BidaskClub lowered shares of Viacom, Inc. Class B (NASDAQ:VIAB) from a sell rating to a strong sell rating in a report released on Tuesday morning.

Other equities analysts have also recently issued reports about the stock. TheStreet raised shares of Viacom, Inc. Class B from a c+ rating to a b- rating in a research note on Friday, August 31st. Pivotal Research raised shares of Viacom, Inc. Class B from a hold rating to a buy rating and reduced their price objective for the company from $34.00 to $32.00 in a research note on Tuesday, July 31st. They noted that the move was a valuation call. Barrington Research reiterated a hold rating on shares of Viacom, Inc. Class B in a report on Wednesday, August 15th. Cfra reiterated a hold rating and issued a $35.00 target price on shares of Viacom, Inc. Class B in a report on Wednesday, June 27th. Finally, Credit Suisse Group assumed coverage on shares of Viacom, Inc. Class B in a report on Tuesday, July 10th. They issued a neutral rating and a $33.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have assigned a buy rating to the company. Viacom, Inc. Class B has a consensus rating of Hold and a consensus price target of $33.82.

Shares of VIAB stock opened at $29.85 on Tuesday. Viacom, Inc. Class B has a 52-week low of $22.13 and a 52-week high of $35.55. The company has a market capitalization of $11.94 billion, a price-to-earnings ratio of 7.92, a price-to-earnings-growth ratio of 1.11 and a beta of 1.52. The company has a current ratio of 1.69, a quick ratio of 1.41 and a debt-to-equity ratio of 1.42.

Viacom, Inc. Class B (NASDAQ:VIAB) last announced its quarterly earnings data on Thursday, August 9th. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.11. Viacom, Inc. Class B had a net margin of 15.65% and a return on equity of 23.53%. The firm had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.27 billion. During the same period last year, the firm earned $1.17 earnings per share. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. equities analysts anticipate that Viacom, Inc. Class B will post 4.09 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Monday, September 17th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, September 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.68%. Viacom, Inc. Class B’s payout ratio is 21.22%.

Several large investors have recently modified their holdings of VIAB. Iridian Asset Management LLC CT acquired a new stake in shares of Viacom, Inc. Class B during the first quarter worth $114,756,000. State of New Jersey Common Pension Fund D raised its holdings in shares of Viacom, Inc. Class B by 156.4% during the second quarter. State of New Jersey Common Pension Fund D now owns 2,820,000 shares of the company’s stock worth $85,051,000 after acquiring an additional 1,720,000 shares during the period. Rothschild Asset Management Inc. acquired a new stake in shares of Viacom, Inc. Class B during the second quarter worth $44,569,000. Contrarius Investment Management Ltd raised its holdings in shares of Viacom, Inc. Class B by 41.7% during the second quarter. Contrarius Investment Management Ltd now owns 4,488,513 shares of the company’s stock worth $135,374,000 after acquiring an additional 1,321,363 shares during the period. Finally, BlackRock Inc. raised its holdings in shares of Viacom, Inc. Class B by 4.5% during the second quarter. BlackRock Inc. now owns 25,401,036 shares of the company’s stock worth $766,096,000 after acquiring an additional 1,098,601 shares during the period. Institutional investors and hedge funds own 79.09% of the company’s stock.

Viacom, Inc. Class B Company Profile

Viacom, Inc operates media brands that create entertainment content worldwide. The company creates television programs, motion pictures, short-form content, games, consumer products, podcasts, live events, and social media experiences. It operates through two segments, Media Networks and Filmed Entertainment.

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Analyst Recommendations for Viacom, Inc. Class B (NASDAQ:VIAB)

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