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.
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