Viacom Inc. (VIAB) Stock Rating Lowered by Brean Capital
Viacom Inc. (NASDAQ:VIAB) was downgraded by Brean Capital from a “buy” rating to a “hold” rating in a research report issued on Monday.
Several other analysts have also recently issued reports on the stock. FBR & Co cut shares of Viacom from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $56.00 to $44.00 in a research report on Thursday, November 10th. Sanford C. Bernstein restated an “underperform” rating and set a $31.00 target price on shares of Viacom in a research report on Thursday, November 10th. Wedbush restated an “outperform” rating and set a $46.00 target price on shares of Viacom in a research report on Thursday, November 10th. Telsey Advisory Group decreased their target price on shares of Viacom from $47.00 to $42.00 and set a “market perform” rating on the stock in a research report on Thursday, November 10th. Finally, Zacks Investment Research upgraded shares of Viacom from a “strong sell” rating to a “hold” rating in a research report on Friday, November 4th. Two equities research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $43.18.
Shares of Viacom (NASDAQ:VIAB) opened at 38.61 on Monday. The firm’s 50-day moving average price is $37.04 and its 200 day moving average price is $40.60. The company has a market capitalization of $15.32 billion, a PE ratio of 10.68 and a beta of 1.32. Viacom has a 52-week low of $30.11 and a 52-week high of $53.35.
Viacom (NASDAQ:VIAB) last announced its earnings results on Wednesday, November 9th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.04. The firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Viacom had a net margin of 11.52% and a return on equity of 36.21%. The business’s revenue was down 14.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.54 EPS. On average, equities analysts forecast that Viacom will post $3.91 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 15th will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $0.80 annualized dividend and a dividend yield of 2.07%. Viacom’s dividend payout ratio (DPR) is 22.10%.
Hedge funds have recently made changes to their positions in the stock. First New York Securities LLC NY raised its stake in shares of Viacom by 440.0% in the third quarter. First New York Securities LLC NY now owns 2,700 shares of the company’s stock valued at $103,000 after buying an additional 2,200 shares during the period. Pinkerton Retirement Specialists LLC bought a new stake in shares of Viacom during the second quarter valued at about $131,000. First Mercantile Trust Co. bought a new stake in shares of Viacom during the second quarter valued at about $135,000. Hussman Strategic Advisors Inc. bought a new stake in shares of Viacom during the second quarter valued at about $137,000. Finally, Smithfield Trust Co. bought a new stake in shares of Viacom during the second quarter valued at about $141,000. Institutional investors and hedge funds own 75.03% of the company’s stock.
Viacom Company Profile
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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