Macquarie lowered shares of Viacom (NASDAQ:VIAB) from a neutral rating to an underperform rating in a report issued on Tuesday, January 2nd, MarketBeat reports. Macquarie currently has $26.00 target price on the stock.
A number of other analysts also recently weighed in on the stock. B. Riley reissued a neutral rating on shares of Viacom in a research report on Wednesday, November 1st. Wells Fargo & Co downgraded shares of Viacom from an outperform rating to a market perform rating in a research report on Tuesday, September 5th. Needham & Company LLC reissued a hold rating on shares of Viacom in a research report on Tuesday, September 12th. Piper Jaffray Companies reissued a hold rating and set a $40.00 price target on shares of Viacom in a research report on Tuesday, September 26th. Finally, Loop Capital reissued a hold rating and set a $32.00 price target (down previously from $36.00) on shares of Viacom in a research report on Monday, September 25th. Six equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the company. Viacom presently has an average rating of Hold and a consensus target price of $35.04.
Shares of Viacom (NASDAQ VIAB) opened at $33.76 on Tuesday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.55 and a quick ratio of 1.30. Viacom has a 1 year low of $22.13 and a 1 year high of $46.72. The stock has a market cap of $12,393.54, a P/E ratio of 8.17, a price-to-earnings-growth ratio of 1.09 and a beta of 1.60.
Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Thursday, November 16th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.09). Viacom had a net margin of 14.13% and a return on equity of 28.95%. The firm had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same period last year, the business earned $1.54 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. equities research analysts forecast that Viacom will post 3.76 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Thursday, December 14th. Viacom’s dividend payout ratio is currently 17.13%.
Several hedge funds and other institutional investors have recently modified their holdings of VIAB. Vanguard Group Inc. raised its stake in shares of Viacom by 28.9% during the second quarter. Vanguard Group Inc. now owns 28,964,262 shares of the company’s stock valued at $972,330,000 after purchasing an additional 6,496,269 shares in the last quarter. Steadfast Capital Management LP bought a new stake in shares of Viacom during the second quarter valued at about $117,707,000. FMR LLC raised its stake in shares of Viacom by 17.3% during the second quarter. FMR LLC now owns 10,918,953 shares of the company’s stock valued at $366,551,000 after purchasing an additional 1,607,844 shares in the last quarter. Capital International Investors raised its stake in shares of Viacom by 19.3% during the third quarter. Capital International Investors now owns 8,761,721 shares of the company’s stock valued at $243,926,000 after purchasing an additional 1,418,000 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of Viacom by 6.4% during the second quarter. BlackRock Inc. now owns 22,863,371 shares of the company’s stock valued at $767,522,000 after purchasing an additional 1,377,520 shares in the last quarter. Institutional investors and hedge funds 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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