Viacom Inc. (VIAB) Upgraded by Wells Fargo & Co. to “Market Perform”
Other research analysts also recently issued reports about the stock. Vetr downgraded shares of Viacom from a buy rating to a hold rating and set a $44.78 price target on the stock. in a research note on Wednesday, August 17th. Nomura assumed coverage on shares of Viacom in a research note on Wednesday, June 22nd. They set a hold rating on the stock. 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 research note on Thursday, June 16th. Brean Capital reissued a hold rating on shares of Viacom in a research note on Thursday, July 7th. Finally, FBR & Co reissued a buy rating on shares of Viacom in a research note on Monday, June 20th. Three analysts have rated the stock with a sell rating, twenty-two have given a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $43.81.
Shares of Viacom (NASDAQ:VIAB) traded up 0.78% during mid-day trading on Thursday, hitting $36.10. 1,348,416 shares of the company traded hands. The stock has a market capitalization of $14.32 billion, a price-to-earnings ratio of 6.95 and a beta of 1.33. The firm has a 50-day moving average of $37.72 and a 200-day moving average of $41.06. Viacom has a one year low of $30.11 and a one year high of $53.35.
Viacom (NASDAQ:VIAB) last posted its quarterly earnings results on Thursday, August 4th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.01 billion. Viacom had a net margin of 15.85% and a return on equity of 46.74%. The business’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the firm posted $1.47 earnings per share. On average, equities analysts predict that Viacom will post $3.64 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 22nd were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.23%. The ex-dividend date was Thursday, September 22nd. Viacom’s dividend payout ratio is presently 15.41%.
A number of large investors have recently modified their holdings of VIAB. Sentry Investment Management LLC increased its stake in shares of Viacom by 45.1% in the first quarter. Sentry Investment Management LLC now owns 21,211 shares of the company’s stock valued at $876,000 after buying an additional 6,596 shares in the last quarter. Columbia Partners L L C Investment Management increased its stake in shares of Viacom by 18.3% in the first quarter. Columbia Partners L L C Investment Management now owns 24,377 shares of the company’s stock valued at $1,006,000 after buying an additional 3,764 shares in the last quarter. NN Investment Partners Holdings N.V. acquired a new stake in shares of Viacom during the first quarter valued at $337,000. Royce & Associates LP increased its stake in shares of Viacom by 18.5% in the first quarter. Royce & Associates LP now owns 186,000 shares of the company’s stock valued at $7,678,000 after buying an additional 29,000 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Viacom during the first quarter valued at $382,000. 76.12% of the stock is owned by institutional investors and hedge funds.
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.