Viacom Inc. (VIAB) Receives Hold Rating from KeyCorp
A number of other brokerages have also recently issued reports on VIAB. Piper Jaffray Companies reissued a hold rating and issued a $40.00 target price on shares of Viacom in a research report on Tuesday, September 26th. Wells Fargo & Company cut shares of Viacom from an outperform rating to a market perform rating in a research report on Tuesday, September 5th. Barclays PLC set a $37.00 price objective on shares of Viacom and gave the stock an equal weight rating in a research report on Friday, August 4th. Jefferies Group LLC reaffirmed a buy rating and set a $43.00 price objective (down previously from $52.00) on shares of Viacom in a research report on Wednesday, August 9th. Finally, Loop Capital cut their price objective on shares of Viacom from $32.00 to $27.00 and set a hold rating for the company in a research report on Friday, November 17th. Six analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have given a buy rating to the company. The stock has an average rating of Hold and an average price target of $36.62.
Shares of Viacom (VIAB) opened at $26.29 on Friday. The stock has a market cap of $10,729.33, a PE ratio of 7.08, a PEG ratio of 0.93 and a beta of 1.54. Viacom has a 52-week low of $22.13 and a 52-week high of $46.72. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.55 and a quick ratio of 1.30.
Viacom (NASDAQ:VIAB) last announced its earnings results on Thursday, November 16th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.09). The business had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.23 billion. Viacom had a net margin of 14.13% and a return on equity of 28.95%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.54 EPS. sell-side analysts forecast that Viacom will post 3.8 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.04%. Viacom’s dividend payout ratio (DPR) is currently 17.13%.
Hedge funds have recently bought and sold shares of the company. First Mercantile Trust Co. increased its stake 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 valued at $115,000 after buying an additional 54 shares during the period. Wall Street Access Asset Management LLC increased its stake 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 valued at $212,000 after buying an additional 70 shares during the period. Boston Private Wealth LLC increased its stake 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 valued at $205,000 after buying an additional 108 shares during the period. Moors & Cabot Inc. increased its stake in shares of Viacom by 0.7% in the second quarter. Moors & Cabot Inc. now owns 20,990 shares of the company’s stock valued at $703,000 after buying an additional 149 shares during the period. Finally, Capital Guardian Trust Co. increased its stake in shares of Viacom by 2.7% in the second quarter. Capital Guardian Trust Co. now owns 6,460 shares of the company’s stock valued at $217,000 after buying an additional 168 shares during the period. 76.33% of the stock is owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: This article was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this article can be viewed at https://www.watchlistnews.com/viacom-inc-viab-receives-hold-rating-from-keycorp/1725684.html.
Viacom Company Profile
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 Analyst Ratings Network's FREE daily email newsletter.