Viacom Inc. (NASDAQ:VIAB) declared a quarterly dividend on Wednesday, September 21st. Stockholders of record on Thursday, September 22nd will be paid a dividend of 0.20 per share on Monday, October 3rd. This represents a $0.80 annualized dividend and a dividend yield of 2.21%.

Viacom (NASDAQ:VIAB) traded up 1.08% during trading on Wednesday, hitting $36.55. The stock had a trading volume of 2,028,180 shares. The company has a market cap of $14.50 billion, a PE ratio of 7.04 and a beta of 1.43. Viacom has a 12 month low of $30.11 and a 12 month high of $53.35. The company’s 50 day moving average is $40.82 and its 200-day moving average is $41.51.

Viacom (NASDAQ:VIAB) last posted its quarterly earnings results on Thursday, August 4th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. Viacom had a return on equity of 46.74% and a net margin of 15.85%. The firm earned $3.11 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter last year, the firm earned $1.47 earnings per share. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities research analysts predict that Viacom will post $3.91 earnings per share for the current year.

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Several large investors have recently bought and sold shares of VIAB. Pinkerton Retirement Specialists LLC bought a new stake in Viacom during the second quarter valued at approximately $131,000. Clinton Group Inc. bought a new stake in Viacom during the second quarter valued at approximately $209,000. Argent Trust Co boosted its stake in Viacom by 5.9% in the second quarter. Argent Trust Co now owns 6,576 shares of the company’s stock valued at $273,000 after buying an additional 364 shares in the last quarter. Ingalls & Snyder LLC bought a new stake in Viacom during the second quarter valued at approximately $291,000. Finally, Meiji Yasuda Life Insurance Co boosted its stake in Viacom by 21.9% in the second quarter. Meiji Yasuda Life Insurance Co now owns 10,130 shares of the company’s stock valued at $420,000 after buying an additional 1,820 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently weighed in on VIAB. Vetr downgraded Viacom from a “buy” rating to a “hold” rating and set a $44.78 price target for the company. in a report on Wednesday, August 17th. BTIG Research upgraded Viacom from a “neutral” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Thursday, June 16th. Nomura initiated coverage on Viacom in a report on Wednesday, June 22nd. They issued a “hold” rating for the company. Royal Bank Of Canada upgraded Viacom from an “underperform” rating to a “sector perform” rating and lifted their price objective for the stock from $34.00 to $45.00 in a report on Friday, June 17th. Finally, FBR & Co reiterated a “buy” rating on shares of Viacom in a report on Monday, June 20th. Four analysts have rated the stock with a sell rating, twenty have assigned a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $45.76.

About Viacom

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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