Wells Fargo & Co reiterated their market perform rating on shares of Viacom (NASDAQ:VIAB) in a research report sent to investors on Thursday, January 4th, The Fly reports. Wells Fargo & Co currently has a $32.00 price target on the stock, up from their prior price target of $25.00.

A number of other analysts also recently weighed in on the company. Citigroup downgraded Viacom from a neutral rating to a sell rating and decreased their price target for the company from $33.00 to $24.00 in a research note on Monday, October 9th. Morgan Stanley decreased their price target on Viacom from $42.00 to $38.00 and set an overweight rating on the stock in a research note on Friday, October 13th. BMO Capital Markets restated a hold rating and issued a $30.00 price target on shares of Viacom in a research note on Wednesday, October 18th. Deutsche Bank decreased their price target on Viacom to $25.00 and set a sell rating on the stock in a research note on Monday, October 23rd. Finally, Barclays set a $32.00 price target on Viacom and gave the company a hold rating in a research note on Friday, October 20th. Eight equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have assigned a buy rating to the company’s stock. Viacom presently has a consensus rating of Hold and a consensus price target of $35.07.

Viacom (NASDAQ VIAB) traded down $0.38 during trading on Thursday, hitting $33.71. The company had a trading volume of 3,949,180 shares, compared to its average volume of 5,420,000. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.30 and a current ratio of 1.55. Viacom has a 12-month low of $22.13 and a 12-month high of $46.72. The stock has a market capitalization of $13,830.00, a P/E ratio of 7.23, a PEG ratio of 1.18 and a beta of 1.60.

Viacom (NASDAQ:VIAB) last posted its quarterly earnings results on Thursday, November 16th. The company reported $0.77 earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $3.32 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same quarter last year, the firm earned $1.54 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. research analysts expect that Viacom will post 3.85 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.37%. Viacom’s dividend payout ratio (DPR) is 17.17%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farmers Trust Co. raised its holdings in shares of Viacom by 36.8% in the fourth quarter. Farmers Trust Co. now owns 82,622 shares of the company’s stock worth $2,546,000 after acquiring an additional 22,237 shares during the last quarter. Exane Derivatives grew its position in shares of Viacom by 63.3% in the fourth quarter. Exane Derivatives now owns 15,854 shares of the company’s stock valued at $488,000 after purchasing an additional 6,147 shares during the period. Parsec Financial Management Inc. purchased a new stake in shares of Viacom in the fourth quarter valued at $1,574,000. Eqis Capital Management Inc. purchased a new stake in shares of Viacom in the fourth quarter valued at $2,935,000. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Viacom by 64.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 157,360 shares of the company’s stock valued at $4,859,000 after purchasing an additional 61,841 shares during the period. 79.26% of the stock is owned by institutional investors.

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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.

The Fly

Analyst Recommendations for Viacom (NASDAQ:VIAB)

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