Shares of Viacom Inc. (NASDAQ:VIAB) have been assigned an average recommendation of “Hold” from the thirty-four research firms that are covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $35.43.
VIAB has been the subject of a number of recent analyst reports. UBS lowered their price objective on Viacom from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, August 4th. Atlantic Securities cut Viacom from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $45.00 to $30.00 in a report on Friday, August 4th. Jefferies Group reiterated a “buy” rating and issued a $52.00 target price on shares of Viacom in a report on Thursday, August 3rd. BMO Capital Markets restated a “market perform” rating and set a $35.00 price objective (down previously from $42.00) on shares of Viacom in a research note on Wednesday, August 9th. Finally, Royal Bank Of Canada restated an “underperform” rating and set a $30.00 price objective (down previously from $35.00) on shares of Viacom in a research note on Wednesday, August 9th.
Shares of Viacom (VIAB) traded down $0.10 during mid-day trading on Friday, reaching $28.32. The company had a trading volume of 8,296,100 shares, compared to its average volume of 5,133,018. The firm has a market capitalization of $11,560.00, a PE ratio of 7.17, a PEG ratio of 0.95 and a beta of 1.53. Viacom has a 52-week low of $22.13 and a 52-week high of $46.72. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.30 and a current ratio of 1.55.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Thursday, December 14th. Viacom’s dividend payout ratio (DPR) is 17.17%.
Large investors have recently added to or reduced their stakes in the stock. Commonwealth Bank of Australia increased its holdings in Viacom by 5.0% in the second quarter. Commonwealth Bank of Australia now owns 121,622 shares of the company’s stock valued at $4,081,000 after buying an additional 5,839 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in Viacom in the second quarter valued at about $22,120,000. Tobam bought a new stake in Viacom in the second quarter valued at about $1,886,000. Andra AP fonden increased its holdings in Viacom by 5.7% in the second quarter. Andra AP fonden now owns 68,700 shares of the company’s stock valued at $2,306,000 after buying an additional 3,700 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in Viacom by 36.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 33,302 shares of the company’s stock valued at $1,118,000 after buying an additional 8,932 shares during the last quarter. Institutional investors and hedge funds own 79.29% of the company’s stock.
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Viacom Company Profile
Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.
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