Brokerages Set Viacom, Inc. (VIA) Price Target at $39.75

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.

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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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