Viacom Inc. (NASDAQ:VIAB) fell 0.6% on Tuesday . The company traded as low as $25.37 and last traded at $25.59. 2,323,161 shares traded hands during trading, a decline of 54% from the average session volume of 5,053,090 shares. The stock had previously closed at $25.42.
A number of research firms have recently weighed in on VIAB. Atlantic Securities downgraded Viacom from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $45.00 to $30.00 in a report on Friday, August 4th. UBS AG dropped their target price on Viacom from $50.00 to $45.00 and set a “buy” rating for the company in a report on Friday, August 4th. Sanford C. Bernstein reissued an “underperform” rating and set a $29.00 target price on shares of Viacom in a report on Friday, June 16th. BidaskClub raised Viacom from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research raised Viacom from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Thursday, July 13th. Eight investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the company’s stock. Viacom presently has an average rating of “Hold” and a consensus price target of $40.48.
The company’s 50 day moving average price is $27.68 and its 200 day moving average price is $34.40. The stock has a market cap of $10.14 billion, a PE ratio of 6.94 and a beta of 1.57.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.05 by $0.12. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.29 billion. Viacom had a return on equity of 30.89% and a net margin of 11.04%. The company’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.05 EPS. On average, equities research analysts anticipate that Viacom Inc. will post $3.85 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.80 annualized dividend and a dividend yield of 3.17%. Viacom’s dividend payout ratio (DPR) is presently 21.98%.
Institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp increased its position in shares of Viacom by 9.4% during the 1st quarter. Fifth Third Bancorp now owns 2,616 shares of the company’s stock valued at $122,000 after purchasing an additional 225 shares during the last quarter. Johnson Financial Group Inc. bought a new position in shares of Viacom during the 2nd quarter valued at about $108,000. First Personal Financial Services increased its position in shares of Viacom by 5.9% during the 2nd quarter. First Personal Financial Services now owns 3,268 shares of the company’s stock valued at $110,000 after purchasing an additional 182 shares during the last quarter. First Mercantile Trust Co. increased its position in shares of Viacom by 1.6% during the 2nd quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock valued at $115,000 after purchasing an additional 54 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Viacom by 13.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,686 shares of the company’s stock valued at $124,000 after purchasing an additional 423 shares during the last quarter. Hedge funds and other institutional investors own 79.18% of the company’s stock.
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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