Citigroup Inc. lowered shares of Viacom Inc. (NASDAQ:VIA) from a neutral rating to a sell rating in a research report report published on Monday morning.

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.

Analyst Recommendations for Viacom (NASDAQ:VIA)

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