Shares of Viacom Inc. (NASDAQ:VIAB) have been given a consensus recommendation of “Hold” by the thirty-four analysts that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $41.86.
Several brokerages have weighed in on VIAB. BMO Capital Markets restated 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. Jefferies Group LLC restated a “buy” rating and set a $43.00 price objective (down from $52.00) on shares of Viacom in a research note on Wednesday. Royal Bank Of Canada restated an “underperform” rating and set a $30.00 price objective (down from $35.00) on shares of Viacom in a research note on Wednesday. Barclays PLC reaffirmed a “neutral” rating on shares of Viacom in a research report on Monday, August 7th. Finally, UBS AG decreased their price objective on Viacom from $50.00 to $45.00 and set a “buy” rating for the company in a report on Friday, August 4th.
A number of institutional investors have recently made changes to their positions in the company. CrestPoint Capital Management LLC bought a new position in shares of Viacom during the first quarter worth approximately $373,000. SOL Capital Management CO boosted its position in shares of Viacom by 3.2% in the first quarter. SOL Capital Management CO now owns 24,196 shares of the company’s stock worth $1,128,000 after buying an additional 750 shares during the period. National Pension Service boosted its position in shares of Viacom by 6.5% in the first quarter. National Pension Service now owns 318,187 shares of the company’s stock worth $14,751,000 after buying an additional 19,285 shares during the period. Gulf International Bank UK Ltd boosted its position in shares of Viacom by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 106,981 shares of the company’s stock worth $4,987,000 after buying an additional 1,600 shares during the period. Finally, Denali Advisors LLC boosted its position in shares of Viacom by 154.8% in the first quarter. Denali Advisors LLC now owns 100,400 shares of the company’s stock worth $4,681,000 after buying an additional 61,000 shares during the period. 77.38% of the stock is currently owned by institutional investors and hedge funds.
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Viacom (NASDAQ:VIAB) last issued its earnings results on Thursday, August 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period last year, the business earned $1.05 EPS. Viacom’s quarterly revenue was up 8.3% compared to the same quarter last year. Analysts expect that Viacom will post $3.87 earnings per share for the current fiscal year.
The business 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 $0.20 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.61%. Viacom’s dividend payout ratio (DPR) is currently 21.98%.
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.
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