A number of other analysts have also recently weighed in on the stock. Guggenheim raised shares of Viacom from a neutral rating to a buy rating in a research note on Wednesday, August 14th. TheStreet raised shares of Viacom from a c+ rating to a b- rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Viacom has a consensus rating of Hold and an average target price of $34.00.
NASDAQ VIA opened at $27.29 on Thursday. The stock has a market cap of $11.17 billion, a P/E ratio of 6.50 and a beta of 1.25. The company’s 50-day simple moving average is $34.66 and its 200 day simple moving average is $34.41. Viacom has a twelve month low of $27.00 and a twelve month high of $38.00. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.02.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.80 annualized dividend and a yield of 2.93%.
A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its position in shares of Viacom by 42.1% in the 4th quarter. BlackRock Inc. now owns 299,537 shares of the company’s stock worth $8,331,000 after buying an additional 88,801 shares during the period. Northern Trust Corp raised its position in Viacom by 5.1% in the fourth quarter. Northern Trust Corp now owns 55,419 shares of the company’s stock valued at $1,541,000 after purchasing an additional 2,699 shares during the period. Dimensional Fund Advisors LP raised its position in Viacom by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 88,575 shares of the company’s stock valued at $2,465,000 after purchasing an additional 1,742 shares during the period. Bank of America Corp DE raised its position in Viacom by 74.6% in the fourth quarter. Bank of America Corp DE now owns 61,307 shares of the company’s stock valued at $1,704,000 after purchasing an additional 26,190 shares during the period. Finally, Millennium Management LLC raised its position in Viacom by 4.1% in the fourth quarter. Millennium Management LLC now owns 25,686 shares of the company’s stock valued at $714,000 after purchasing an additional 1,003 shares during the period. 1.93% of the stock is currently owned by hedge funds and other institutional investors.
Viacom Company Profile
Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.
See Also: Quick Ratio
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