Viacom, Inc. (NASDAQ:VIA) has been given a consensus rating of “Hold” by the seven analysts that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $39.75.
Separately, Citigroup downgraded shares of Viacom from a “neutral” rating to a “sell” rating in a research report on Monday, October 9th.
Shares of Viacom (NASDAQ VIA) traded down $0.25 during trading on Thursday, reaching $33.95. 55,006 shares of the company’s stock were exchanged, compared to its average volume of 77,296. The stock has a market cap of $12,000.00, a P/E ratio of 9.02 and a beta of 1.43. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.30 and a current ratio of 1.55. Viacom has a 52 week low of $28.20 and a 52 week high of $49.00.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.36%. Viacom’s payout ratio is currently 17.17%.
A number of institutional investors have recently made changes to their positions in the business. Gamco Investors INC. ET AL raised its position in Viacom by 3.8% during the 2nd quarter. Gamco Investors INC. ET AL now owns 3,160,011 shares of the company’s stock worth $120,238,000 after buying an additional 116,850 shares during the last quarter. FMR LLC raised its position in Viacom by 133.4% during the 2nd quarter. FMR LLC now owns 1,050,751 shares of the company’s stock worth $39,981,000 after buying an additional 600,581 shares during the last quarter. Capital Research Global Investors purchased a new position in Viacom during the 2nd quarter worth $30,817,000. Lumina Fund Management LLC raised its position in Viacom by 11.9% during the 2nd quarter. Lumina Fund Management LLC now owns 211,200 shares of the company’s stock worth $7,090,000 after buying an additional 22,500 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Viacom by 563.5% during the 2nd quarter. Vanguard Group Inc. now owns 191,623 shares of the company’s stock worth $7,291,000 after buying an additional 162,744 shares during the last quarter. Institutional investors own 2.40% of the company’s stock.
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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