Viacom Inc. (VIAB) Given Average Rating of “Hold” by Brokerages
Shares of Viacom Inc. (NASDAQ:VIAB) have earned a consensus recommendation of “Hold” from the thirty-seven brokerages that are covering the stock. Four investment analysts have rated the stock with a sell recommendation, twenty-one have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $44.40.
Several brokerages have commented on VIAB. Brean Capital reissued a “hold” rating on shares of Viacom in a report on Thursday, September 8th. Vetr raised Viacom from a “sell” rating to a “hold” rating and set a $42.50 price target on the stock in a research note on Tuesday, August 2nd. Jefferies Group reaffirmed a “buy” rating on shares of Viacom in a research note on Thursday, August 11th. Wedbush lowered their price target on Viacom from $44.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 27th. Finally, Wunderlich reaffirmed a “buy” rating on shares of Viacom in a research note on Sunday, July 10th.
Viacom (NASDAQ:VIAB) traded down 0.77% during mid-day trading on Tuesday, reaching $35.98. The company’s stock had a trading volume of 1,766,760 shares. The firm’s 50 day moving average price is $38.23 and its 200 day moving average price is $41.18. The stock has a market cap of $14.27 billion, a price-to-earnings ratio of 6.93 and a beta of 1.33. Viacom has a 12-month low of $30.11 and a 12-month high of $53.35.
Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Thursday, August 4th. The company reported $1.05 EPS for the quarter, beating 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 company had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period last year, the company earned $1.47 earnings per share. Viacom’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities analysts predict that Viacom will post $3.64 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 22nd were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend was Thursday, September 22nd. Viacom’s dividend payout ratio is presently 15.41%.
Hedge funds have recently bought and sold shares of the stock. Deane Retirement Strategies Inc. acquired a new position in shares of Viacom during the third quarter worth about $3,223,000. BNP Paribas Arbitrage SA increased its position in shares of Viacom by 145.9% in the third quarter. BNP Paribas Arbitrage SA now owns 262,811 shares of the company’s stock worth $10,013,000 after buying an additional 155,953 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Viacom during the second quarter worth about $580,000. Kentucky Retirement Systems acquired a new position in shares of Viacom during the second quarter worth about $1,222,000. Finally, Mason Street Advisors LLC acquired a new position in shares of Viacom during the second quarter worth about $1,936,000. 76.12% of the stock is owned by hedge funds and other institutional investors.
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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