A number of other equities analysts also recently issued reports on the company. Jefferies Group LLC restated a buy rating and set a $52.00 price objective on shares of Viacom in a research report on Saturday, March 11th. Needham & Company LLC restated a hold rating on shares of Viacom in a research report on Thursday, February 16th. Instinet restated a neutral rating and set a $45.00 price objective (up from $40.00) on shares of Viacom in a research report on Thursday, February 16th. FBR & Co restated a hold rating and set a $45.00 price objective on shares of Viacom in a research report on Tuesday, February 14th. Finally, Bank of America Corp raised their price objective on Viacom from $44.00 to $52.00 and gave the stock a buy rating in a research report on Friday, February 10th. Three research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $44.10.
Viacom (NASDAQ:VIAB) opened at 44.31 on Wednesday. Viacom has a 52-week low of $33.94 and a 52-week high of $46.69. The firm has a market cap of $17.59 billion, a P/E ratio of 12.71 and a beta of 1.33. The firm’s 50-day moving average price is $43.39 and its 200-day moving average price is $38.94.
Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Thursday, February 9th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.20. Viacom had a return on equity of 33.25% and a net margin of 10.94%. The company earned $3.32 billion during the quarter, compared to the consensus estimate of $3.18 billion. During the same period last year, the company earned $1.18 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. Equities research analysts expect that Viacom will post $3.84 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Wednesday, March 15th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, March 13th. This represents a $0.80 annualized dividend and a dividend yield of 1.81%. Viacom’s payout ratio is 22.92%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital World Investors boosted its position in shares of Viacom by 47.4% in the third quarter. Capital World Investors now owns 24,658,133 shares of the company’s stock valued at $939,475,000 after buying an additional 7,928,690 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Viacom during the third quarter valued at about $150,310,000. Norges Bank bought a new position in shares of Viacom during the fourth quarter valued at about $113,821,000. Jana Partners LLC bought a new position in shares of Viacom during the third quarter valued at about $105,338,000. Finally, York Capital Management Global Advisors LLC bought a new position in shares of Viacom during the third quarter valued at about $43,272,000. 76.82% of the stock is currently owned by institutional investors.
Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.
Receive News & Ratings for Viacom Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom Inc. and related companies with MarketBeat.com's FREE daily email newsletter.