Shares of Viacom, Inc. Class B (NASDAQ:VIAB) have been given an average recommendation of “Hold” by the twenty-nine brokerages that are covering the company, Marketbeat reports. Five analysts have rated the stock with a sell recommendation, eighteen have given a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $34.58.

A number of equities analysts have commented on VIAB shares. BidaskClub downgraded Viacom, Inc. Class B from a “sell” rating to a “strong sell” rating in a research note on Friday, July 20th. ValuEngine upgraded Viacom, Inc. Class B from a “strong sell” rating to a “sell” rating in a research note on Friday, May 11th. Pivotal Research upgraded Viacom, Inc. Class B from a “hold” rating to a “buy” rating and decreased their target price for the company from $34.00 to $32.00 in a research note on Tuesday, July 31st. They noted that the move was a valuation call. Cfra restated a “hold” rating and issued a $35.00 target price on shares of Viacom, Inc. Class B in a research note on Wednesday, June 27th. Finally, Imperial Capital started coverage on Viacom, Inc. Class B in a research note on Thursday, June 28th. They issued an “underperform” rating and a $26.00 target price for the company.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in Viacom, Inc. Class B by 4.5% during the second quarter. BlackRock Inc. now owns 25,401,036 shares of the company’s stock worth $766,096,000 after purchasing an additional 1,098,601 shares in the last quarter. Contrarius Investment Management Ltd raised its holdings in Viacom, Inc. Class B by 41.7% during the second quarter. Contrarius Investment Management Ltd now owns 4,488,513 shares of the company’s stock worth $135,374,000 after purchasing an additional 1,321,363 shares in the last quarter. Northern Trust Corp raised its holdings in Viacom, Inc. Class B by 2.0% during the first quarter. Northern Trust Corp now owns 4,357,108 shares of the company’s stock worth $135,332,000 after purchasing an additional 84,630 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Viacom, Inc. Class B by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,090,139 shares of the company’s stock worth $123,350,000 after purchasing an additional 150,514 shares in the last quarter. Finally, Iridian Asset Management LLC CT bought a new stake in Viacom, Inc. Class B during the first quarter worth approximately $114,756,000. 78.39% of the stock is currently owned by institutional investors.

Viacom, Inc. Class B remained flat at $$30.34 during mid-day trading on Thursday, Marketbeat reports. The company had a trading volume of 2,271,224 shares, compared to its average volume of 2,963,571. The firm has a market capitalization of $12.21 billion, a P/E ratio of 7.78, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. Viacom, Inc. Class B has a fifty-two week low of $22.13 and a fifty-two week high of $35.55. The company has a quick ratio of 1.24, a current ratio of 1.69 and a debt-to-equity ratio of 1.42.

Viacom, Inc. Class B (NASDAQ:VIAB) last posted its quarterly earnings results on Thursday, August 9th. The company reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.11. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.27 billion. Viacom, Inc. Class B had a return on equity of 23.53% and a net margin of 15.65%. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period last year, the firm earned $1.17 earnings per share. analysts expect that Viacom, Inc. Class B will post 4.08 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Monday, September 17th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, September 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.64%. Viacom, Inc. Class B’s dividend payout ratio (DPR) is presently 21.22%.

About Viacom, Inc. Class B

Viacom, Inc operates media brands that create entertainment content worldwide. The company creates television programs, motion pictures, short-form content, games, consumer products, podcasts, live events, and social media experiences. It operates through two segments, Media Networks and Filmed Entertainment.

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Analyst Recommendations for Viacom, Inc. Class B (NASDAQ:VIAB)

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