Viacom Inc. (NASDAQ:VIAB) announced a quarterly dividend on Wednesday, September 21st. Investors 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 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Thursday, September 22nd.

Shares of Viacom (NASDAQ:VIAB) traded down 0.64% on Wednesday, reaching $35.93. The company’s stock had a trading volume of 3,853,541 shares. The company has a market capitalization of $14.25 billion, a price-to-earnings ratio of 6.92 and a beta of 1.43. Viacom has a 1-year low of $30.11 and a 1-year high of $53.35. The stock has a 50-day moving average price of $40.82 and a 200-day moving average price of $41.51.

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

A number of analysts recently issued reports on VIAB shares. Brean Capital restated a “hold” rating on shares of Viacom in a research report on Thursday, September 8th. Telsey Advisory Group downgraded Viacom from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $51.00 to $47.00 in a research report on Friday, August 26th. Stifel Nicolaus restated a “buy” rating and issued a $49.00 price target on shares of Viacom in a research report on Wednesday, September 7th. FBR & Co restated an “outperform” rating and issued a $57.00 price target on shares of Viacom in a research report on Tuesday, August 23rd. Finally, BMO Capital Markets restated a “market perform” rating and issued a $40.00 price target on shares of Viacom in a research report on Tuesday, August 23rd. Four investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $45.76.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Argent Trust Co increased its position in Viacom by 5.9% in the second quarter. Argent Trust Co now owns 6,576 shares of the company’s stock worth $273,000 after buying an additional 364 shares during the last quarter. American Century Companies Inc. increased its position in Viacom by 2.4% in the second quarter. American Century Companies Inc. now owns 2,129,479 shares of the company’s stock worth $88,309,000 after buying an additional 50,342 shares during the last quarter. Public Sector Pension Investment Board increased its position in Viacom by 17.3% in the second quarter. Public Sector Pension Investment Board now owns 65,658 shares of the company’s stock worth $2,723,000 after buying an additional 9,700 shares during the last quarter. National Pension Service increased its position in Viacom by 21.6% in the second quarter. National Pension Service now owns 255,683 shares of the company’s stock worth $10,603,000 after buying an additional 45,441 shares during the last quarter. Finally, Quadrature Capital Ltd increased its position in Viacom by 501.3% in the second quarter. Quadrature Capital Ltd now owns 31,869 shares of the company’s stock worth $1,322,000 after buying an additional 26,569 shares during the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

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.

5 Day Chart for NASDAQ:VIAB

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 Analyst Ratings Network's FREE daily email newsletter.