Analysts Set Viacom Inc. (VIA) Target Price at $43.33

Viacom Inc. (NASDAQ:VIA) has been given a consensus recommendation of “Hold” by the sixteen research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $43.33.

VIA has been the subject of several research reports. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price target on shares of Viacom in a research note on Friday, April 14th. Barrington Research reiterated an “outperform” rating on shares of Viacom in a research note on Friday, May 19th.

Viacom (NASDAQ:VIA) traded down 0.26% during midday trading on Tuesday, reaching $38.70. 189,791 shares of the company’s stock were exchanged. The company has a market cap of $15.55 billion, a price-to-earnings ratio of 12.79 and a beta of 1.40. The firm has a 50-day moving average price of $39.11 and a 200 day moving average price of $42.75. Viacom has a 12-month low of $36.25 and a 12-month high of $50.81.

Viacom (NASDAQ:VIA) last issued its quarterly earnings results on Thursday, May 4th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.20. The company had revenue of $3.26 billion during the quarter. Viacom had a net margin of 9.32% and a return on equity of 32.00%. On average, analysts expect that Viacom will post $3.70 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Thursday, June 15th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Tuesday, June 13th. Viacom’s dividend payout ratio (DPR) is 26.40%.

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Hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. increased its stake in shares of Viacom by 4.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 9,804 shares of the company’s stock valued at $478,000 after buying an additional 448 shares during the period. Morgan Stanley increased its stake in shares of Viacom by 17.9% in the first quarter. Morgan Stanley now owns 87,499 shares of the company’s stock valued at $4,267,000 after buying an additional 13,255 shares during the period. UBS Group AG increased its stake in shares of Viacom by 0.5% in the first quarter. UBS Group AG now owns 40,763 shares of the company’s stock valued at $1,988,000 after buying an additional 193 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Viacom by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 64,855 shares of the company’s stock valued at $3,161,000 after buying an additional 962 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Viacom by 33.6% in the first quarter. Geode Capital Management LLC now owns 42,025 shares of the company’s stock valued at $2,048,000 after buying an additional 10,579 shares during the period. 1.88% of the stock is currently owned by institutional investors.

Viacom Company Profile

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.

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