Viacom, Inc. (VIA) Given Consensus Recommendation of “Hold” by Brokerages

Viacom, Inc. (NASDAQ:VIA) has earned a consensus recommendation of “Hold” from the six analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $39.00.

Several brokerages have weighed in on VIA. Loop Capital reiterated a “hold” rating and issued a $27.00 target price (down from $28.00) on shares of Viacom in a research note on Wednesday, December 27th. Citigroup downgraded Viacom from a “neutral” rating to a “sell” rating in a research note on Monday, October 9th.

Shares of Viacom (VIA) traded up $0.25 during mid-day trading on Monday, hitting $33.55. The company’s stock had a trading volume of 34,527 shares, compared to its average volume of 47,771. Viacom has a one year low of $28.20 and a one year high of $49.00. The stock has a market cap of $13,395.16, a P/E ratio of 7.18 and a beta of 1.43. The company has a quick ratio of 1.30, a current ratio of 1.55 and a debt-to-equity ratio of 1.81.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.38%. Viacom’s dividend payout ratio (DPR) is presently 17.13%.

Several institutional investors have recently bought and sold shares of VIA. Schwab Charles Investment Management Inc. boosted its position in Viacom by 4.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 9,804 shares of the company’s stock worth $478,000 after purchasing an additional 448 shares in the last quarter. Public Employees Retirement System of Ohio boosted 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 purchasing an additional 1,046 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Viacom by 11.0% during the second quarter. Goldman Sachs Group Inc. now owns 14,489 shares of the company’s stock worth $551,000 after purchasing an additional 1,431 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Viacom by 13.2% during the third quarter. Janney Montgomery Scott LLC now owns 15,895 shares of the company’s stock worth $583,000 after purchasing an additional 1,850 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Viacom by 2.9% during the third quarter. Dimensional Fund Advisors LP now owns 70,190 shares of the company’s stock worth $2,576,000 after purchasing an additional 1,961 shares in the last quarter. Hedge funds and other institutional investors own 2.40% 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:VIA)

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