Viacom Inc. (VIAB) Price Target Lowered to $35.00 at Macquarie
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.
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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