604,976 shares during 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 worth $81,312,000 after buying an additional 1,559,774 shares during 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 worth $1,760,599,000 after buying an additional 1,118,815 shares during 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 worth $890,352,000 after buying an additional 1,007,008 shares during 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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