BidaskClub cut shares of Viacom (NASDAQ:VIA) from a hold rating to a sell rating in a research report report published on Tuesday morning, BidAskClub reports.

Separately, TheStreet upgraded shares of Viacom from a c+ rating to a b- rating in a research note on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $34.00.

Shares of VIA stock opened at $33.64 on Tuesday. The firm has a market capitalization of $13.65 billion, a PE ratio of 8.00 and a beta of 1.31. The company has a quick ratio of 1.07, a current ratio of 1.29 and a debt-to-equity ratio of 1.08. Viacom has a twelve month low of $27.01 and a twelve month high of $38.00.

Viacom (NASDAQ:VIA) last announced its earnings results on Friday, May 10th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.14. The business had revenue of $2.96 billion during the quarter. Viacom had a net margin of 12.63% and a return on equity of 22.60%.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, June 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.38%.

A number of hedge funds and other institutional investors have recently bought and sold shares of VIA. Great West Life Assurance Co. Can boosted its stake in Viacom by 2,919.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 785 shares of the company’s stock valued at $25,000 after acquiring an additional 759 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its stake in Viacom by 111.1% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 1,710 shares of the company’s stock valued at $55,000 after acquiring an additional 900 shares during the last quarter. Citigroup Inc. boosted its stake in Viacom by 16.2% during the 1st quarter. Citigroup Inc. now owns 2,323 shares of the company’s stock valued at $75,000 after acquiring an additional 323 shares during the last quarter. Barclays PLC boosted its stake in Viacom by 200.4% during the 4th quarter. Barclays PLC now owns 6,044 shares of the company’s stock valued at $168,000 after acquiring an additional 4,032 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in Viacom by 19.2% during the 4th quarter. Rhumbline Advisers now owns 8,316 shares of the company’s stock valued at $231,000 after acquiring an additional 1,339 shares during the last quarter. Hedge funds and other institutional investors own 1.94% of the company’s stock.

About Viacom

Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.

See Also: Price to Earnings Ratio (PE)

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