Viacom Inc. (VIA) Sets New 12-Month Low at $36.10
Viacom Inc. (NASDAQ:VIA) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $36.10 and last traded at $36.16, with a volume of 27,231 shares traded. The stock had previously closed at $36.70.
Separately, UBS AG reaffirmed a “buy” rating and set a $45.00 price objective (down from $50.00) on shares of Viacom in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $43.13.
The company has a market cap of $14.70 billion, a PE ratio of 10.06 and a beta of 1.43. The company has a 50 day moving average of $37.83 and a 200 day moving average of $40.30.
Viacom (NASDAQ:VIA) last issued its earnings results on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.12. Viacom had a net margin of 11.04% and a return on equity of 30.89%. The company had revenue of $3.36 billion for the quarter. Equities research analysts predict that Viacom Inc. will post $3.55 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were issued a $0.20 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.19%. Viacom’s dividend payout ratio is 21.98%.
Institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its holdings in shares of Viacom by 3,470.8% in the second quarter. Legal & General Group Plc now owns 3,428 shares of the company’s stock valued at $130,000 after buying an additional 3,332 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Viacom by 31.3% in the second quarter. Public Employees Retirement System of Ohio now owns 4,386 shares of the company’s stock valued at $167,000 after buying an additional 1,046 shares during the last quarter. Citigroup Inc. bought a new position in shares of Viacom in the second quarter valued at about $195,000. California Public Employees Retirement System bought a new position in shares of Viacom in the first quarter valued at about $224,000. Finally, Pinnacle Associates Ltd. raised its holdings in shares of Viacom by 50.7% in the second quarter. Pinnacle Associates Ltd. now owns 7,315 shares of the company’s stock valued at $278,000 after buying an additional 2,460 shares during the last quarter. 2.28% of the stock is owned by institutional investors and hedge funds.
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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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