Viacom Inc. (VIA) Stock Rating Reaffirmed by FBR & Co
Viacom Inc. (NASDAQ:VIA)‘s stock had its “market perform” rating reiterated by FBR & Co in a report issued on Tuesday. They presently have a $44.00 price objective on the stock, down from their prior price objective of $56.00. FBR & Co’s price target suggests a potential upside of 2.44% from the company’s previous close.
A number of other research firms have also recently commented on VIA. Wunderlich reissued a “buy” rating and set a $56.00 price target (down from $65.00) on shares of Viacom in a report on Sunday, October 23rd. Brean Capital upgraded Viacom from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Tuesday, September 13th. Bank of America Corp. upgraded Viacom from an “underperform” rating to a “buy” rating and raised their price objective for the company from $37.00 to $44.00 in a research report on Thursday, October 13th. TheStreet lowered Viacom from a “buy” rating to a “hold” rating in a research report on Thursday, September 22nd. Finally, Stifel Nicolaus restated a “hold” rating on shares of Viacom in a research report on Monday, September 19th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the company’s stock. Viacom currently has a consensus rating of “Hold” and an average price target of $44.71.
Shares of Viacom (NASDAQ:VIA) opened at 42.85 on Tuesday. The stock has a 50 day moving average price of $41.67 and a 200-day moving average price of $44.97. Viacom has a 1-year low of $33.88 and a 1-year high of $54.28. The company has a market cap of $17.00 billion, a price-to-earnings ratio of 11.85 and a beta of 1.18.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 15th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Tuesday, December 13th. Viacom’s dividend payout ratio is presently 22.10%.
Hedge funds have recently bought and sold shares of the stock. Simplex Trading LLC increased its stake in Viacom by 831.7% in the third quarter. Simplex Trading LLC now owns 2,348 shares of the company’s stock valued at $100,000 after buying an additional 2,096 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Viacom by 2,002.7% in the third quarter. JPMorgan Chase & Co. now owns 2,334 shares of the company’s stock valued at $101,000 after buying an additional 2,223 shares in the last quarter. Panagora Asset Management Inc. bought a new stake in Viacom during the second quarter valued at $111,000. SG Americas Securities LLC acquired a new position in shares of Viacom during the third quarter worth approximately $114,000. Finally, BlackRock Investment Management LLC increased its position in shares of Viacom by 6.1% in the third quarter. BlackRock Investment Management LLC now owns 3,217 shares of the company’s stock worth $138,000 after buying an additional 185 shares during the period. 2.19% of the stock is owned by hedge funds and other institutional investors.
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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