Deutsche Bank upgraded shares of Viacom (NASDAQ:VIAB) from a hold rating to a buy rating in a research report report published on Wednesday morning, The Fly reports.
A number of other equities research analysts also recently weighed in on VIAB. Guggenheim raised shares of Viacom from a neutral rating to a buy rating and boosted their price objective for the company from $31.00 to $35.00 in a research report on Wednesday. ValuEngine upgraded shares of Viacom from a strong sell rating to a sell rating in a research report on Saturday, August 10th. BidaskClub upgraded shares of Viacom from a sell rating to a hold rating in a research report on Friday, July 5th. BMO Capital Markets decreased their target price on shares of Viacom from $34.00 to $33.00 and set a market perform rating for the company in a research report on Thursday, May 16th. Finally, Macquarie cut shares of Viacom from an outperform rating to a neutral rating and decreased their target price for the stock from $37.00 to $31.00 in a research report on Wednesday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. Viacom presently has a consensus rating of Hold and a consensus target price of $34.14.
Shares of VIAB traded down $0.51 during midday trading on Wednesday, hitting $26.21. The company had a trading volume of 155,179 shares, compared to its average volume of 4,008,683. The firm has a 50 day moving average price of $30.44. The stock has a market cap of $11.50 billion, a PE ratio of 6.36, a price-to-earnings-growth ratio of 1.02 and a beta of 1.29. Viacom has a 52 week low of $23.31 and a 52 week high of $34.44. The company has a current ratio of 1.36, a quick ratio of 1.15 and a debt-to-equity ratio of 1.02.
Viacom (NASDAQ:VIAB) last released its earnings results on Thursday, August 8th. The company reported $1.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.14. The company had revenue of $3.36 billion during 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 company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.18 EPS. On average, research analysts predict that Viacom will post 4.02 EPS for the current fiscal year.
The business also recently declared 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 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Friday, September 13th. Viacom’s dividend payout ratio is currently 19.42%.
Several large investors have recently modified their holdings of the company. Advisory Services Network LLC lifted its stake in shares of Viacom by 20.9% in the 2nd quarter. Advisory Services Network LLC now owns 1,941 shares of the company’s stock worth $58,000 after acquiring an additional 336 shares during the period. Scotia Capital Inc. lifted its stake in shares of Viacom by 0.4% in the 2nd quarter. Scotia Capital Inc. now owns 91,154 shares of the company’s stock worth $2,723,000 after acquiring an additional 353 shares during the period. Securian Asset Management Inc lifted its stake in shares of Viacom by 1.0% in the 2nd quarter. Securian Asset Management Inc now owns 36,410 shares of the company’s stock worth $1,088,000 after acquiring an additional 354 shares during the period. CWM LLC lifted its stake in shares of Viacom by 28.0% in the 2nd quarter. CWM LLC now owns 1,822 shares of the company’s stock worth $54,000 after acquiring an additional 399 shares during the period. Finally, 6 Meridian lifted its stake in shares of Viacom by 2.5% in the 2nd quarter. 6 Meridian now owns 16,525 shares of the company’s stock worth $494,000 after acquiring an additional 402 shares during the period. 78.71% of the stock is owned by institutional investors.
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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