Viacom Inc. Announces Dividend of $0.20 (VIA)
Viacom Inc. (NASDAQ:VIA) announced a dividend on Wednesday, September 21st. Shareholders of record on Monday, September 26th will be given a dividend of 0.20 per share on Monday, October 3rd. The ex-dividend date is Thursday, September 22nd.
Several hedge funds have recently made changes to their positions in the company. Panagora Asset Management Inc. purchased a new stake in shares of Viacom during the second quarter worth approximately $111,000. BlackRock Advisors LLC purchased a new stake in shares of Viacom during the second quarter worth approximately $225,000. Alliancebernstein L.P. purchased a new stake in shares of Viacom during the second quarter worth approximately $227,000. Raymond James & Associates purchased a new stake in shares of Viacom during the second quarter worth approximately $242,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of Viacom during the second quarter worth approximately $265,000. Institutional investors own 2.18% of the company’s stock.
Shares of Viacom (NASDAQ:VIA) traded down 0.10% during midday trading on Wednesday, hitting $40.45. The stock had a trading volume of 46,877 shares. The firm has a 50-day moving average of $45.58 and a 200 day moving average of $45.67. Viacom has a 12-month low of $33.88 and a 12-month high of $54.69. The firm has a market cap of $16.04 billion, a PE ratio of 7.79 and a beta of 1.25.
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Several equities analysts have recently weighed in on the company. BTIG Research raised Viacom from a “neutral” rating to a “buy” rating in a research note on Thursday, June 16th. TheStreet raised Viacom from a “hold” rating to a “buy” rating in a research note on Tuesday, May 24th. Wunderlich reaffirmed a “buy” rating and issued a $87.00 price objective on shares of Viacom in a research note on Friday, June 17th. Brean Capital raised Viacom from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Tuesday, September 13th. Finally, Argus reaffirmed a “hold” rating on shares of Viacom in a research note on Monday, August 15th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $49.00.
Viacom Inc (Viacom) is an entertainment content company that connects with audiences in over 160 countries and territories and creates compelling television programs, motion pictures, short-form video, applications, games, consumer products, social media and other entertainment content. The Company operates through two segments: Media Networks and Filmed Entertainment.
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