Viacom (NASDAQ:VIAB) Lowered to “Underperform” at Macquarie

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.

Analyst Recommendations for Viacom (NASDAQ:VIAB)

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