Wedbush reiterated their outperform rating on shares of Viacom Inc. (NASDAQ:VIA) in a research note published on Monday morning. Wedbush currently has a $40.00 target price on the stock, down from their previous target price of $46.00.
Other analysts have also issued reports about the company. Brean Capital upgraded Viacom from a hold rating to a buy rating and set a $44.00 target price on the stock in a research note on Tuesday, September 13th. Bank of America Corp. upgraded Viacom from an underperform rating to a buy rating and boosted their target price for the company from $37.00 to $44.00 in a research note on Thursday, October 13th. Argus restated a hold rating on shares of Viacom in a research note on Monday, August 15th. TheStreet lowered Viacom from a buy rating to a hold rating in a research note on Thursday, September 22nd. Finally, Stifel Nicolaus restated a hold rating on shares of Viacom in a research note on Monday, September 19th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $48.67.
Shares of Viacom (NASDAQ:VIA) traded up 0.6227% during trading on Monday, reaching $40.8025. 18,725 shares of the company traded hands. The stock’s 50 day moving average price is $42.02 and its 200-day moving average price is $45.19. Viacom has a 12 month low of $33.88 and a 12 month high of $54.69. The stock has a market cap of $16.18 billion, a P/E ratio of 7.8542 and a beta of 1.17.
The business also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Monday, September 26th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Thursday, September 22nd. Viacom’s dividend payout ratio (DPR) is presently 15.41%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aperio Group LLC raised its position in Viacom by 18.8% in the first quarter. Aperio Group LLC now owns 8,108 shares of the company’s stock worth $367,000 after buying an additional 1,282 shares during the last quarter. Franklin Resources Inc. raised its position in Viacom by 7.7% in the first quarter. Franklin Resources Inc. now owns 5,600 shares of the company’s stock worth $254,000 after buying an additional 400 shares during the last quarter. State Street Corp raised its position in Viacom by 8.2% in the first quarter. State Street Corp now owns 40,702 shares of the company’s stock worth $1,845,000 after buying an additional 3,094 shares during the last quarter. UBS Group AG raised its position in Viacom by 77.2% in the first quarter. UBS Group AG now owns 69,180 shares of the company’s stock worth $3,134,000 after buying an additional 30,136 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Viacom by 13.6% in the first quarter. Geode Capital Management LLC now owns 26,672 shares of the company’s stock worth $1,208,000 after buying an additional 3,199 shares during the last quarter. 2.18% of the stock is owned by institutional investors and hedge funds.
Viacom Inc (Viacom) is an entertainment content company that connects with audiences in over 160 countries and territories and creates compelling television programs, motion pictures, short-form video, applications, games, consumer products, social media and other entertainment content. The Company operates through two segments: Media Networks and Filmed Entertainment.
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 MarketBeat.com's FREE daily email newsletter.