Shares of Viacom, Inc. (NASDAQ:VIAB) have received an average rating of “Hold” from the twenty analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $33.92.
VIAB has been the subject of several research analyst reports. BMO Capital Markets dropped their target price on shares of Viacom from $34.00 to $33.00 and set a “market perform” rating for the company in a research report on Thursday, May 16th. Guggenheim raised shares of Viacom from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $31.00 to $35.00 in a research report on Wednesday, August 14th. TheStreet raised shares of Viacom from a “c+” rating to a “b-” rating in a research report on Friday, April 26th. Deutsche Bank raised shares of Viacom from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. Finally, Macquarie lowered shares of Viacom from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $37.00 to $31.00 in a report on Wednesday, August 14th.
Shares of VIAB traded down $1.22 during midday trading on Monday, hitting $24.65. The company had a trading volume of 5,744,376 shares, compared to its average volume of 6,227,388. The company’s 50 day moving average price is $29.70 and its 200 day moving average price is $29.21. The stock has a market cap of $10.58 billion, a price-to-earnings ratio of 5.98, a PEG ratio of 0.95 and a beta of 1.29. Viacom has a 52 week low of $23.31 and a 52 week high of $34.44. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.02.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Friday, September 13th. Viacom’s dividend payout ratio (DPR) is presently 19.42%.
Several hedge funds and other institutional investors have recently bought and sold shares of VIAB. Advisory Services Network LLC boosted its stake in Viacom by 20.9% during the 2nd quarter. Advisory Services Network LLC now owns 1,941 shares of the company’s stock valued at $58,000 after purchasing an additional 336 shares during the period. Scotia Capital Inc. boosted its stake in Viacom by 0.4% during the 2nd quarter. Scotia Capital Inc. now owns 91,154 shares of the company’s stock valued at $2,723,000 after purchasing an additional 353 shares during the period. Securian Asset Management Inc boosted its stake in Viacom by 1.0% during the 2nd quarter. Securian Asset Management Inc now owns 36,410 shares of the company’s stock valued at $1,088,000 after purchasing an additional 354 shares during the period. CWM LLC boosted its stake in Viacom by 28.0% during the 2nd quarter. CWM LLC now owns 1,822 shares of the company’s stock valued at $54,000 after purchasing an additional 399 shares during the period. Finally, 6 Meridian boosted its stake in Viacom by 2.5% during the 2nd quarter. 6 Meridian now owns 16,525 shares of the company’s stock valued at $494,000 after purchasing an additional 402 shares during the period. 77.56% of the stock is owned by institutional investors and hedge funds.
Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.
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