Viacom Inc. (VIAB) Given Consensus Rating of “Hold” by Brokerages
Viacom Inc. (NASDAQ:VIAB) has been given an average rating of “Hold” by the thirty-two analysts that are currently covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $39.25.
VIAB has been the subject of several research reports. Citigroup Inc. downgraded shares of Viacom from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $33.00 to $24.00 in a research note on Monday, October 9th. Wells Fargo & Company downgraded shares of Viacom from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 5th. BidaskClub downgraded shares of Viacom from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 5th. Zacks Investment Research upgraded shares of Viacom from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Thursday, July 13th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $52.00 price objective on shares of Viacom in a research note on Thursday, August 3rd.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Mercantile Trust Co. lifted its position in shares of Viacom by 1.6% in the second quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock worth $115,000 after purchasing an additional 54 shares in the last quarter. Wall Street Access Asset Management LLC lifted its position in shares of Viacom by 1.1% in the second quarter. Wall Street Access Asset Management LLC now owns 6,315 shares of the company’s stock worth $212,000 after purchasing an additional 70 shares in the last quarter. Cleararc Capital Inc. lifted its position in shares of Viacom by 0.9% in the first quarter. Cleararc Capital Inc. now owns 8,495 shares of the company’s stock worth $396,000 after purchasing an additional 72 shares in the last quarter. Boston Private Wealth LLC lifted its position in shares of Viacom by 1.8% in the second quarter. Boston Private Wealth LLC now owns 6,093 shares of the company’s stock worth $205,000 after purchasing an additional 108 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its position in shares of Viacom by 0.7% in the second quarter. Moors & Cabot Inc. now owns 20,990 shares of the company’s stock worth $703,000 after purchasing an additional 149 shares in the last quarter. 79.17% of the stock is owned by institutional investors and hedge funds.
Viacom (NASDAQ:VIAB) traded up 1.18% during trading on Thursday, hitting $26.57. 5,176,456 shares of the company were exchanged. The company has a market capitalization of $10.69 billion, a price-to-earnings ratio of 7.31 and a beta of 1.57. The company has a 50-day moving average of $27.44 and a 200-day moving average of $34.04. Viacom has a 12 month low of $23.45 and a 12 month high of $46.72.
Viacom (NASDAQ:VIAB) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.05 by $0.12. Viacom had a net margin of 11.04% and a return on equity of 30.89%. The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the prior year, the business posted $1.05 earnings per share. Viacom’s revenue for the quarter was up 8.3% compared to the same quarter last year. Analysts forecast that Viacom will post $3.85 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.01%. The ex-dividend date was Thursday, September 14th. Viacom’s payout ratio is 21.98%.
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.
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