Viacom Inc. (NASDAQ:VIAB) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.65-0.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.90.

A number of research analysts have weighed in on the company. Royal Bank Of Canada reissued a sell rating on shares of Viacom in a report on Tuesday, May 31st. Vetr downgraded Viacom from a sell rating to a strong sell rating and set a $39.00 target price on the stock. in a report on Monday, May 30th. Wells Fargo & Co. reissued an underperform rating and issued a $35.00 target price on shares of Viacom in a report on Thursday. FBR & Co reissued a buy rating on shares of Viacom in a report on Monday, June 20th. Finally, Brean Capital reissued a hold rating on shares of Viacom in a report on Friday, August 5th. Four investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $44.28.

Viacom Inc. (NASDAQ:VIAB) opened at 35.82 on Friday. Viacom Inc. has a 52-week low of $30.11 and a 52-week high of $53.35. The stock has a 50 day moving average price of $40.37 and a 200 day moving average price of $41.43. The company has a market capitalization of $14.21 billion, a price-to-earnings ratio of 6.90 and a beta of 1.43.

Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Thursday, August 4th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. The company earned $3.11 billion during the quarter, compared to analyst estimates of $3.01 billion. Viacom had a return on equity of 46.74% and a net margin of 15.85%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.47 earnings per share. On average, equities analysts expect that Viacom Inc. will post $3.84 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 22nd will be given a $0.20 dividend. The ex-dividend date is Thursday, September 22nd. This represents a $0.80 annualized dividend and a yield of 2.23%. Viacom’s payout ratio is 30.83%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Pinkerton Retirement Specialists LLC acquired a new position in shares of Viacom during the second quarter valued at $131,000. Clinton Group Inc. acquired a new position in shares of Viacom during the second quarter valued at $209,000. Argent Trust Co raised its position in shares of Viacom by 5.9% in the second quarter. Argent Trust Co now owns 6,576 shares of the company’s stock valued at $273,000 after buying an additional 364 shares during the last quarter. Ingalls & Snyder LLC acquired a new position in shares of Viacom during the second quarter valued at $291,000. Finally, Meiji Yasuda Life Insurance Co raised its position in shares of Viacom by 21.9% in the second quarter. Meiji Yasuda Life Insurance Co now owns 10,130 shares of the company’s stock valued at $420,000 after buying an additional 1,820 shares during the last quarter. Institutional investors own 76.12% of the company’s stock.

About Viacom

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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