Viacom (VIAB) Raised to “Hold” at BidaskClub

BidaskClub upgraded shares of Viacom (NASDAQ:VIAB) from a sell rating to a hold rating in a research report report published on Saturday.

VIAB has been the subject of a number of other research reports. Morgan Stanley reduced their price objective on Viacom from $42.00 to $38.00 and set an overweight rating for the company in a research report on Friday, October 13th. Zacks Investment Research cut Viacom from a hold rating to a strong sell rating in a research report on Tuesday, October 3rd. Guggenheim reissued a buy rating and set a $37.00 price objective (down previously from $40.00) on shares of Viacom in a research report on Friday, October 6th. Credit Suisse Group set a $38.00 price objective on Viacom and gave the company a buy rating in a research report on Wednesday, November 1st. Finally, Deutsche Bank reduced their price objective on Viacom to $25.00 and set a sell rating for the company in a research report on Monday, October 23rd. Seven investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $35.04.

Shares of Viacom (NASDAQ:VIAB) opened at $31.38 on Friday. The company has a market capitalization of $12,870.00, a price-to-earnings ratio of 6.73, a PEG ratio of 1.19 and a beta of 1.60. The company has a quick ratio of 1.30, a current ratio of 1.55 and a debt-to-equity ratio of 1.81. Viacom has a 12-month low of $22.13 and a 12-month high of $46.72.

Viacom (NASDAQ:VIAB) last issued its earnings results on Thursday, November 16th. The company reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.09). The business had revenue of $3.32 billion during 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 quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $1.54 EPS. research analysts expect that Viacom will post 3.76 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.80 annualized dividend and a yield of 2.55%. Viacom’s dividend payout ratio (DPR) is currently 17.17%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. increased its stake in shares of Viacom by 36.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 33,302 shares of the company’s stock worth $1,118,000 after purchasing an additional 8,932 shares during the period. State of New Jersey Common Pension Fund D increased its stake in shares of Viacom by 83.3% in the third quarter. State of New Jersey Common Pension Fund D now owns 2,200,000 shares of the company’s stock worth $61,248,000 after purchasing an additional 1,000,000 shares during the period. Cubist Systematic Strategies LLC increased its stake in shares of Viacom by 1,592.5% in the second quarter. Cubist Systematic Strategies LLC now owns 82,950 shares of the company’s stock worth $2,785,000 after purchasing an additional 78,049 shares during the period. Strs Ohio increased its stake in shares of Viacom by 32.7% in the third quarter. Strs Ohio now owns 304,539 shares of the company’s stock worth $8,478,000 after purchasing an additional 75,000 shares during the period. Finally, Callahan Advisors LLC increased its stake in shares of Viacom by 8.5% in the third quarter. Callahan Advisors LLC now owns 56,175 shares of the company’s stock worth $1,564,000 after purchasing an additional 4,400 shares during the period. Institutional investors own 79.19% 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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