Several other analysts have also recently issued reports on VIAB. Royal Bank Of Canada reaffirmed a sell rating on shares of Viacom in a research report on Tuesday, May 31st. Vetr cut Viacom from a sell rating to a strong sell rating and set a $39.00 price objective for the company. in a research report on Monday, May 30th. FBR & Co reissued a buy rating on shares of Viacom in a research report on Monday, June 20th. Brean Capital reissued a hold rating on shares of Viacom in a research report on Friday, August 5th. Finally, Zacks Investment Research cut Viacom from a hold rating to a sell rating in a research report on Monday, June 13th. Four research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $44.09.
Viacom (NASDAQ:VIAB) opened at 35.47 on Thursday. The company has a market cap of $14.07 billion, a P/E ratio of 6.83 and a beta of 1.43. The stock’s 50 day moving average price is $39.68 and its 200 day moving average price is $41.38. Viacom has a 1-year low of $30.11 and a 1-year high of $53.35.
Viacom (NASDAQ:VIAB) last announced its 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 business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Viacom had a return on equity of 46.74% and a net margin of 15.85%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.47 EPS. On average, equities analysts anticipate that Viacom will post $3.64 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders 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 2.26%. The ex-dividend date of this dividend is Thursday, September 22nd. Viacom’s dividend payout ratio is currently 15.41%.
Hedge funds have recently bought and sold shares of the company. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Viacom during the second quarter worth $580,000. Kentucky Retirement Systems bought a new stake in Viacom during the second quarter worth $1,222,000. Mason Street Advisors LLC bought a new stake in Viacom during the second quarter worth $1,936,000. Tobam bought a new stake in Viacom during the second quarter worth $6,415,000. Finally, Schwab Charles Investment Management Inc. raised its stake in Viacom by 4.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,217,597 shares of the company’s stock worth $50,494,000 after buying an additional 57,396 shares in the last quarter. 76.12% of the stock is currently 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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