Viacom Inc. (VIAB) Rating Reiterated by Jefferies Group
Viacom Inc. (NASDAQ:VIAB)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Group in a note issued to investors on Tuesday. They currently have a $49.00 price target on the stock. Jefferies Group’s price objective would indicate a potential upside of 35.92% from the company’s previous close.
Several other research analysts also recently commented on VIAB. Royal Bank Of Canada reaffirmed a “sell” rating on shares of Viacom in a research note on Tuesday, May 31st. Vetr downgraded shares of Viacom from a “sell” rating to a “strong sell” rating and set a $39.00 price target on the stock. in a research note on Monday, May 30th. FBR & Co reaffirmed a “buy” rating on shares of Viacom in a research note on Monday, June 20th. Brean Capital reaffirmed a “hold” rating on shares of Viacom in a research note on Friday, August 5th. Finally, Zacks Investment Research downgraded shares of Viacom from a “hold” rating to a “sell” rating in a research note on Monday, June 13th. Four equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $45.03.
Viacom (NASDAQ:VIAB) opened at 36.05 on Tuesday. Viacom has a one year low of $30.11 and a one year high of $53.35. The firm has a market capitalization of $14.30 billion, a P/E ratio of 6.94 and a beta of 1.43. The stock’s 50 day moving average is $40.60 and its 200 day moving average is $41.47.
Viacom (NASDAQ:VIAB) last posted 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. The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.01 billion. Viacom had a net margin of 15.85% and a return on equity of 46.74%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.47 EPS. On average, equities research analysts predict that Viacom will post $3.91 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 22nd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Thursday, September 22nd. Viacom’s payout ratio is presently 30.83%.
A number of large investors have recently modified their holdings of the company. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Viacom during the second quarter valued at approximately $580,000. Kentucky Retirement Systems bought a new stake in shares of Viacom during the second quarter valued at approximately $1,222,000. Mason Street Advisors LLC bought a new stake in shares of Viacom during the second quarter valued at approximately $1,936,000. Tobam bought a new stake in shares of Viacom during the second quarter valued at approximately $6,415,000. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Viacom by 4.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,217,597 shares of the company’s stock valued at $50,494,000 after buying an additional 57,396 shares during the last quarter. 76.12% of the stock is owned by 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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