Wedbush restated their neutral rating on shares of Viacom Inc. (NASDAQ:VIA) in a report issued on Tuesday. The firm currently has a $40.00 price target on the stock, down from their previous price target of $44.00.
Other research analysts have also recently issued research reports about the company. Wunderlich restated a buy rating and set a $87.00 price objective on shares of Viacom in a research note on Friday, June 17th. Royal Bank Of Canada restated a sector perform rating and set a $45.00 price objective (up previously from $34.00) on shares of Viacom in a research note on Friday, June 17th. Brean Capital assumed coverage on Viacom in a research note on Thursday, July 7th. They set a hold rating on the stock. Telsey Advisory Group restated an outperform rating and set a $51.00 price objective (down previously from $53.00) on shares of Viacom in a research note on Saturday, August 6th. Finally, Drexel Hamilton restated a hold rating on shares of Viacom in a research note on Friday, June 17th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $48.78.
Shares of Viacom (NASDAQ:VIA) traded down 0.25% during midday trading on Tuesday, reaching $39.76. The company’s stock had a trading volume of 4,738 shares. Viacom has a 52 week low of $33.88 and a 52 week high of $54.69. The firm has a market capitalization of $15.77 billion, a price-to-earnings ratio of 7.65 and a beta of 1.25. The firm’s 50 day moving average is $44.38 and its 200 day moving average is $45.53.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Monday, September 26th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, September 22nd. This represents a $0.80 annualized dividend and a dividend yield of 2.01%. Viacom’s dividend payout ratio is presently 15.41%.
A number of large investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its stake in Viacom by 5.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 10,888 shares of the company’s stock worth $506,000 after buying an additional 588 shares during the period. Numeric Investors LLC increased its stake in Viacom by 19.9% in the second quarter. Numeric Investors LLC now owns 17,500 shares of the company’s stock worth $812,000 after buying an additional 2,900 shares during the period. Panagora Asset Management Inc. purchased a new stake in Viacom during the second quarter worth $111,000. Allianz Asset Management AG increased its stake in Viacom by 7.0% in the second quarter. Allianz Asset Management AG now owns 11,695 shares of the company’s stock worth $543,000 after buying an additional 760 shares during the period. Finally, State Street Corp increased its stake in Viacom by 59.0% in the second quarter. State Street Corp now owns 64,730 shares of the company’s stock worth $3,007,000 after buying an additional 24,028 shares during the period. Hedge funds and other institutional investors own 2.18% of the company’s stock.
Viacom Company Profile
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.
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