Shares of Viacom, Inc. (NASDAQ:VIAB) have been assigned an average rating of “Hold” from the thirty ratings firms that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $35.85.
Several equities research analysts have issued reports on the company. Barclays set a $33.00 price target on Viacom and gave the company a “hold” rating in a report on Tuesday, January 23rd. Zacks Investment Research raised Viacom from a “sell” rating to a “hold” rating in a report on Monday, November 20th. BidaskClub raised Viacom from a “sell” rating to a “hold” rating in a report on Saturday, January 13th. Cowen reaffirmed a “neutral” rating on shares of Viacom in a report on Friday, November 17th. Finally, Macquarie downgraded Viacom from a “neutral” rating to an “underperform” rating and set a $26.00 price target for the company. in a report on Tuesday, January 2nd.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Parametric Portfolio Associates LLC increased its position in shares of Viacom by 6.1% in the third quarter. Parametric Portfolio Associates LLC now owns 1,369,740 shares of the company’s stock worth $38,134,000 after purchasing an additional 78,376 shares during the period. New York State Common Retirement Fund increased its position in shares of Viacom by 12.8% in the third quarter. New York State Common Retirement Fund now owns 1,077,100 shares of the company’s stock worth $29,986,000 after purchasing an additional 121,900 shares during the period. Capital International Investors increased its position in shares of Viacom by 19.3% in the third quarter. Capital International Investors now owns 8,761,721 shares of the company’s stock worth $243,926,000 after purchasing an additional 1,418,000 shares during the period. Commonwealth Bank of Australia increased its position in shares of Viacom by 17.0% in the third quarter. Commonwealth Bank of Australia now owns 142,313 shares of the company’s stock worth $3,955,000 after purchasing an additional 20,691 shares during the period. Finally, California Public Employees Retirement System increased its position in shares of Viacom by 5.9% in the third quarter. California Public Employees Retirement System now owns 1,111,974 shares of the company’s stock worth $30,957,000 after purchasing an additional 62,056 shares during the period. Institutional investors own 80.36% of the company’s stock.
Shares of Viacom (NASDAQ:VIAB) opened at $32.72 on Friday. The company has a market capitalization of $13,164.60, a P/E ratio of 6.54, a PEG ratio of 0.95 and a beta of 1.47. The company has a quick ratio of 1.14, a current ratio of 1.41 and a debt-to-equity ratio of 1.52. Viacom has a twelve month low of $22.13 and a twelve month high of $46.72.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Thursday, February 8th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.09. Viacom had a return on equity of 26.28% and a net margin of 15.49%. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter last year, the firm posted $1.04 EPS. The company’s quarterly revenue was down 7.6% on a year-over-year basis. analysts forecast that Viacom will post 4.04 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Thursday, March 15th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.44%. The ex-dividend date is Wednesday, March 14th. Viacom’s payout ratio is 16.00%.
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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