Viacom Inc. (VIAB) Receives Hold Rating from Loop Capital
Viacom Inc. (NASDAQ:VIAB)‘s stock had its “hold” rating restated by investment analysts at Loop Capital in a note issued to investors on Friday. They presently have a $39.00 target price on the stock, down from their previous target price of $41.00. Loop Capital’s target price indicates a potential upside of 3.26% from the company’s current price.
Several other research firms have also commented on VIAB. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Viacom in a report on Friday, June 10th. Jefferies Group reaffirmed a “buy” rating on shares of Viacom in a report on Friday, June 10th. BTIG Research raised shares of Viacom from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Thursday, June 16th. FBR & Co reaffirmed a “buy” rating on shares of Viacom in a report on Monday, June 20th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of Viacom in a report on Friday, June 17th. Four investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $43.80.
Shares of Viacom (NASDAQ:VIAB) traded up 0.64% on Friday, hitting $38.01. The stock had a trading volume of 3,444,370 shares. Viacom has a 52-week low of $30.11 and a 52-week high of $53.35. The company has a 50-day moving average of $39.40 and a 200-day moving average of $41.32. The company has a market cap of $15.08 billion, a P/E ratio of 7.32 and a beta of 1.43.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings data on Thursday, August 4th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.01 billion. Viacom had a net margin of 15.85% and a return on equity of 46.74%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.47 earnings per share. On average, equities analysts anticipate that Viacom will post $3.64 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 22nd will be issued a $0.20 dividend. The ex-dividend date is Thursday, September 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.12%. Viacom’s payout ratio is 15.41%.
Several large investors have recently made changes to their positions in the stock. Capital World Investors raised its stake in shares of Viacom by 19.3% in the second quarter. Capital World Investors now owns 16,729,443 shares of the company’s stock worth $693,770,000 after buying an additional 2,710,443 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of Viacom by 42.7% in the second quarter. BlackRock Fund Advisors now owns 5,362,157 shares of the company’s stock worth $222,369,000 after buying an additional 1,604,976 shares during the last quarter. AXA raised its stake in shares of Viacom by 380.4% in the first quarter. AXA now owns 1,969,784 shares of the company’s stock worth $81,312,000 after buying an additional 1,559,774 shares during the last quarter. Capital Research Global Investors raised its stake in shares of Viacom by 2.7% in the second quarter. Capital Research Global Investors now owns 42,454,768 shares of the company’s stock worth $1,760,599,000 after buying an additional 1,118,815 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Viacom by 4.9% in the second quarter. Vanguard Group Inc. now owns 21,469,806 shares of the company’s stock worth $890,352,000 after buying an additional 1,007,008 shares during the last quarter. Institutional investors and hedge funds 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.
Receive News & Stock Ratings for Viacom Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom Inc. and related stocks with our FREE daily email newsletter.