Pivotal Research Reaffirms “Hold” Rating for Viacom (VIAB)

Pivotal Research reaffirmed their hold rating on shares of Viacom (NASDAQ:VIAB) in a research note issued to investors on Tuesday morning. They currently have a $34.00 target price on the stock.

Other equities analysts also recently issued research reports about the stock. ValuEngine upgraded shares of Viacom from a hold rating to a buy rating in a research note on Friday, February 9th. Zacks Investment Research upgraded shares of Viacom from a hold rating to a buy rating and set a $37.00 target price for the company in a research note on Tuesday, February 13th. Needham & Company LLC upgraded shares of Viacom from a hold rating to a buy rating and set a $40.00 target price for the company in a research note on Thursday, March 15th. They noted that the move was a valuation call. Wells Fargo reiterated a hold rating on shares of Viacom in a research note on Monday, January 29th. Finally, Barclays set a $33.00 target price on shares of Viacom and gave the stock a hold rating in a research note on Tuesday, January 23rd. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $35.00.

Shares of VIAB stock opened at $30.66 on Tuesday. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.41 and a quick ratio of 1.14. The firm has a market cap of $12,577.18, a P/E ratio of 8.13, a PEG ratio of 0.96 and a beta of 1.46. Viacom has a 12 month low of $22.13 and a 12 month high of $44.44.

Viacom (NASDAQ:VIAB) last issued its earnings results on Thursday, February 8th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.09. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.14 billion. Viacom had a net margin of 15.49% and a return on equity of 26.28%. The company’s revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.04 earnings per share. sell-side analysts anticipate that Viacom will post 4.04 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 3rd. Stockholders of record on Thursday, March 15th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.61%. Viacom’s payout ratio is 21.22%.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Viacom by 1.2% in the fourth quarter. BlackRock Inc. now owns 23,226,736 shares of the company’s stock valued at $715,616,000 after buying an additional 264,076 shares during the last quarter. Oldfield Partners LLP raised its holdings in shares of Viacom by 25.6% in the fourth quarter. Oldfield Partners LLP now owns 6,722,920 shares of the company’s stock valued at $207,134,000 after buying an additional 1,368,700 shares during the last quarter. Kiltearn Partners LLP raised its holdings in shares of Viacom by 93.2% in the fourth quarter. Kiltearn Partners LLP now owns 5,037,600 shares of the company’s stock valued at $155,208,000 after buying an additional 2,429,600 shares during the last quarter. Tremblant Capital Group raised its holdings in shares of Viacom by 0.3% in the fourth quarter. Tremblant Capital Group now owns 4,520,883 shares of the company’s stock valued at $139,289,000 after buying an additional 13,105 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Viacom by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 4,040,229 shares of the company’s stock valued at $124,243,000 after buying an additional 120,194 shares during the last quarter. 81.09% of the stock is owned by institutional investors and hedge funds.

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Viacom Company Profile

Viacom, Inc operates media brands that create entertainment content worldwide. The company creates television programs, motion pictures, short-form content, games, consumer products, podcasts, live events, and social media experiences. It operates through two segments, Media Networks and Filmed Entertainment.

Analyst Recommendations for Viacom (NASDAQ:VIAB)

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