Jefferies Group LLC reissued their buy rating on shares of Viacom Inc. (NASDAQ:VIAB) in a research note issued to investors on Thursday morning. They currently have a $52.00 target price on the stock.

VIAB has been the topic of several other research reports. Royal Bank Of Canada cut their price target on Viacom from $35.00 to $30.00 and set an underperform rating on the stock in a research note on Monday, May 15th. Cowen and Company restated a hold rating and set a $41.00 price target on shares of Viacom in a research note on Tuesday, July 11th. BidaskClub upgraded Viacom from a sell rating to a hold rating in a research note on Tuesday, August 1st. Morgan Stanley restated an overweight rating on shares of Viacom in a research note on Thursday, July 6th. Finally, Deutsche Bank AG lowered Viacom from a hold rating to a sell rating in a research note on Wednesday, May 10th. Five research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $43.13.

Shares of Viacom (VIAB) opened at 30.22 on Thursday. The company has a market cap of $12.14 billion, a PE ratio of 9.99 and a beta of 1.57. The stock’s 50 day moving average is $34.80 and its 200-day moving average is $39.46. Viacom has a one year low of $30.21 and a one year high of $46.72.

Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.05 by $0.12. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.29 billion. Viacom had a return on equity of 32.45% and a net margin of 11.04%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 earnings per share. Equities research analysts expect that Viacom will post $3.86 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Thursday, September 14th. Viacom’s payout ratio is 21.98%.

Several hedge funds and other institutional investors have recently made changes to their positions in VIAB. BlackRock Inc. boosted its position in shares of Viacom by 3,068.5% in the first quarter. BlackRock Inc. now owns 21,485,851 shares of the company’s stock valued at $1,001,671,000 after buying an additional 20,807,733 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Viacom by 3,113.9% in the first quarter. Wellington Management Group LLP now owns 20,233,146 shares of the company’s stock valued at $943,269,000 after buying an additional 19,603,597 shares during the last quarter. Oldfield Partners LLP purchased a new position in shares of Viacom during the second quarter valued at about $153,511,000. FMR LLC boosted its position in shares of Viacom by 36.1% in the first quarter. FMR LLC now owns 9,311,109 shares of the company’s stock valued at $434,084,000 after buying an additional 2,467,925 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Viacom by 304.9% in the first quarter. Alliancebernstein L.P. now owns 2,494,611 shares of the company’s stock valued at $116,299,000 after buying an additional 1,878,470 shares during the last quarter. Hedge funds and other institutional investors own 77.33% of the company’s stock.

About Viacom

Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.

Analyst Recommendations for Viacom (NASDAQ:VIAB)

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