Viacom Inc. (VIA) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Viacom Inc. (NASDAQ:VIA) have been assigned a consensus rating of “Hold” from the twenty-five analysts that are currently covering the stock. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $48.88.
Several research analysts recently commented on VIA shares. Wedbush reiterated an “outperform” rating and issued a $40.00 price target (down previously from $46.00) on shares of Viacom in a research report on Monday. Wells Fargo & Co. upgraded Viacom from a “market underperform” rating to a “market perform” rating in a research report on Thursday. Bank of America Corp. upgraded Viacom from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $37.00 to $44.00 in a research report on Thursday. TheStreet lowered Viacom from a “buy” rating to a “hold” rating in a research report on Thursday, September 22nd. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Viacom in a research report on Monday, September 19th.
A number of institutional investors have recently modified their holdings of VIA. Bank of New York Mellon Corp raised its position in Viacom by 11.0% in the second quarter. Bank of New York Mellon Corp now owns 91,374 shares of the company’s stock valued at $4,243,000 after buying an additional 9,084 shares in the last quarter. Franklin Resources Inc. raised its position in Viacom by 7.7% in the first quarter. Franklin Resources Inc. now owns 5,600 shares of the company’s stock valued at $254,000 after buying an additional 400 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in Viacom by 7,099.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 532,733 shares of the company’s stock valued at $22,130,000 after buying an additional 525,333 shares in the last quarter. Gabelli Securities Inc. raised its position in Viacom by 227.3% in the second quarter. Gabelli Securities Inc. now owns 36,000 shares of the company’s stock valued at $1,671,000 after buying an additional 25,000 shares in the last quarter. Finally, UBS Group AG raised its position in Viacom by 77.2% in the first quarter. UBS Group AG now owns 69,180 shares of the company’s stock valued at $3,134,000 after buying an additional 30,136 shares in the last quarter. 2.18% of the stock is owned by institutional investors.
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Viacom (NASDAQ:VIA) traded up 0.52% on Monday, hitting $40.55. The company’s stock had a trading volume of 54,990 shares. Viacom has a 12 month low of $33.88 and a 12 month high of $54.69. The firm has a market cap of $16.08 billion, a price-to-earnings ratio of 7.81 and a beta of 1.17. The firm has a 50 day moving average of $42.17 and a 200 day moving average of $45.21.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Monday, September 26th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date was Thursday, September 22nd. Viacom’s dividend payout ratio (DPR) is 15.41%.
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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