Viacom Inc. (NASDAQ:VIAB)‘s stock had its “outperform” rating restated by stock analysts at Wedbush in a report issued on Thursday.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Co. upgraded Viacom from an “underperform” rating to a “market perform” rating in a report on Thursday, October 13th. Jefferies Group reiterated a “buy” rating and set a $49.00 target price on shares of Viacom in a report on Tuesday, September 20th. Pivotal Research cut Viacom from a “buy” rating to a “hold” rating and lowered their target price for the stock from $52.00 to $47.00 in a report on Thursday, August 4th. FBR & Co reiterated an “outperform” rating and set a $57.00 target price on shares of Viacom in a report on Tuesday, August 23rd. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $40.00 target price on shares of Viacom in a report on Tuesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Viacom has an average rating of “Hold” and a consensus price target of $43.56.

Analyst Recommendations for Viacom (NASDAQ:VIAB)

Shares of Viacom (NASDAQ:VIAB) opened at 37.98 on Thursday. Viacom has a 12 month low of $30.11 and a 12 month high of $53.35. The firm has a 50 day moving average price of $36.72 and a 200-day moving average price of $40.74. The firm has a market cap of $15.06 billion, a PE ratio of 7.31 and a beta of 1.32.

Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Wednesday, November 9th. The company reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.04. The business had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.31 billion. Viacom had a return on equity of 46.74% and a net margin of 15.85%. The firm’s revenue was down 14.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.54 EPS. On average, analysts predict that Viacom will post $3.64 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, December 15th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, December 13th. This represents a $0.80 annualized dividend and a yield of 2.11%. Viacom’s payout ratio is 15.41%.

A number of institutional investors have recently added to or reduced their stakes in the stock. AMP Capital Investors Ltd raised its position in Viacom by 33.3% in the first quarter. AMP Capital Investors Ltd now owns 289,637 shares of the company’s stock valued at $11,618,000 after buying an additional 72,328 shares during the last quarter. National Pension Service raised its position in Viacom by 4.8% in the first quarter. National Pension Service now owns 210,242 shares of the company’s stock valued at $8,679,000 after buying an additional 9,681 shares during the last quarter. Zurich Insurance Group Ltd FI raised its position in Viacom by 63.2% in the first quarter. Zurich Insurance Group Ltd FI now owns 61,280 shares of the company’s stock valued at $2,530,000 after buying an additional 23,730 shares during the last quarter. Legal & General Group Plc raised its position in Viacom by 2.8% in the first quarter. Legal & General Group Plc now owns 1,555,673 shares of the company’s stock valued at $64,209,000 after buying an additional 42,350 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Viacom by 5.3% in the first quarter. Envestnet Asset Management Inc. now owns 33,786 shares of the company’s stock valued at $1,395,000 after buying an additional 1,691 shares during the last quarter. Institutional investors and hedge funds own 76.11% of the company’s stock.

About Viacom

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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