ViacomCBS Inc. (NASDAQ: VIAC) is 3.06% higher on its value in year-to-date trading and has touched a low of $14.66 and a high of $101.97 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VIAC stock was last observed hovering at around $39.35 in the last trading session, with the day’s loss setting it -0.95% off its average median price target of $55.00 for the next 12 months. It is also 68.0% off the consensus price target high of $120.00 offered by 28 analysts, but current levels are -66.96% lower than the price target low of $23.00 for the same period.
Currently trading at $38.40, the stock is -28.18% and -39.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 44.66 million and changing -2.41% at the moment leaves the stock -3.44% off its SMA200. VIAC registered 143.04% gain for a year compared to 6-month gain of 37.98%. The firm has a 50-day simple moving average (SMA 50) of $72.27 and a 200-day simple moving average (SMA200) of $45.09.
The stock witnessed a -60.31% loss in the last 1 month and extending the period to 3 months gives it a -15.23%, and is -3.44% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.27% over the week and 9.58% over the month.
ViacomCBS Inc. (VIAC) has around 22109 employees, a market worth around $24.89B and $25.29B in sales. Current P/E ratio is 10.30 and Fwd P/E is 8.98. Profit margin for the company is 9.60%. Distance from 52-week low is 161.94% and -62.34% from its 52-week high. The company has generated returns on investments over the last 12 months (9.90%).
ViacomCBS Inc. (VIAC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for ViacomCBS Inc. (VIAC) is a “Hold”. 28 analysts offering their recommendations for the stock have an average rating of 3.10, where 11 rate it as a Hold and 1 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 8 analysts have rated the stock as a Sell or Underperform.
ViacomCBS Inc. is expected to release its quarterly report on 08/12/2021 and quarterly earnings per share for the current quarter are estimated at $1.2 with sales reaching $7.3B over the same period.The EPS is expected to shrink by -26.30% this year, but quarterly earnings will post 9.80% year-over-year. Quarterly sales are estimated to grow 9.50% in year-over-year returns.
ViacomCBS Inc. (VIAC) Top Institutional Holders
1,122 institutions hold shares in ViacomCBS Inc. (VIAC), with 22.94M shares held by insiders accounting for 3.70% while institutional investors hold 92.02% of the company’s shares. The shares outstanding are 619.00M, and float is at 552.32M with Short Float at 18.15%. Institutions hold 88.61% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 59.27 million shares valued at $2.21 billion. The investor’s holdings represent 9.79% of the VIAC Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 46.51 million shares valued at $1.73 billion to account for 7.68% of the shares outstanding. The other top investors are Morgan Stanley which holds 43.22 million shares representing 7.14% and valued at over $1.61 billion, while Credit Suisse Ag/ holds 6.00% of the shares totaling 36.34 million with a market value of $1.35 billion.
ViacomCBS Inc. (VIAC) Insider Activity
A total of 91 insider transactions have happened at ViacomCBS Inc. (VIAC) in the last six months, with sales accounting for 29 and purchases happening 62 times. The most recent transaction is an insider sale by Lea DeDe, the company’s EVP, Pub Pol’y & Gov Relations. SEC filings show that Lea DeDe sold 23,099 shares of the company’s common stock on Mar 11 at a price of $86.70 per share for a total of $2.0 million. Following the sale, the insider now owns 30019.0 shares.
ViacomCBS Inc. disclosed in a document filed with the SEC on Mar 10 that Jones Richard M (EVP, General Tax Counsel) sold a total of 40,285 shares of the company’s common stock. The trade occurred on Mar 10 and was made at $80.62 per share for $3.25 million. Following the transaction, the insider now directly holds 0.0 shares of the VIAC stock.
Still, SEC filings show that on Mar 03, Phelps Julia (EVP, Chief Comms & Corp Mktg) disposed off 1,523 shares at an average price of $70.82 for $0.11 million. The insider now directly holds 10,639 shares of ViacomCBS Inc. (VIAC).