Shares of Viacom Inc. (NASDAQ:VIA) have earned an average rating of “Hold” from the twenty-three research firms that are currently covering the company. One analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $44.40.

A number of research analysts have recently issued reports on the company. FBR & Co reiterated a “market perform” rating and set a $44.00 target price (down previously from $56.00) on shares of Viacom in a research report on Tuesday, November 15th. Telsey Advisory Group restated a “market perform” rating and issued a $42.00 price objective (down previously from $47.00) on shares of Viacom in a report on Thursday, November 10th. Wunderlich restated a “buy” rating and issued a $56.00 price objective (down previously from $65.00) on shares of Viacom in a report on Sunday, October 23rd. Wedbush restated an “outperform” rating and issued a $40.00 price objective (down previously from $46.00) on shares of Viacom in a report on Monday, October 17th. Finally, Wells Fargo & Co. upgraded Viacom from a “market underperform” rating to a “market perform” rating in a report on Thursday, October 13th.

Shares of Viacom (NASDAQ:VIA) opened at 41.55 on Tuesday. The stock has a market capitalization of $16.49 billion, a price-to-earnings ratio of 11.49 and a beta of 1.18. The stock’s 50 day moving average is $41.62 and its 200-day moving average is $44.87. Viacom has a 52 week low of $33.88 and a 52 week high of $54.04.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, December 15th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Tuesday, December 13th. Viacom’s dividend payout ratio (DPR) is 22.10%.

Institutional investors have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System boosted its position in shares of Viacom by 7,099.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 532,733 shares of the company’s stock worth $22,130,000 after buying an additional 525,333 shares during the period. SkyBridge Capital II LLC purchased a new position in shares of Viacom during the second quarter worth approximately $13,776,000. FMR LLC boosted its position in shares of Viacom by 12.5% in the second quarter. FMR LLC now owns 450,000 shares of the company’s stock worth $20,889,000 after buying an additional 50,000 shares during the period. BlackRock Fund Advisors boosted its position in shares of Viacom by 93.8% in the second quarter. BlackRock Fund Advisors now owns 95,299 shares of the company’s stock worth $4,424,000 after buying an additional 46,122 shares during the period. Finally, Citigroup Inc. boosted its position in shares of Viacom by 741.1% in the second quarter. Citigroup Inc. now owns 29,969 shares of the company’s stock valued at $1,391,000 after buying an additional 26,406 shares during the last quarter. Institutional investors own 2.18% of the company’s stock.

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About Viacom

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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