Shares of Viacom Inc. (NASDAQ:VIA) have earned an average rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $39.75.
VIA has been the topic of several recent research reports. UBS restated a “buy” rating and issued a $45.00 price objective (down from $50.00) on shares of Viacom in a research report on Wednesday, August 9th. Citigroup downgraded Viacom from a “neutral” rating to a “sell” rating in a research report on Monday, October 9th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VIA. Legal & General Group Plc lifted its position in Viacom by 3,470.8% during the second quarter. Legal & General Group Plc now owns 3,428 shares of the company’s stock worth $130,000 after buying an additional 3,332 shares during the period. Public Employees Retirement System of Ohio lifted its position in Viacom by 31.3% during the second quarter. Public Employees Retirement System of Ohio now owns 4,386 shares of the company’s stock worth $167,000 after buying an additional 1,046 shares during the period. Citigroup Inc. purchased a new position in Viacom during the second quarter worth about $195,000. California Public Employees Retirement System purchased a new position in Viacom during the third quarter worth about $215,000. Finally, Pinnacle Associates Ltd. lifted its position in Viacom by 50.7% during the second quarter. Pinnacle Associates Ltd. now owns 7,315 shares of the company’s stock worth $278,000 after buying an additional 2,460 shares during the period. Hedge funds and other institutional investors own 2.40% of the company’s stock.
Shares of Viacom (NASDAQ VIA) traded up $0.25 during trading hours on Thursday, hitting $34.25. The stock had a trading volume of 40,855 shares, compared to its average volume of 77,729. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.55 and a quick ratio of 1.30. Viacom has a twelve month low of $28.20 and a twelve month high of $49.00. The stock has a market capitalization of $13,777.30, a P/E ratio of 9.08 and a beta of 1.43.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be given a $0.20 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.34%. Viacom’s dividend payout ratio is currently 17.13%.
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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