Shares of Viacom, Inc. (NASDAQ:VIAB) have received a consensus rating of “Hold” from the twenty-one research firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, six have given a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $31.31.
A number of equities analysts have recently issued reports on VIAB shares. Guggenheim reaffirmed a “buy” rating on shares of Viacom in a research report on Wednesday, September 4th. Barclays reduced their price target on Viacom from $33.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Monday, October 21st. BidaskClub raised Viacom from a “hold” rating to a “buy” rating in a research report on Wednesday, November 27th. Wells Fargo & Co reduced their price target on Viacom from $23.00 to $18.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, Macquarie downgraded Viacom from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $37.00 to $31.00 in a research report on Wednesday, August 14th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Trust Co. of Vermont boosted its holdings in Viacom by 514.7% in the second quarter. Trust Co. of Vermont now owns 836 shares of the company’s stock valued at $25,000 after purchasing an additional 700 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its stake in shares of Viacom by 1,788.6% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 1,322 shares of the company’s stock worth $39,000 after acquiring an additional 1,252 shares in the last quarter. Griffin Asset Management Inc. purchased a new stake in shares of Viacom during the 2nd quarter worth about $39,000. Financial Gravity Wealth Inc. boosted its stake in shares of Viacom by 227.6% during the 3rd quarter. Financial Gravity Wealth Inc. now owns 1,651 shares of the company’s stock worth $40,000 after acquiring an additional 1,147 shares in the last quarter. Finally, CSat Investment Advisory L.P. boosted its stake in shares of Viacom by 55.7% during the 2nd quarter. CSat Investment Advisory L.P. now owns 1,529 shares of the company’s stock worth $45,000 after acquiring an additional 547 shares in the last quarter. 73.78% of the stock is currently owned by hedge funds and other institutional investors.
Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Thursday, November 14th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.03. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.44 billion. Viacom had a net margin of 12.06% and a return on equity of 20.04%. Viacom’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.99 earnings per share. As a group, analysts predict that Viacom will post 4.22 EPS for the current fiscal year.
Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.
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