Rosenblatt Securities reiterated their sell rating on shares of Viacom (NASDAQ:VIA) in a research report released on Tuesday, January 16th. The firm currently has a $45.00 price objective on the stock.
Several other brokerages also recently weighed in on VIA. Citigroup downgraded Viacom from a neutral rating to a sell rating in a research note on Monday, October 9th. Loop Capital restated a hold rating and set a $27.00 target price (down previously from $28.00) on shares of Viacom in a research note on Wednesday, December 27th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $39.00.
Shares of Viacom (NASDAQ:VIA) opened at $39.30 on Tuesday. Viacom has a fifty-two week low of $28.20 and a fifty-two week high of $49.00. The company has a market capitalization of $15,768.47, a price-to-earnings ratio of 8.42 and a beta of 1.43. The company has a current ratio of 1.55, a quick ratio of 1.30 and a debt-to-equity ratio of 1.81.
Viacom (NASDAQ:VIA) last announced its quarterly earnings data on Thursday, November 16th. The company reported $0.77 earnings per share (EPS) for the quarter. Viacom had a return on equity of 28.95% and a net margin of 14.13%.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.04%. Viacom’s dividend payout ratio is 17.13%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc increased its stake in shares of Viacom by 3,470.8% in the 2nd quarter. Legal & General Group Plc now owns 3,428 shares of the company’s stock valued at $130,000 after buying an additional 3,332 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of 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 during the period. Citigroup Inc. acquired a new stake in shares of Viacom during the second quarter worth $195,000. Berkshire Asset Management LLC PA acquired a new stake in shares of Viacom during the fourth quarter worth $202,000. Finally, California Public Employees Retirement System acquired a new stake in shares of Viacom during the third quarter worth $215,000. 2.40% of the stock is owned by institutional investors.
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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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