A number of other analysts also recently issued reports on the stock. BMO Capital Markets dropped their price target on shares of Viacom from $34.00 to $33.00 and set a market perform rating on the stock in a report on Thursday, May 16th. BidaskClub raised shares of Viacom from a sell rating to a hold rating in a report on Friday, July 5th. Finally, TheStreet raised shares of Viacom from a c+ rating to a b- rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. Viacom currently has an average rating of Hold and an average target price of $34.54.
Shares of NASDAQ VIAB opened at $29.21 on Friday. The company’s 50-day moving average is $30.49. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.15 and a current ratio of 1.36. The stock has a market cap of $11.56 billion, a P/E ratio of 7.09, a PEG ratio of 1.03 and a beta of 1.29. Viacom has a 52-week low of $23.31 and a 52-week high of $34.44.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.14. The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.33 billion. Viacom had a net margin of 12.68% and a return on equity of 21.71%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.18 EPS. As a group, equities research analysts forecast that Viacom will post 4.02 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, September 13th. Viacom’s dividend payout ratio (DPR) is presently 19.42%.
Several large investors have recently modified their holdings of VIAB. Trust Co. of Vermont lifted its stake in shares of Viacom by 514.7% in the 2nd quarter. Trust Co. of Vermont now owns 836 shares of the company’s stock worth $25,000 after purchasing an additional 700 shares during the period. Cullen Frost Bankers Inc. bought a new stake in Viacom during the 1st quarter worth approximately $30,000. Wealthcare Advisory Partners LLC raised its stake in Viacom by 1,788.6% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 1,322 shares of the company’s stock worth $39,000 after acquiring an additional 1,252 shares during the period. CENTRAL TRUST Co raised its stake in Viacom by 98.8% during the 1st quarter. CENTRAL TRUST Co now owns 1,720 shares of the company’s stock worth $48,000 after acquiring an additional 855 shares during the period. Finally, Bremer Bank National Association bought a new stake in Viacom during the 1st quarter worth approximately $50,000. Hedge funds and other institutional investors own 78.71% of the company’s stock.
Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.
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