Viacom Inc. (VIA) Downgraded by Citigroup Inc.

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

Separately, UBS AG reaffirmed a buy rating and issued a $45.00 price objective (down previously from $50.00) on shares of Viacom in a research note on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Viacom has an average rating of Hold and a consensus price target of $43.13.

Shares of Viacom (NASDAQ:VIA) opened at 32.45 on Monday. Viacom has a 12 month low of $30.55 and a 12 month high of $49.00. The firm has a 50-day moving average of $36.97 and a 200-day moving average of $39.90. The firm has a market cap of $13.05 billion, a price-to-earnings ratio of 8.93 and a beta of 1.43.

Viacom (NASDAQ:VIA) last released its quarterly earnings results on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.12. Viacom had a net margin of 11.04% and a return on equity of 30.89%. The business had revenue of $3.36 billion during the quarter. On average, analysts anticipate that Viacom will post $3.55 EPS for the current year.

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The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.47%. Viacom’s dividend payout ratio is currently 21.98%.

A number of large investors have recently bought and sold shares of VIA. Capital Research Global Investors bought a new stake in Viacom during the 2nd quarter valued at $30,817,000. FMR LLC raised its holdings in Viacom by 133.4% during the 2nd quarter. FMR LLC now owns 1,050,751 shares of the company’s stock valued at $39,981,000 after buying an additional 600,581 shares during the last quarter. Vanguard Group Inc. raised its holdings in Viacom by 563.5% during the 2nd quarter. Vanguard Group Inc. now owns 191,623 shares of the company’s stock valued at $7,291,000 after buying an additional 162,744 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in Viacom by 3.8% during the 2nd quarter. Gamco Investors INC. ET AL now owns 3,160,011 shares of the company’s stock valued at $120,238,000 after buying an additional 116,850 shares during the last quarter. Finally, Lumina Fund Management LLC raised its holdings in Viacom by 11.9% during the 2nd quarter. Lumina Fund Management LLC now owns 211,200 shares of the company’s stock valued at $7,090,000 after buying an additional 22,500 shares during the last quarter. Institutional investors own 2.28% of the company’s stock.

About Viacom

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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