A number of other equities analysts have also recently commented on VIAB. Jefferies Group reissued a buy rating on shares of Viacom in a report on Friday, June 10th. JPMorgan Chase & Co. reissued a buy rating on shares of Viacom in a report on Friday, June 10th. Zacks Investment Research cut Viacom from a hold rating to a sell rating in a report on Monday, June 13th. BTIG Research raised Viacom from a neutral rating to a buy rating and set a $55.00 target price for the company in a report on Thursday, June 16th. Finally, Royal Bank Of Canada raised Viacom from an underperform rating to a sector perform rating and increased their target price for the company from $34.00 to $45.00 in a report on Friday, June 17th. Four equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Viacom currently has a consensus rating of Hold and an average target price of $43.80.
Shares of Viacom (NASDAQ:VIAB) opened at 36.26 on Wednesday. Viacom has a 52 week low of $30.11 and a 52 week high of $53.35. The company has a market capitalization of $14.38 billion, a PE ratio of 6.98 and a beta of 1.33. The company has a 50-day moving average price of $38.23 and a 200-day moving average price of $41.18.
Viacom (NASDAQ:VIAB) last announced its earnings results on Thursday, August 4th. The company reported $1.05 EPS 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 business earned $3.11 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the prior year, the firm earned $1.47 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. Analysts predict that Viacom will post $3.64 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 22nd were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Thursday, September 22nd. Viacom’s payout ratio is 15.41%.
Several institutional investors have recently added to or reduced their stakes in the company. Credit Agricole S A raised its position in Viacom by 20.3% in the first quarter. Credit Agricole S A now owns 171,646 shares of the company’s stock worth $7,085,000 after buying an additional 28,971 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. bought a new position in Viacom during the first quarter worth about $382,000. Wunderlich Capital Managemnt raised its position in Viacom by 1.7% in the first quarter. Wunderlich Capital Managemnt now owns 33,204 shares of the company’s stock worth $1,371,000 after buying an additional 566 shares in the last quarter. M&T Bank Corp raised its position in Viacom by 12.9% in the first quarter. M&T Bank Corp now owns 553,612 shares of the company’s stock worth $22,852,000 after buying an additional 63,195 shares in the last quarter. Finally, Royce & Associates LP raised its position in Viacom by 18.5% in the first quarter. Royce & Associates LP now owns 186,000 shares of the company’s stock worth $7,678,000 after buying an additional 29,000 shares in the last quarter. 76.12% 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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