Analysts Expect Viacom Inc

Viacom Inc

Viacom Inc

Viacom Inc. (NASDAQ:VIAB) had its price target reduced by research analysts at B. Riley from $33.00 to $30.00 in a research note issued on Wednesday. (NASDAQ:VIAB) by 5.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 103,456 shares of the company's stock, valued at approximately $2,869,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Viacom Inc New now has $11.03B valuation.

The stock decreased 2.13% or $0.58 during the last trading session, reaching $26.68. First Personal Financial Services increased its stake in Viacom by 5.9% during the 2nd quarter. State Treasurer State of MI now owns 115,804 shares of the company's stock valued at $3,888,000 after purchasing an additional 1,700 shares in the last quarter. APG Asset Management N.V. grew its position in shares of Viacom by 7.2% in the second quarter. Johnson Financial Group Inc. purchased a new stake in Viacom during the 2nd quarter worth approximately $108,000. Delta Asset Management LLC TN now owns 4,358 shares of the company's stock worth $146,000 after buying an additional 475 shares during the period. It's a hedge fund company that specializes in services and consumer goods.

COPYRIGHT VIOLATION NOTICE: This story was reported by Week Herald and is owned by of Week Herald. (NASDAQ:VIAB) were released by: Nasdaq.com and their article: "Viacom Inc". Citigroup downgraded the shares of VIAB in report on Monday, October 9 to "Sell" rating. BidaskClub upgraded shares of Viacom from a "sell" rating to a "hold" rating in a report on Tuesday, August 1st. Atlantic Securities downgraded shares of Viacom from a "neutral" rating to an "underweight" rating and dropped their target price for the company from $45.00 to $30.00 in a report on Friday, August 4th. (NASDAQ:VIAB) on Friday, November 17 with "Buy" rating. BMO Capital Markets maintained the shares of VIAB in report on Monday, September 11 with "Hold" rating. Six analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have assigned a buy rating to the stock. As per Thursday, October 13, the company rating was upgraded by Bank of America.

Viacom Inc. has a 52-week low of $22.13 and a 52-week high of $46.72. (VIAB) traded down $0.58 during trading on Thursday, hitting $26.68. The last closing price is down -22.78% from the 200-day moving average, compared to the S&P 500 which has increased 0.01% over the same time period. The company has a current ratio of 1.55, a quick ratio of 1.30 and a debt-to-equity ratio of 1.81.

Viacom (NASDAQ:VIAB) last posted its 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). The firm had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.23 billion. Viacom had a return on equity of 28.95% and a net margin of 14.13%. The business's revenue for the quarter was up 2.9% compared to the same quarter past year. During the same quarter last year, the business earned $1.54 earnings per share. analysts expect that Viacom Inc. will post 3.8 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.24%. Viacom's dividend payout ratio is now 17.13%. The Media Networks segment creates, acquires and distributes programming and other content for audiences The Media Networks segment provides entertainment content and related branded products for advertisers, content distributors and retailers.

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