Viacom (VIAB) Given Hold Rating at Pivotal Research

Pivotal Research reissued their hold rating on shares of Viacom (NASDAQ:VIAB) in a research report released on Tuesday morning, MarketBeat reports. Pivotal Research currently has a $30.00 target price on the stock, up from their previous target price of $27.00.

Several other brokerages have also recently weighed in on VIAB. BidaskClub upgraded shares of Viacom from a strong sell rating to a sell rating in a research report on Friday, December 22nd. Loop Capital reiterated a hold rating and set a $28.00 price objective on shares of Viacom in a research report on Wednesday, December 27th. Macquarie cut shares of Viacom from a neutral rating to an underperform rating and set a $26.00 price objective on the stock. in a research report on Tuesday, January 2nd. Barrington Research lowered shares of Viacom from an outperform rating to a market perform rating in a research note on Tuesday, January 2nd. Finally, Wells Fargo & Co reaffirmed a market perform rating and issued a $32.00 price objective (up from $25.00) on shares of Viacom in a research note on Thursday, January 4th. Seven analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the company. Viacom presently has a consensus rating of Hold and a consensus price target of $35.04.

Viacom (NASDAQ VIAB) traded up $1.65 during trading on Tuesday, hitting $30.81. 6,355,500 shares of the stock traded hands, compared to its average volume of 5,020,288. Viacom has a 52-week low of $22.13 and a 52-week high of $46.72. The company has a market capitalization of $12,630.00, a PE ratio of 6.61, a P/E/G ratio of 1.03 and a beta of 1.60. 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 (NASDAQ:VIAB) last announced its quarterly earnings results on Thursday, November 16th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.09). Viacom had a return on equity of 28.95% and a net margin of 14.13%. The business had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter in the prior year, the firm posted $1.54 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. sell-side analysts expect that Viacom will post 3.77 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were issued a $0.20 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.80 annualized dividend and a yield of 2.60%. Viacom’s dividend payout ratio (DPR) is presently 17.17%.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Viacom by 28.9% in the 2nd quarter. Vanguard Group Inc. now owns 28,964,262 shares of the company’s stock worth $972,330,000 after buying an additional 6,496,269 shares during the period. BlackRock Inc. increased its holdings in Viacom by 6.4% in the 2nd quarter. BlackRock Inc. now owns 22,863,371 shares of the company’s stock worth $767,522,000 after buying an additional 1,377,520 shares during the period. FMR LLC increased its holdings in Viacom by 17.3% in the 2nd quarter. FMR LLC now owns 10,918,953 shares of the company’s stock worth $366,551,000 after buying an additional 1,607,844 shares during the period. Capital International Investors increased its holdings in Viacom by 19.3% in the 3rd quarter. Capital International Investors now owns 8,761,721 shares of the company’s stock worth $243,926,000 after buying an additional 1,418,000 shares during the period. Finally, Oldfield Partners LLP increased its holdings in Viacom by 13.2% in the 3rd quarter. Oldfield Partners LLP now owns 5,354,220 shares of the company’s stock worth $149,061,000 after buying an additional 625,600 shares during the period. Institutional investors own 79.20% of the company’s stock.

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About Viacom

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.

Analyst Recommendations for Viacom (NASDAQ:VIAB)

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