Viacom Inc. (NASDAQ:VIAB) had its price target cut by Macquarie from $44.00 to $35.00 in a research report sent to investors on Thursday. They currently have a neutral rating on the stock.

A number of other equities research analysts have also issued reports on VIAB. Pivotal Research reiterated a buy rating and issued a $52.00 price target on shares of Viacom in a research note on Sunday, July 24th. Zacks Investment Research lowered Viacom from a hold rating to a strong sell rating in a research note on Wednesday, July 13th. FBR & Co cut their price target on Viacom from $67.00 to $59.00 and set an outperform rating for the company in a research note on Tuesday, July 26th. Atlantic Securities upgraded Viacom from an underweight rating to a neutral rating in a research note on Friday, July 22nd. Finally, Wunderlich reiterated a buy rating on shares of Viacom in a research note on Sunday, July 10th. Four equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $44.28.

Shares of Viacom (NASDAQ:VIAB) opened at 35.82 on Thursday. Viacom has a 1-year low of $30.11 and a 1-year high of $53.35. The company has a market cap of $14.21 billion, a price-to-earnings ratio of 6.90 and a beta of 1.43. The stock has a 50 day moving average price of $40.37 and a 200-day moving average price of $41.43.

Viacom (NASDAQ:VIAB) last posted its quarterly earnings data on Thursday, August 4th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The firm 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%. Viacom’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.47 EPS. Equities research analysts forecast that Viacom will post $3.84 earnings per share for the current year.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of VIAB. Capital World Investors increased its position in Viacom by 19.3% in the second quarter. Capital World Investors now owns 16,729,443 shares of the company’s stock worth $693,770,000 after buying an additional 2,710,443 shares in the last quarter. BlackRock Fund Advisors increased its position in Viacom by 42.7% in the second quarter. BlackRock Fund Advisors now owns 5,362,157 shares of the company’s stock worth $222,369,000 after buying an additional 1,604,976 shares in the last quarter. AXA increased its position in Viacom by 380.4% in the first quarter. AXA now owns 1,969,784 shares of the company’s stock worth $81,312,000 after buying an additional 1,559,774 shares in the last quarter. Capital Research Global Investors increased its position in Viacom by 2.7% in the second quarter. Capital Research Global Investors now owns 42,454,768 shares of the company’s stock worth $1,760,599,000 after buying an additional 1,118,815 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Viacom by 4.9% in the second quarter. Vanguard Group Inc. now owns 21,469,806 shares of the company’s stock worth $890,352,000 after buying an additional 1,007,008 shares in 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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