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

Several research analysts have recently weighed in on VIAB shares. Deutsche Bank AG restated a “hold” rating and set a $39.00 price objective (up from $36.00) on shares of Viacom in a research note on Tuesday, June 21st. Jefferies Group restated a “buy” rating on shares of Viacom in a research note on Friday, June 10th. Vetr lowered shares of Viacom from a “hold” rating to a “sell” rating and set a $39.00 price objective on the stock. in a research note on Tuesday, May 24th. Pivotal Research lowered shares of Viacom from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $52.00 to $47.00 in a research note on Thursday, August 4th. Finally, FBR & Co restated an “outperform” rating and set a $57.00 price objective on shares of Viacom in a research note on Tuesday, August 23rd. Four analysts have rated the stock with a sell rating, twenty have issued a hold rating and ten have issued a buy rating to the company’s stock. Viacom has a consensus rating of “Hold” and an average target price of $45.76.

Shares of Viacom (NASDAQ:VIAB) traded down 0.64% during trading on Wednesday, reaching $35.93. 3,853,541 shares of the company’s stock traded hands. The company’s 50-day moving average is $40.82 and its 200 day moving average is $41.51. Viacom has a 52-week low of $30.11 and a 52-week high of $53.35. The company has a market cap of $14.25 billion, a price-to-earnings ratio of 6.92 and a beta of 1.43.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Argent Trust Co raised 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 period. American Century Companies Inc. increased its stake in shares of 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 in the last quarter. Public Sector Pension Investment Board increased its stake in shares of 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 in the last quarter. National Pension Service increased its stake in shares of 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 in the last quarter. Finally, Quadrature Capital Ltd increased its stake in shares of 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 in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

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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