Viacom, Inc. (VIAB) Rating Reiterated by Pivotal Research
VIAB has been the subject of a number of other research reports. Bank of America Corp raised their price target on Viacom from $44.00 to $52.00 and gave the company a buy rating in a research report on Friday, February 10th. Guggenheim reiterated a buy rating and set a $50.00 price objective on shares of Viacom in a research report on Wednesday, March 22nd. Barclays PLC cut Viacom from an overweight rating to an equal weight rating and set a $45.00 price objective for the company. in a research report on Friday, February 10th. BMO Capital Markets lifted their price objective on Viacom from $35.00 to $44.00 and gave the stock a market perform rating in a research report on Friday, February 10th. Finally, Needham & Company LLC reiterated a hold rating on shares of Viacom in a research report on Thursday, February 16th. Five investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $43.95.
Shares of Viacom (NASDAQ:VIAB) traded up 0.11% during midday trading on Friday, reaching $35.24. 5,288,713 shares of the company traded hands. The stock has a market capitalization of $14.16 billion, a P/E ratio of 11.65 and a beta of 1.33. The stock’s 50-day moving average is $40.89 and its 200-day moving average is $40.17. Viacom has a 1-year low of $33.44 and a 1-year high of $46.72. Viacom also was the target of some unusual options trading on Monday. Investors acquired 6,181 put options on the company. This represents an increase of approximately 1,505% compared to the typical volume of 385 put options.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Thursday, May 4th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.20. Viacom had a return on equity of 33.25% and a net margin of 10.94%. The business had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter last year, the business posted $0.76 earnings per share. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. Equities analysts predict that Viacom will post $3.88 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, June 13th. This represents a $0.80 dividend on an annualized basis and a yield of 2.27%. Viacom’s dividend payout ratio (DPR) is presently 22.92%.
A number of hedge funds and other institutional investors have recently made changes to their positions in VIAB. BlackRock Inc. raised its position in shares of Viacom by 3,068.5% in the first quarter. BlackRock Inc. now owns 21,485,851 shares of the company’s stock worth $1,001,671,000 after buying an additional 20,807,733 shares during the period. Wellington Management Group LLP raised its position in shares of Viacom by 3,113.9% in the first quarter. Wellington Management Group LLP now owns 20,233,146 shares of the company’s stock worth $943,269,000 after buying an additional 19,603,597 shares during the period. Capital World Investors raised its position in shares of Viacom by 47.4% in the third quarter. Capital World Investors now owns 24,658,133 shares of the company’s stock worth $939,475,000 after buying an additional 7,928,690 shares during the period. The Manufacturers Life Insurance Company acquired a new position in shares of Viacom during the third quarter worth about $150,310,000. Finally, Norges Bank acquired a new position in shares of Viacom during the fourth quarter worth about $113,821,000. Institutional investors own 76.82% of the company’s stock.
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.
Receive News & Stock Ratings for Viacom Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom Inc. and related stocks with our FREE daily email newsletter.