Viacom, Inc. (VIAB) Receives Average Rating of “Hold” from Brokerages

Viacom, Inc. (NASDAQ:VIAB) has received a consensus recommendation of “Hold” from the thirty-two research firms that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $34.24.

Several brokerages recently commented on VIAB. BidaskClub upgraded Viacom from a “strong sell” rating to a “sell” rating in a report on Friday. Wells Fargo & Co downgraded Viacom from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 5th. ValuEngine upgraded Viacom from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Piper Jaffray Companies reiterated a “hold” rating and set a $40.00 target price on shares of Viacom in a report on Tuesday, September 26th. Finally, Loop Capital reiterated a “hold” rating and set a $32.00 target price (down from $36.00) on shares of Viacom in a report on Monday, September 25th.

Shares of Viacom (NASDAQ VIAB) opened at $32.23 on Tuesday. The company has a market capitalization of $13,160.00, a PE ratio of 6.92, a P/E/G ratio of 1.12 and a beta of 1.60. The company has a current ratio of 1.55, a quick ratio of 1.30 and a debt-to-equity ratio of 1.81. Viacom has a twelve month low of $22.13 and a twelve month high of $46.72.

Viacom (NASDAQ:VIAB) last announced its earnings results on Thursday, November 16th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.09). The company had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.23 billion. Viacom had a net margin of 14.13% and a return on equity of 28.95%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.54 earnings per share. research analysts predict that Viacom will post 3.78 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.48%. Viacom’s payout ratio is 17.17%.

Several institutional investors and hedge funds have recently modified their holdings of VIAB. Beach Investment Management LLC. acquired a new position in shares of Viacom in the 2nd quarter worth approximately $272,000. Schwab Charles Investment Management Inc. grew its position in shares of Viacom by 7.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,546,809 shares of the company’s stock worth $51,927,000 after acquiring an additional 112,516 shares in the last quarter. Blair William & Co. IL grew its position in shares of Viacom by 225.9% in the 2nd quarter. Blair William & Co. IL now owns 23,941 shares of the company’s stock worth $804,000 after acquiring an additional 16,594 shares in the last quarter. BB&T Securities LLC grew its position in shares of Viacom by 99.2% in the 2nd quarter. BB&T Securities LLC now owns 13,479 shares of the company’s stock worth $452,000 after acquiring an additional 6,711 shares in the last quarter. Finally, Boston Private Wealth LLC grew its position in shares of Viacom by 1.8% in the 2nd quarter. Boston Private Wealth LLC now owns 6,093 shares of the company’s stock worth $205,000 after acquiring an additional 108 shares in the last quarter. Institutional investors own 79.20% of the company’s stock.

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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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