Loop Capital reaffirmed their hold rating on shares of Viacom Inc. (NASDAQ:VIAB) in a research report sent to investors on Friday morning. The brokerage currently has a $39.00 price objective on the stock, down from their prior price objective of $41.00.
Several other brokerages have also commented on VIAB. Pivotal Research reiterated a buy rating and set a $52.00 price target on shares of Viacom in a research note on Sunday, July 24th. Zacks Investment Research lowered shares of Viacom from a hold rating to a strong sell rating in a research note on Wednesday, July 13th. FBR & Co dropped their price objective on shares of Viacom from $67.00 to $59.00 and set an outperform rating on the stock in a research note on Tuesday, July 26th. Atlantic Securities upgraded shares of Viacom from an underweight rating to a neutral rating in a research note on Friday, July 22nd. Finally, Wunderlich restated a buy rating on shares of Viacom in a research note on Sunday, July 10th. Four equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and ten have assigned a buy rating to the stock. Viacom currently has a consensus rating of Hold and an average price target of $43.80.
Viacom (NASDAQ:VIAB) opened at 37.58 on Friday. Viacom has a 52-week low of $30.11 and a 52-week high of $53.35. The firm has a market cap of $14.91 billion, a P/E ratio of 7.23 and a beta of 1.33. The company’s 50 day moving average is $38.98 and its 200 day moving average is $41.28.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Thursday, August 4th. The company reported $1.05 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period last year, the business earned $1.47 EPS. Viacom’s revenue for the quarter was up 1.6% compared to the same quarter last year. Equities research analysts forecast that Viacom will post $3.64 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 22nd were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, September 22nd. This represents a $0.80 annualized dividend and a yield of 2.13%. Viacom’s dividend payout ratio is currently 15.41%.
A number of large investors have recently added to or reduced their stakes in VIAB. Columbia Partners L L C Investment Management increased its stake in Viacom by 18.3% in the first quarter. Columbia Partners L L C Investment Management now owns 24,377 shares of the company’s stock valued at $1,006,000 after buying an additional 3,764 shares in the last quarter. Sentry Investment Management LLC increased its stake in Viacom by 45.1% in the first quarter. Sentry Investment Management LLC now owns 21,211 shares of the company’s stock valued at $876,000 after buying an additional 6,596 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Viacom by 4.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 11,026,497 shares of the company’s stock valued at $455,174,000 after buying an additional 450,834 shares in the last quarter. FDO Partners LLC acquired a new stake in Viacom during the first quarter valued at about $532,000. Finally, Connable Office Inc. acquired a new stake in Viacom during the first quarter valued at about $1,402,000. 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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