Viacom Inc. Declares Quarterly Dividend of $0.20 (VIAB)
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.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/viacom-inc-declares-quarterly-dividend-of-0-20-viab.html
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.
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.
Receive News & Ratings for Viacom Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom Inc. and related companies with MarketBeat.com's FREE daily email newsletter.