Viacom Inc. (NASDAQ:VIAB)’s share price hit a new 52-week low on Monday . The stock traded as low as $25.55 and last traded at $25.54, with a volume of 5,298,286 shares trading hands. The stock had previously closed at $27.15.

Several brokerages have weighed in on VIAB. Citigroup Inc. cut Viacom from a “neutral” rating to a “sell” rating and set a $24.00 price objective on the stock. in a research note on Monday. Guggenheim restated a “buy” rating and set a $37.00 price objective (down from $40.00) on shares of Viacom in a research note on Friday. Zacks Investment Research cut Viacom from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 3rd. Piper Jaffray Companies restated a “hold” rating and set a $40.00 price objective on shares of Viacom in a research note on Tuesday, September 26th. Finally, Loop Capital restated a “hold” rating and set a $32.00 price objective (down from $36.00) on shares of Viacom in a research note on Monday, September 25th. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $40.48.

The firm has a 50 day moving average of $27.94 and a 200 day moving average of $34.83. The stock has a market capitalization of $10.24 billion, a P/E ratio of 7.01 and a beta of 1.57.

Viacom (NASDAQ:VIAB) last posted its earnings results on Thursday, August 3rd. The company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.29 billion. Viacom had a return on equity of 30.89% and a net margin of 11.04%. Viacom’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 earnings per share. On average, equities research analysts forecast that Viacom Inc. will post $3.86 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date was Thursday, September 14th. Viacom’s payout ratio is 21.98%.

Institutional investors and hedge funds have recently modified their holdings of the business. Johnson Financial Group Inc. purchased a new stake in Viacom in the second quarter worth about $108,000. First Personal Financial Services increased its position in Viacom by 5.9% in the second quarter. First Personal Financial Services now owns 3,268 shares of the company’s stock worth $110,000 after buying an additional 182 shares in the last quarter. First Mercantile Trust Co. increased its position in Viacom by 1.6% in the second quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock worth $115,000 after buying an additional 54 shares in the last quarter. Fifth Third Bancorp increased its position in Viacom by 9.4% in the first quarter. Fifth Third Bancorp now owns 2,616 shares of the company’s stock worth $122,000 after buying an additional 225 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in Viacom by 13.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,686 shares of the company’s stock worth $124,000 after buying an additional 423 shares in the last quarter. Institutional investors and hedge funds own 79.18% of the company’s stock.

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About Viacom

Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.

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