Brokerages Set Viacom Inc. (VIA) PT at $40.60
Shares of Viacom Inc. (NASDAQ:VIA) have received an average recommendation of “Hold” from the eight research firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $40.60.
A number of equities analysts have weighed in on VIA shares. UBS AG reaffirmed a “buy” rating and issued a $45.00 target price (down from $50.00) on shares of Viacom in a research note on Wednesday, August 9th. Citigroup Inc. downgraded shares of Viacom from a “neutral” rating to a “sell” rating in a research note on Monday, October 9th.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. California Public Employees Retirement System bought a new position in shares of Viacom in the third quarter worth about $215,000. Janney Montgomery Scott LLC raised its stake in shares of Viacom by 13.2% during the third quarter. Janney Montgomery Scott LLC now owns 15,895 shares of the company’s stock worth $583,000 after buying an additional 1,850 shares during the last quarter. Cowen Inc. bought a new stake in shares of Viacom during the third quarter worth approximately $734,000. Dimensional Fund Advisors LP raised its stake in shares of Viacom by 2.9% during the third quarter. Dimensional Fund Advisors LP now owns 70,190 shares of the company’s stock worth $2,576,000 after buying an additional 1,961 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Viacom by 31.3% during the second quarter. Public Employees Retirement System of Ohio now owns 4,386 shares of the company’s stock worth $167,000 after buying an additional 1,046 shares during the last quarter. 2.25% of the stock is owned by institutional investors.
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Shares of Viacom (NASDAQ:VIA) traded down $0.20 during mid-day trading on Friday, reaching $29.95. 50,400 shares of the company traded hands, compared to its average volume of 79,535. Viacom has a 12-month low of $28.20 and a 12-month high of $49.00. The company has a market cap of $12,124.79, a P/E ratio of 8.17 and a beta of 1.38. The company has a quick ratio of 1.11, a current ratio of 1.35 and a debt-to-equity ratio of 2.03.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Thursday, December 14th. Viacom’s dividend payout ratio is presently 21.98%.
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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