Viacom Inc. (VIAB) Rating Reiterated by Barclays PLC
Viacom Inc. (NASDAQ:VIAB)‘s stock had its “overweight” rating restated by equities researchers at Barclays PLC in a note issued to investors on Monday. They currently have a $46.00 price objective on the stock, down from their prior price objective of $48.00. Barclays PLC’s price objective would indicate a potential upside of 29.69% from the stock’s previous close.
Other research analysts also recently issued reports about the company. Vetr downgraded Viacom from a “buy” rating to a “hold” rating and set a $44.78 price objective on the stock. in a research note on Wednesday, August 17th. BTIG Research raised Viacom from a “neutral” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Thursday, June 16th. Nomura assumed coverage on Viacom in a research note on Wednesday, June 22nd. They issued a “hold” rating on the stock. Argus reaffirmed a “hold” rating on shares of Viacom in a research report on Friday, September 23rd. Finally, FBR & Co reaffirmed a “buy” rating on shares of Viacom in a research report on Monday, June 20th. Four investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and ten have given a buy rating to the company’s stock. Viacom currently has an average rating of “Hold” and an average target price of $44.09.
Viacom (NASDAQ:VIAB) opened at 35.47 on Monday. Viacom has a 52 week low of $30.11 and a 52 week high of $53.35. The company has a market capitalization of $14.07 billion, a PE ratio of 6.83 and a beta of 1.43. The company’s 50-day moving average price is $39.68 and its 200 day moving average price is $41.38.
Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Thursday, August 4th. The company reported $1.05 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period last year, the business earned $1.47 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that Viacom will post $3.64 EPS for the current year.
The firm 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 $0.20 dividend. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a $0.80 annualized dividend and a dividend yield of 2.26%. Viacom’s dividend payout ratio (DPR) is currently 30.83%.
Several large investors have recently made changes to their positions in the company. Pinkerton Retirement Specialists LLC purchased a new position in Viacom during the second quarter valued at $131,000. First Mercantile Trust Co. purchased a new position in Viacom during the second quarter valued at $135,000. Hussman Strategic Advisors Inc. purchased a new position in Viacom during the second quarter valued at $137,000. Smithfield Trust Co. purchased a new position in Viacom during the second quarter valued at $141,000. Finally, IFP Advisors Inc boosted its position in Viacom by 7.1% in the first quarter. IFP Advisors Inc now owns 3,964 shares of the company’s stock valued at $164,000 after buying an additional 264 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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