Shares of Viacom, Inc. (NASDAQ:VIAB) have received a consensus rating of “Buy” from the eighteen ratings firms that are covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $34.33.
Several brokerages have recently commented on VIAB. BidaskClub raised Viacom from a “sell” rating to a “hold” rating in a research note on Friday, July 5th. Royal Bank of Canada raised Viacom from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $31.00 to $36.00 in a research note on Thursday, April 4th. BMO Capital Markets decreased their price target on Viacom from $34.00 to $33.00 and set a “market perform” rating on the stock in a research note on Thursday, May 16th. ValuEngine raised Viacom from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Finally, TheStreet raised Viacom from a “c+” rating to a “b-” rating in a research note on Friday, April 26th.
Large investors have recently made changes to their positions in the company. AQR Capital Management LLC lifted its stake in Viacom by 40.5% in the 1st quarter. AQR Capital Management LLC now owns 10,680,153 shares of the company’s stock valued at $294,131,000 after buying an additional 3,076,039 shares in the last quarter. Norges Bank purchased a new position in shares of Viacom during the 4th quarter worth $75,545,000. MERIAN GLOBAL INVESTORS UK Ltd lifted its stake in shares of Viacom by 836.3% during the 1st quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,850,277 shares of the company’s stock worth $80,007,000 after purchasing an additional 2,545,862 shares during the period. Thompson Siegel & Walmsley LLC lifted its stake in shares of Viacom by 41.3% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 3,579,799 shares of the company’s stock worth $100,485,000 after purchasing an additional 1,046,796 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Viacom by 20.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,147,775 shares of the company’s stock worth $132,310,000 after purchasing an additional 865,520 shares during the period. 79.96% of the stock is currently owned by institutional investors and hedge funds.
Viacom (NASDAQ:VIAB) last released its earnings results on Friday, May 10th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.15. Viacom had a return on equity of 22.60% and a net margin of 12.63%. The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. As a group, equities analysts expect that Viacom will post 4.03 EPS for the current 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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