KeyCorp reissued their hold rating on shares of Viacom Inc. (NASDAQ:VIAB) in a research note issued to investors on Friday morning.

Several other equities research analysts also recently commented on VIAB. Royal Bank Of Canada reiterated an underperform rating and set a $30.00 price objective (down from $35.00) on shares of Viacom in a research note on Wednesday, August 9th. Jefferies Group LLC reiterated a buy rating and set a $43.00 price objective (down from $52.00) on shares of Viacom in a research note on Wednesday, August 9th. BMO Capital Markets reiterated a market perform rating and set a $35.00 price objective (down from $42.00) on shares of Viacom in a research note on Wednesday, August 9th. Barclays PLC reiterated a neutral rating on shares of Viacom in a research note on Monday, August 7th. Finally, BidaskClub downgraded shares of Viacom from a hold rating to a sell rating in a research note on Thursday, August 17th. Six investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $42.04.

Viacom (NASDAQ:VIAB) traded up 1.88% on Friday, hitting $29.19. The stock had a trading volume of 4,203,064 shares. The stock has a 50 day moving average price of $32.61 and a 200 day moving average price of $38.09. The company has a market cap of $11.74 billion, a P/E ratio of 8.03 and a beta of 1.57. Viacom has a 1-year low of $27.86 and a 1-year high of $46.72.

Viacom (NASDAQ:VIAB) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.12. Viacom had a net margin of 11.04% and a return on equity of 30.89%. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same period in the previous year, the firm posted $1.05 earnings per share. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, equities research analysts expect that Viacom will post $3.87 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.74%. Viacom’s dividend payout ratio is currently 21.98%.

A number of hedge funds have recently made changes to their positions in VIAB. Sentry Investment Management LLC boosted its stake in shares of Viacom by 1.1% in the second quarter. Sentry Investment Management LLC now owns 26,322 shares of the company’s stock valued at $884,000 after buying an additional 290 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of Viacom by 27.2% in the second quarter. Toronto Dominion Bank now owns 119,287 shares of the company’s stock valued at $4,003,000 after buying an additional 25,521 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Viacom during the second quarter valued at about $795,000. Sterneck Capital Management LLC boosted its stake in shares of Viacom by 25.7% in the second quarter. Sterneck Capital Management LLC now owns 103,614 shares of the company’s stock valued at $3,478,000 after buying an additional 21,181 shares in the last quarter. Finally, Financial Partners Capital Management LLC boosted its stake in shares of Viacom by 51.7% in the second quarter. Financial Partners Capital Management LLC now owns 217,685 shares of the company’s stock valued at $7,308,000 after buying an additional 74,205 shares in the last quarter. 77.96% of the stock is owned by institutional investors.

Viacom Company Profile

Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.

Analyst Recommendations for Viacom (NASDAQ:VIAB)

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