Stifel Nicolaus lowered shares of Viacom Inc. (NASDAQ:VIAB) from a buy rating to a hold rating in a research report released on Monday morning. They currently have $38.00 target price on the stock, down from their previous target price of $49.00. The analysts noted that the move was a valuation call.

Several other analysts have also recently commented on the company. Brean Capital upgraded Viacom from a hold rating to a buy rating and set a $44.00 target price on the stock in a report on Tuesday, September 13th. Jefferies Group restated a buy rating on shares of Viacom in a report on Monday, September 12th. Telsey Advisory Group cut Viacom from an outperform rating to a market perform rating and decreased their target price for the stock from $51.00 to $47.00 in a report on Friday, August 26th. FBR & Co restated an outperform rating and set a $57.00 target price on shares of Viacom in a report on Tuesday, August 23rd. Finally, BMO Capital Markets restated a market perform rating and set a $40.00 target price on shares of Viacom in a report on Tuesday, August 23rd. Four investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and ten have issued a buy rating to the company. The company has an average rating of Hold and an average target price of $44.28.

Shares of Viacom (NASDAQ:VIAB) opened at 35.82 on Monday. The firm has a market cap of $14.21 billion, a P/E ratio of 6.90 and a beta of 1.43. The firm’s 50-day moving average price is $40.37 and its 200 day moving average price is $41.43. Viacom has a 12-month low of $30.11 and a 12-month high of $53.35.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 22nd will be paid 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 dividend payout ratio (DPR) is presently 30.83%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Pinkerton Retirement Specialists LLC purchased a new stake in Viacom during the second quarter valued at about $131,000. First Mercantile Trust Co. bought a new position in shares of Viacom during the second quarter valued at $135,000. Hussman Strategic Advisors Inc. bought a new position in shares of Viacom during the second quarter valued at $137,000. Smithfield Trust Co. bought a new position in shares of Viacom during the second quarter valued at $141,000. Finally, IFP Advisors Inc boosted its position in shares of Viacom by 7.1% in the first quarter. IFP Advisors Inc now owns 3,964 shares of the company’s stock valued at $164,000 after buying an additional 264 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Viacom Company Profile

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.

5 Day Chart for NASDAQ:VIAB

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