Rosenblatt Securities Reiterates Sell Rating for Viacom (VIA)
A number of other equities analysts have also recently issued reports on the company. Citigroup cut Viacom from a neutral rating to a sell rating in a report on Monday, October 9th. Loop Capital restated a hold rating and set a $27.00 target price (down from $28.00) on shares of Viacom in a report on Wednesday, December 27th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $39.00.
Viacom (NASDAQ:VIA) traded down $0.50 on Tuesday, hitting $39.20. The stock had a trading volume of 29,315 shares, compared to its average volume of 63,109. Viacom has a 1 year low of $28.20 and a 1 year high of $49.00. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.55 and a quick ratio of 1.30. The stock has a market cap of $13,700.00, a PE ratio of 8.41 and a beta of 1.43.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Thursday, December 14th. Viacom’s dividend payout ratio is presently 17.17%.
A number of hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its holdings in Viacom by 17.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 48,930 shares of the company’s stock worth $1,861,000 after buying an additional 7,198 shares during the period. Legal & General Group Plc lifted its holdings in Viacom by 3,470.8% in the 2nd quarter. Legal & General Group Plc now owns 3,428 shares of the company’s stock worth $130,000 after buying an additional 3,332 shares during the period. Prudential Financial Inc. lifted its holdings in Viacom by 47.0% in the 2nd quarter. Prudential Financial Inc. now owns 23,103 shares of the company’s stock worth $879,000 after buying an additional 7,390 shares during the period. Wells Fargo & Company MN lifted its holdings in Viacom by 21.2% in the 2nd quarter. Wells Fargo & Company MN now owns 38,223 shares of the company’s stock worth $1,454,000 after buying an additional 6,689 shares during the period. Finally, Teachers Advisors LLC lifted its holdings in Viacom by 22.1% in the 2nd quarter. Teachers Advisors LLC now owns 15,068 shares of the company’s stock worth $573,000 after buying an additional 2,723 shares during the period. Institutional investors own 2.40% of the company’s stock.
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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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