Pivotal Research reissued their hold rating on shares of Viacom (NASDAQ:VIAB) in a research report released on Tuesday morning, MarketBeat reports. Pivotal Research currently has a $30.00 target price on the stock, up from their previous target price of $27.00.
Several other brokerages have also recently weighed in on VIAB. BidaskClub upgraded shares of Viacom from a strong sell rating to a sell rating in a research report on Friday, December 22nd. Loop Capital reiterated a hold rating and set a $28.00 price objective on shares of Viacom in a research report on Wednesday, December 27th. Macquarie cut shares of Viacom from a neutral rating to an underperform rating and set a $26.00 price objective on the stock. in a research report on Tuesday, January 2nd. Barrington Research lowered shares of Viacom from an outperform rating to a market perform rating in a research note on Tuesday, January 2nd. Finally, Wells Fargo & Co reaffirmed a market perform rating and issued a $32.00 price objective (up from $25.00) on shares of Viacom in a research note on Thursday, January 4th. Seven analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the company. Viacom presently has a consensus rating of Hold and a consensus price target of $35.04.
Viacom (NASDAQ VIAB) traded up $1.65 during trading on Tuesday, hitting $30.81. 6,355,500 shares of the stock traded hands, compared to its average volume of 5,020,288. Viacom has a 52-week low of $22.13 and a 52-week high of $46.72. The company has a market capitalization of $12,630.00, a PE ratio of 6.61, a P/E/G ratio of 1.03 and a beta of 1.60. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.30 and a current ratio of 1.55.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were issued a $0.20 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.80 annualized dividend and a yield of 2.60%. Viacom’s dividend payout ratio (DPR) is presently 17.17%.
A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Viacom by 28.9% in the 2nd quarter. Vanguard Group Inc. now owns 28,964,262 shares of the company’s stock worth $972,330,000 after buying an additional 6,496,269 shares during the period. BlackRock Inc. increased its holdings in Viacom by 6.4% in the 2nd quarter. BlackRock Inc. now owns 22,863,371 shares of the company’s stock worth $767,522,000 after buying an additional 1,377,520 shares during the period. FMR LLC increased its holdings in Viacom by 17.3% in the 2nd quarter. FMR LLC now owns 10,918,953 shares of the company’s stock worth $366,551,000 after buying an additional 1,607,844 shares during the period. Capital International Investors increased its holdings in Viacom by 19.3% in the 3rd quarter. Capital International Investors now owns 8,761,721 shares of the company’s stock worth $243,926,000 after buying an additional 1,418,000 shares during the period. Finally, Oldfield Partners LLP increased its holdings in Viacom by 13.2% in the 3rd quarter. Oldfield Partners LLP now owns 5,354,220 shares of the company’s stock worth $149,061,000 after buying an additional 625,600 shares during the period. Institutional investors own 79.20% of the company’s stock.
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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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