Viacom Inc. (VIAB) Price Target Lowered to $40.00 at Wedbush
Several other equities analysts also recently weighed in on VIAB. Vetr downgraded Viacom from a sell rating to a strong sell rating and set a $39.00 price objective for the company. in a research note on Monday, May 30th. Royal Bank Of Canada reaffirmed a sell rating on shares of Viacom in a research note on Tuesday, May 31st. Jefferies Group reaffirmed a buy rating on shares of Viacom in a research note on Friday, June 10th. JPMorgan Chase & Co. reaffirmed a buy rating on shares of Viacom in a research note on Friday, June 10th. Finally, Zacks Investment Research downgraded Viacom from a hold rating to a sell rating in a research note on Monday, June 13th. Four investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $44.09.
Viacom (NASDAQ:VIAB) traded down 0.1971% during mid-day trading on Tuesday, hitting $35.4001. The stock had a trading volume of 153,993 shares. Viacom has a 12-month low of $30.11 and a 12-month high of $53.35. The stock has a 50-day moving average price of $39.68 and a 200 day moving average price of $41.38. The firm has a market cap of $14.04 billion, a P/E ratio of 6.8143 and a beta of 1.43.
Viacom (NASDAQ:VIAB) last released its quarterly earnings data on Thursday, August 4th. The company reported $1.05 earnings per share 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 firm earned $3.11 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period last year, the business posted $1.47 EPS. Viacom’s quarterly revenue was up 1.6% on a year-over-year basis. Equities analysts anticipate that Viacom will post $3.64 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 22nd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Thursday, September 22nd. Viacom’s dividend payout ratio (DPR) is 15.41%.
Large investors have recently added to or reduced their stakes in the stock. Pinkerton Retirement Specialists LLC purchased a new stake in Viacom during the second quarter worth about $131,000. First Mercantile Trust Co. purchased a new stake in Viacom during the second quarter worth about $135,000. Hussman Strategic Advisors Inc. purchased a new stake in Viacom during the second quarter worth about $137,000. Smithfield Trust Co. purchased a new stake in Viacom during the second quarter worth about $141,000. Finally, IFP Advisors Inc boosted its stake in Viacom by 7.1% in the first quarter. IFP Advisors Inc now owns 3,964 shares of the company’s stock worth $164,000 after buying an additional 264 shares during the period. 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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