Viacom Inc. (VIAB) Downgraded by Stifel Nicolaus
Stifel Nicolaus lowered shares of Viacom Inc. (NASDAQ:VIAB) from a buy rating to a hold rating in a research note published on Monday morning. They currently have $38.00 price objective on the stock, down from their prior price objective of $49.00. The analysts noted that the move was a valuation call.
A number of other equities research analysts also recently commented on the stock. Brean Capital raised shares of Viacom from a hold rating to a buy rating and set a $44.00 price objective on the stock in a research report on Tuesday, September 13th. Pivotal Research reissued a buy rating and issued a $52.00 price objective on shares of Viacom in a research report on Sunday, July 24th. Vetr downgraded shares of Viacom from a buy rating to a hold rating and set a $44.78 price objective on the stock. in a research report on Wednesday, August 17th. FBR & Co dropped their price objective on shares of Viacom from $67.00 to $59.00 and set an outperform rating on the stock in a research report on Tuesday, July 26th. Finally, Wells Fargo & Co. downgraded shares of Viacom from a market perform rating to an underperform rating and increased their price objective for the company from $38.00 to $40.00 in a research report on Monday, July 11th. Four investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and ten have assigned a buy rating to the company’s stock. Viacom presently has a consensus rating of Hold and an average price target of $44.28.
Shares of Viacom (NASDAQ:VIAB) opened at 35.82 on Monday. The firm has a market capitalization of $14.21 billion, a P/E ratio of 6.90 and a beta of 1.43. Viacom has a 1-year low of $30.11 and a 1-year high of $53.35. The stock’s 50 day moving average is $40.37 and its 200 day moving average is $41.43.
Viacom (NASDAQ:VIAB) last released its quarterly earnings results on Thursday, August 4th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The business had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.01 billion. Viacom had a net margin of 15.85% and a return on equity of 46.74%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.47 EPS. Equities analysts predict that Viacom will post $3.84 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 22nd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Thursday, September 22nd. Viacom’s dividend payout ratio (DPR) is presently 30.83%.
A number of large investors have recently modified their holdings of the company. Pinkerton Retirement Specialists LLC acquired a new stake in shares of Viacom during the second quarter valued at approximately $131,000. First Mercantile Trust Co. acquired a new stake in shares of Viacom during the second quarter valued at approximately $135,000. Hussman Strategic Advisors Inc. acquired a new stake in shares of Viacom during the second quarter valued at approximately $137,000. Smithfield Trust Co. acquired a new stake in shares of Viacom during the second quarter valued at approximately $141,000. Finally, IFP Advisors Inc boosted its stake 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 during the period. Hedge funds and other institutional investors 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.
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