Viacom Inc. (VIAB) Given Consensus Rating of “Hold” by Brokerages
Viacom Inc. (NASDAQ:VIAB) has been assigned a consensus rating of “Hold” from the thirty-eight brokerages that are covering the firm. Two research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and ten have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $43.96.
Several research analysts have recently issued reports on VIAB shares. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $42.00 price target on shares of Viacom in a research note on Wednesday, October 5th. Brean Capital reaffirmed a “hold” rating on shares of Viacom in a research note on Thursday, September 8th. Telsey Advisory Group downgraded Viacom from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $51.00 to $47.00 in a research note on Friday, August 26th. Wells Fargo & Co. raised Viacom from an “underperform” rating to a “market perform” rating in a research note on Thursday, October 13th. Finally, Wedbush cut their price target on Viacom from $44.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, September 27th.
Several institutional investors have recently made changes to their positions in VIAB. Allstate Corp acquired a new position in shares of Viacom during the second quarter worth about $4,407,000. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Viacom by 0.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 962,657 shares of the company’s stock worth $39,921,000 after buying an additional 4,564 shares during the last quarter. Royal Bank of Canada raised its position in shares of Viacom by 104.1% in the first quarter. Royal Bank of Canada now owns 1,074,641 shares of the company’s stock worth $44,362,000 after buying an additional 548,080 shares during the last quarter. PGGM Investments raised its position in shares of Viacom by 336.8% in the second quarter. PGGM Investments now owns 1,004,717 shares of the company’s stock worth $41,666,000 after buying an additional 774,693 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of Viacom by 2.8% in the first quarter. Legal & General Group Plc now owns 1,555,673 shares of the company’s stock worth $64,209,000 after buying an additional 42,350 shares during the last quarter. 75.03% of the stock is currently owned by institutional investors.
Viacom (NASDAQ:VIAB) opened at 37.77 on Tuesday. Viacom has a 52 week low of $30.11 and a 52 week high of $52.65. The firm’s 50-day moving average is $37.17 and its 200 day moving average is $40.56. The stock has a market cap of $14.99 billion, a price-to-earnings ratio of 10.45 and a beta of 1.32.
Viacom (NASDAQ:VIAB) last issued its earnings results on Wednesday, November 9th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.65 by $0.04. The company had revenue of $3.23 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the firm earned $1.54 EPS. On average, equities research analysts expect that Viacom will post $3.91 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 15th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Tuesday, December 13th. Viacom’s payout ratio is 22.10%.
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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