Macquarie Lowers Viacom (VIAB) to Underperform

Macquarie cut shares of Viacom (NASDAQ:VIAB) from a neutral rating to an underperform rating in a report released on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has $26.00 price target on the stock.

VIAB has been the subject of a number of other research reports. Zacks Investment Research raised shares of Viacom from a sell rating to a hold rating in a research report on Monday, November 20th. Cowen reissued a neutral rating on shares of Viacom in a research report on Friday, November 17th. Deutsche Bank dropped their target price on shares of Viacom to $25.00 and set a sell rating for the company in a research report on Monday, October 23rd. B. Riley reissued a neutral rating on shares of Viacom in a research report on Wednesday, November 1st. Finally, Telsey Advisory Group reissued a market perform rating and set a $33.00 target price (down previously from $42.00) on shares of Viacom in a research report on Friday, November 17th. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $34.86.

Viacom (NASDAQ:VIAB) traded down $0.39 during midday trading on Tuesday, hitting $29.56. 5,323,800 shares of the stock were exchanged, compared to its average volume of 4,677,600. The firm has a market cap of $11,970.00, a P/E ratio of 6.34, a P/E/G ratio of 1.06 and a beta of 1.60. Viacom has a one year low of $22.13 and a one year high of $46.72. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.30 and a current ratio of 1.55.

Viacom (NASDAQ:VIAB) last posted its earnings results on Thursday, November 16th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.09). The business 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 firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the company posted $1.54 EPS. analysts expect that Viacom will post 3.77 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend was Thursday, December 14th. Viacom’s dividend payout ratio (DPR) is currently 17.17%.

Institutional investors have recently added to or reduced their stakes in the company. Johnson Financial Group Inc. acquired a new stake in shares of Viacom during the 2nd quarter valued at approximately $108,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Viacom by 13.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,686 shares of the company’s stock valued at $124,000 after acquiring an additional 423 shares in the last quarter. Wall Street Access Asset Management LLC raised its position in shares of Viacom by 1.1% during the 2nd quarter. Wall Street Access Asset Management LLC now owns 6,315 shares of the company’s stock valued at $212,000 after acquiring an additional 70 shares in the last quarter. Capital Guardian Trust Co. raised its position in shares of Viacom by 2.7% during the 2nd quarter. Capital Guardian Trust Co. now owns 6,460 shares of the company’s stock valued at $217,000 after acquiring an additional 168 shares in the last quarter. Finally, Marathon Trading Investment Management LLC acquired a new stake in shares of Viacom during the 3rd quarter valued at approximately $237,000. Institutional investors own 79.20% of the company’s stock.

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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.

Analyst Recommendations for Viacom (NASDAQ:VIAB)

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