Separately, UBS AG reaffirmed a buy rating and issued a $45.00 price objective (down previously from $50.00) on shares of Viacom in a research note on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Viacom has an average rating of Hold and a consensus price target of $43.13.
Shares of Viacom (NASDAQ:VIA) opened at 32.45 on Monday. Viacom has a 12 month low of $30.55 and a 12 month high of $49.00. The firm has a 50-day moving average of $36.97 and a 200-day moving average of $39.90. The firm has a market cap of $13.05 billion, a price-to-earnings ratio of 8.93 and a beta of 1.43.
Viacom (NASDAQ:VIA) last released its quarterly earnings results on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.12. Viacom had a net margin of 11.04% and a return on equity of 30.89%. The business had revenue of $3.36 billion during the quarter. On average, analysts anticipate that Viacom will post $3.55 EPS for the current year.
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The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.47%. Viacom’s dividend payout ratio is currently 21.98%.
A number of large investors have recently bought and sold shares of VIA. Capital Research Global Investors bought a new stake in Viacom during the 2nd quarter valued at $30,817,000. FMR LLC raised its holdings in Viacom by 133.4% during the 2nd quarter. FMR LLC now owns 1,050,751 shares of the company’s stock valued at $39,981,000 after buying an additional 600,581 shares during the last quarter. Vanguard Group Inc. raised its holdings in Viacom by 563.5% during the 2nd quarter. Vanguard Group Inc. now owns 191,623 shares of the company’s stock valued at $7,291,000 after buying an additional 162,744 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in Viacom by 3.8% during the 2nd quarter. Gamco Investors INC. ET AL now owns 3,160,011 shares of the company’s stock valued at $120,238,000 after buying an additional 116,850 shares during the last quarter. Finally, Lumina Fund Management LLC raised its holdings in Viacom by 11.9% during the 2nd quarter. Lumina Fund Management LLC now owns 211,200 shares of the company’s stock valued at $7,090,000 after buying an additional 22,500 shares during the last quarter. Institutional investors own 2.28% 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.
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