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%.

About Viacom

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.

Analyst Recommendations for Viacom (NASDAQ:VIA)

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