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.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Watch List News and is owned by of Watch List News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://www.watchlistnews.com/viacom-inc-via-sets-new-12-month-low-at-36-10/1609326.html.

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.

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.