Viacom Inc. (VIA) Downgraded to Sell at Citigroup Inc.
Separately, UBS AG restated a buy rating and set a $45.00 target price (down from $50.00) on shares of Viacom in a report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Viacom presently has a consensus rating of Hold and a consensus target price of $43.13.
Shares of Viacom (VIA) opened at 33.95 on Monday. The company has a 50 day moving average of $37.35 and a 200-day moving average of $40.07. Viacom has a 12-month low of $33.65 and a 12-month high of $49.00. The company has a market capitalization of $13.65 billion, a P/E ratio of 9.34 and a beta of 1.44.
Viacom (NASDAQ:VIA) last announced its quarterly 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 business had revenue of $3.36 billion for the quarter. Viacom had a net margin of 11.04% and a return on equity of 30.89%. On average, equities analysts anticipate that Viacom will post $3.55 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.36%. The ex-dividend date was Thursday, September 14th. Viacom’s payout ratio is 21.98%.
Several large investors have recently added to or reduced their stakes in VIA. Legal & General Group Plc grew its holdings in shares of Viacom by 3,470.8% during the second quarter. Legal & General Group Plc now owns 3,428 shares of the company’s stock worth $130,000 after purchasing an additional 3,332 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Viacom by 31.3% during the second quarter. Public Employees Retirement System of Ohio now owns 4,386 shares of the company’s stock worth $167,000 after purchasing an additional 1,046 shares during the last quarter. Citigroup Inc. bought a new stake in shares of Viacom during the second quarter worth about $195,000. California Public Employees Retirement System bought a new stake in shares of Viacom during the first quarter worth about $224,000. Finally, Pinnacle Associates Ltd. grew its holdings in shares of Viacom by 50.7% during the second quarter. Pinnacle Associates Ltd. now owns 7,315 shares of the company’s stock worth $278,000 after purchasing an additional 2,460 shares during the last quarter. Institutional investors own 2.28% of the company’s stock.
Viacom Company Profile
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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