Shares of Viacom Inc. (NASDAQ:VIA) have been given a consensus rating of “Hold” by the twenty-three brokerages that are covering the stock. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $44.40.
VIA has been the topic of several research analyst reports. Bank of America Corp. upgraded Viacom from an “underperform” rating to a “buy” rating and lifted their price target for the company from $37.00 to $44.00 in a research report on Thursday, October 13th. Argus reiterated a “hold” rating on shares of Viacom in a research report on Monday, August 15th. Loop Capital reiterated a “hold” rating and set a $46.00 price target on shares of Viacom in a research report on Monday, August 29th. Telsey Advisory Group reiterated an “outperform” rating and set a $51.00 price target (down from $53.00) on shares of Viacom in a research report on Saturday, August 6th. Finally, FBR & Co reiterated a “market perform” rating and set a $44.00 price target (down from $56.00) on shares of Viacom in a research report on Tuesday, November 15th.
Viacom (NASDAQ:VIA) opened at 41.55 on Tuesday. The firm has a market capitalization of $16.49 billion, a price-to-earnings ratio of 11.49 and a beta of 1.18. Viacom has a 1-year low of $33.88 and a 1-year high of $54.04. The company has a 50-day moving average price of $41.62 and a 200 day moving average price of $44.87.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, December 15th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $0.80 dividend on an annualized basis and a yield of 1.93%. Viacom’s payout ratio is 22.10%.
Hedge funds have recently added to or reduced their stakes in the stock. Simplex Trading LLC boosted its stake in Viacom by 831.7% in the third quarter. Simplex Trading LLC now owns 2,348 shares of the company’s stock worth $100,000 after buying an additional 2,096 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Viacom by 2,002.7% in the third quarter. JPMorgan Chase & Co. now owns 2,334 shares of the company’s stock worth $101,000 after buying an additional 2,223 shares during the last quarter. Panagora Asset Management Inc. purchased a new stake in Viacom during the second quarter worth about $111,000. SG Americas Securities LLC purchased a new stake in Viacom during the third quarter worth about $114,000. Finally, BlackRock Investment Management LLC boosted its stake in Viacom by 6.1% in the third quarter. BlackRock Investment Management LLC now owns 3,217 shares of the company’s stock worth $138,000 after buying an additional 185 shares during the last quarter. 2.18% of the stock is owned by hedge funds and other institutional investors.