Wells Fargo & Co. upgraded shares of Viacom Inc. (NASDAQ:VIA) from a market underperform rating to a market perform rating in a research note issued to investors on Thursday morning.

VIA has been the subject of a number of other reports. BTIG Research upgraded Viacom from a neutral rating to a buy rating in a research report on Thursday, June 16th. Drexel Hamilton restated a hold rating on shares of Viacom in a research report on Friday, June 17th. Royal Bank Of Canada restated a sector perform rating and issued a $45.00 price target (up from $34.00) on shares of Viacom in a research report on Friday, June 17th. Wunderlich restated a buy rating and issued a $87.00 price target on shares of Viacom in a research report on Friday, June 17th. Finally, Brean Capital assumed coverage on Viacom in a research report on Thursday, July 7th. They issued a hold rating for the company. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. Viacom has an average rating of Hold and a consensus target price of $48.67.

Analyst Recommendations for Viacom (NASDAQ:VIA)

Viacom (NASDAQ:VIA) traded up 0.35% during trading on Thursday, hitting $40.58. 48,449 shares of the stock traded hands. The firm has a 50-day moving average price of $42.34 and a 200 day moving average price of $45.24. Viacom has a 52-week low of $33.88 and a 52-week high of $54.69. The company has a market cap of $16.10 billion, a P/E ratio of 7.81 and a beta of 1.17.

The business also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Monday, September 26th were paid a $0.20 dividend. The ex-dividend date was Thursday, September 22nd. This represents a $0.80 annualized dividend and a yield of 1.98%. Viacom’s dividend payout ratio (DPR) is presently 15.41%.

A number of large investors have recently modified their holdings of VIA. Franklin Resources Inc. increased its stake in shares of Viacom by 7.7% in the first quarter. Franklin Resources Inc. now owns 5,600 shares of the company’s stock valued at $254,000 after buying an additional 400 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Viacom by 5.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 10,888 shares of the company’s stock valued at $506,000 after buying an additional 588 shares in the last quarter. Allianz Asset Management AG increased its stake in shares of Viacom by 7.0% in the second quarter. Allianz Asset Management AG now owns 11,695 shares of the company’s stock valued at $543,000 after buying an additional 760 shares in the last quarter. Aperio Group LLC increased its stake in shares of Viacom by 18.8% in the first quarter. Aperio Group LLC now owns 8,108 shares of the company’s stock valued at $367,000 after buying an additional 1,282 shares in the last quarter. Finally, Brown Advisory Inc. increased its stake in shares of Viacom by 20.3% in the second quarter. Brown Advisory Inc. now owns 8,882 shares of the company’s stock valued at $412,000 after buying an additional 1,500 shares in the last quarter. 2.18% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:VIA

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