Viacom (NASDAQ:VIAB) Downgraded to “Neutral” at Macquarie

Macquarie cut shares of Viacom (NASDAQ:VIAB) from an outperform rating to a neutral rating in a research note released on Wednesday morning, BenzingaRatingsTable reports. The brokerage currently has $31.00 price objective on the stock, down from their previous price objective of $37.00.

A number of other research analysts also recently weighed in on VIAB. TheStreet raised shares of Viacom from a c+ rating to a b- rating in a research report on Friday, April 26th. BMO Capital Markets decreased their target price on shares of Viacom from $34.00 to $33.00 and set a market perform rating for the company in a report on Thursday, May 16th. BidaskClub raised shares of Viacom from a sell rating to a hold rating in a report on Friday, July 5th. Finally, ValuEngine raised shares of Viacom from a strong sell rating to a sell rating in a report on Saturday, August 10th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. Viacom currently has an average rating of Hold and an average target price of $34.14.

Shares of VIAB traded down $0.86 on Wednesday, reaching $25.86. The company’s stock had a trading volume of 389,356 shares, compared to its average volume of 4,008,683. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.02. The firm has a market cap of $11.50 billion, a PE ratio of 6.28, a PEG ratio of 1.02 and a beta of 1.29. Viacom has a twelve month low of $23.31 and a twelve month high of $34.44. The company has a fifty day moving average of $30.44.

Viacom (NASDAQ:VIAB) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.14. The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.33 billion. Viacom had a net margin of 12.68% and a return on equity of 21.71%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $1.18 EPS. Equities research analysts forecast that Viacom will post 4.02 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be paid a $0.20 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.80 dividend on an annualized basis and a yield of 3.09%. Viacom’s dividend payout ratio (DPR) is currently 19.42%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Trust Co. of Vermont raised its position in Viacom by 514.7% during 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 in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Viacom during the first quarter worth $30,000. Wealthcare Advisory Partners LLC lifted its holdings in shares of Viacom by 1,788.6% during the second quarter. Wealthcare Advisory Partners LLC now owns 1,322 shares of the company’s stock worth $39,000 after purchasing an additional 1,252 shares during the period. CSat Investment Advisory L.P. raised its position in Viacom by 55.7% in the second 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. Finally, CENTRAL TRUST Co raised its position in Viacom by 98.8% in the first quarter. CENTRAL TRUST Co now owns 1,720 shares of the company’s stock worth $48,000 after acquiring an additional 855 shares in the last quarter. Hedge funds and other institutional investors own 78.71% of the company’s stock.

About Viacom

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.

Read More: Hold Rating

Analyst Recommendations for Viacom (NASDAQ:VIAB)

Receive News & Ratings for Viacom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom and related companies with's FREE daily email newsletter.