Needham & Company LLC restated their hold rating on shares of Viacom Inc. (NASDAQ:VIAB) in a report issued on Tuesday.

Several other equities analysts have also recently issued reports on the company. Sanford C. Bernstein reiterated an underperform rating on shares of Viacom in a research report on Tuesday. Wells Fargo & Company cut Viacom from an outperform rating to a market perform rating in a research report on Tuesday, September 5th. KeyCorp reiterated a hold rating on shares of Viacom in a research report on Friday, August 25th. BidaskClub cut Viacom from a hold rating to a sell rating in a research report on Thursday, August 17th. Finally, BMO Capital Markets reiterated a market perform rating and set a $35.00 target price (down previously from $42.00) on shares of Viacom in a research report on Wednesday, August 9th. Six investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of $42.04.

Shares of Viacom (NASDAQ:VIAB) traded up 1.13% during trading on Tuesday, reaching $27.67. The company’s stock had a trading volume of 5,560,552 shares. The company has a 50 day moving average price of $29.74 and a 200 day moving average price of $36.52. The firm has a market capitalization of $11.13 billion, a P/E ratio of 7.61 and a beta of 1.59. Viacom has a 52 week low of $26.65 and a 52 week high of $46.72.

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

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The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Thursday, September 14th. Viacom’s dividend payout ratio is presently 21.98%.

Several institutional investors have recently modified their holdings of VIAB. Johnson Financial Group Inc. purchased a new position in shares of Viacom in the 2nd quarter worth $108,000. First Personal Financial Services raised its position in shares of Viacom by 5.9% in the 2nd quarter. First Personal Financial Services now owns 3,268 shares of the company’s stock worth $110,000 after buying an additional 182 shares during the period. First Mercantile Trust Co. raised its position in shares of Viacom by 1.6% in the 2nd quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock worth $115,000 after buying an additional 54 shares during the period. Fifth Third Bancorp raised its position in shares of Viacom by 9.4% in the 1st quarter. Fifth Third Bancorp now owns 2,616 shares of the company’s stock worth $122,000 after buying an additional 225 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Viacom by 13.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,686 shares of the company’s stock worth $124,000 after buying an additional 423 shares during the period. 79.17% of the stock is currently owned by institutional investors.

About Viacom

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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