Viacom Inc. (NASDAQ:VIAB) was upgraded by equities research analysts at Wedbush from a “neutral” rating to an “outperform” rating in a research note issued on Monday. The firm presently has a $46.00 price target on the stock, up from their prior price target of $40.00. Wedbush’s price objective would indicate a potential upside of 27.28% from the stock’s current price.
Several other analysts have also recently issued reports on VIAB. Moffett Nathanson reaffirmed a “neutral” rating and issued a $47.00 price target on shares of Viacom in a report on Tuesday, June 21st. Deutsche Bank AG reiterated a “hold” rating and set a $39.00 target price (up previously from $36.00) on shares of Viacom in a research note on Tuesday, June 21st. FBR & Co reiterated a “buy” rating on shares of Viacom in a research note on Monday, June 20th. Nomura initiated coverage on shares of Viacom in a research note on Wednesday, June 22nd. They set a “hold” rating for the company. Finally, Jefferies Group reiterated a “buy” rating and set a $49.00 target price on shares of Viacom in a research note on Thursday, June 23rd. Three research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and twelve have issued a buy rating to the company. Viacom presently has a consensus rating of “Hold” and an average target price of $43.99.
Shares of Viacom (NASDAQ:VIAB) opened at 36.14 on Monday. The stock’s 50 day moving average is $37.27 and its 200-day moving average is $40.96. Viacom has a 1-year low of $30.11 and a 1-year high of $53.35. The stock has a market cap of $14.34 billion, a PE 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. The firm had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Viacom had a net margin of 15.85% and a return on equity of 46.74%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.47 earnings per share. On average, analysts predict that Viacom will post $3.64 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 22nd were given a $0.20 dividend. 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 15.41%.
Several hedge funds have recently bought and sold shares of the company. First New York Securities LLC NY raised its stake in 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 worth $1,546,000 after buying an additional 19,675 shares during the period. 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 worth $10,642,000 after buying an additional 23,629 shares during the period. 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 worth $2,640,000 after buying an additional 1,400 shares during the period. 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 worth $6,989,000 after buying an additional 6,880 shares during the period. 76.17% 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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