Other research analysts also recently issued reports about the company. Cowen and Company reduced their target price on Viacom from $41.00 to $31.00 in a research note on Tuesday, September 19th. Zacks Investment Research raised Viacom from a hold rating to a buy rating and set a $38.00 target price for the company in a research note on Thursday, July 13th. Jefferies Group LLC reaffirmed a buy rating and set a $52.00 target price on shares of Viacom in a research note on Thursday, August 3rd. UBS AG reduced their target price on Viacom from $50.00 to $45.00 and set a buy rating for the company in a research note on Friday, August 4th. Finally, Guggenheim reaffirmed a buy rating and set a $37.00 target price (down from $40.00) on shares of Viacom in a research note on Friday, October 6th. Eight research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $38.85.
Shares of Viacom (NASDAQ VIAB) traded down $0.17 during trading hours on Wednesday, reaching $24.72. The company’s stock had a trading volume of 6,051,500 shares, compared to its average volume of 4,972,812. Viacom has a one year low of $22.88 and a one year high of $46.72. The firm has a market capitalization of $10,020.00, a P/E ratio of 6.75, a PEG ratio of 0.86 and a beta of 1.53. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.35 and a quick ratio of 1.11.
COPYRIGHT VIOLATION NOTICE: This report was first posted by BBNS and is the property of of BBNS. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The legal version of this report can be read at https://baseballnewssource.com/markets/credit-suisse-group-analysts-give-viacom-inc-viab-a-38-00-price-target/1748746.html.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date is Thursday, December 14th. Viacom’s dividend payout ratio is presently 22.10%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Johnson Financial Group Inc. acquired a new position in Viacom during the 2nd quarter worth about $108,000. First Personal Financial Services lifted its stake in Viacom by 5.9% during the 2nd quarter. First Personal Financial Services now owns 3,268 shares of the company’s stock worth $110,000 after acquiring an additional 182 shares in the last quarter. First Mercantile Trust Co. lifted its stake in Viacom by 1.6% during the 2nd quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock worth $115,000 after acquiring an additional 54 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Viacom by 13.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,686 shares of the company’s stock worth $124,000 after acquiring an additional 423 shares in the last quarter. Finally, Delta Asset Management LLC TN lifted its stake in Viacom by 12.2% during the 2nd quarter. Delta Asset Management LLC TN now owns 4,358 shares of the company’s stock worth $146,000 after acquiring an additional 475 shares in the last quarter. 78.75% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Viacom Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom Inc. and related companies with our FREE daily email newsletter.