Telsey Advisory Group Reaffirms Market Perform Rating for Viacom Inc. (VIA)
Telsey Advisory Group reissued their market perform rating on shares of Viacom Inc. (NASDAQ:VIA) in a research note published on Thursday. They currently have a $42.00 target price on the stock, down from their prior target price of $47.00.
Several other research analysts have also recently issued reports on the stock. Brean Capital upgraded shares of Viacom from a hold rating to a buy rating and set a $44.00 target price on the stock in a report on Tuesday, September 13th. FBR & Co reiterated an outperform rating and set a $59.00 target price (down from $67.00) on shares of Viacom in a report on Tuesday, July 26th. Wells Fargo & Co. upgraded shares of Viacom from a market underperform rating to a market perform rating in a report on Thursday, October 13th. Wunderlich reiterated a buy rating and set a $56.00 target price (down from $65.00) on shares of Viacom in a report on Sunday, October 23rd. Finally, Argus reiterated a hold rating on shares of Viacom in a report on Monday, August 15th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the stock. Viacom presently has a consensus rating of Hold and an average price target of $45.59.
Viacom (NASDAQ:VIA) opened at 43.45 on Thursday. Viacom has a 12-month low of $33.88 and a 12-month high of $54.69. The stock has a market capitalization of $17.23 billion, a PE ratio of 8.36 and a beta of 1.18. The stock’s 50 day moving average is $41.48 and its 200 day moving average is $44.99.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, December 15th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Tuesday, December 13th. Viacom’s dividend payout ratio (DPR) is 22.10%.
A number of institutional investors have recently made changes to their positions in VIA. Panagora Asset Management Inc. increased its position in shares of Viacom by 33.3% in the third quarter. Panagora Asset Management Inc. now owns 3,200 shares of the company’s stock worth $137,000 after buying an additional 800 shares during the period. Principal Financial Group Inc. increased its stake in Viacom by 6.4% in the third quarter. Principal Financial Group Inc. now owns 6,065 shares of the company’s stock valued at $260,000 after buying an additional 366 shares during the last quarter. Northern Trust Corp increased its stake in Viacom by 17.9% in the third quarter. Northern Trust Corp now owns 28,163 shares of the company’s stock valued at $1,206,000 after buying an additional 4,271 shares during the last quarter. California State Teachers Retirement System increased its stake in Viacom by 1.4% in the third quarter. California State Teachers Retirement System now owns 21,594 shares of the company’s stock valued at $925,000 after buying an additional 300 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Viacom during the third quarter valued at $114,000. 2.19% of the stock is owned by hedge funds and other institutional investors.
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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