Viacom Inc. (NASDAQ:VIAB) shares dropped 1.1% during trading on Monday . The company traded as low as $43.68 and last traded at $44.72, with a volume of 2,442,030 shares changing hands. The stock had previously closed at $45.20.

VIAB has been the subject of a number of research reports. Jefferies Group reiterated a “buy” rating and issued a $49.00 price target on shares of Viacom in a research note on Sunday, March 27th. Citigroup Inc. cut Viacom from a “buy” rating to a “neutral” rating and dropped their price target for the company from $46.00 to $44.00 in a research note on Friday, April 1st. Hanson cut Viacom from a “buy” rating to a “neutral” rating in a research note on Monday, April 4th. Moffett Nathanson downgraded Viacom from a “buy” rating to a “neutral” rating in a report on Monday, April 4th. Finally, Vetr downgraded Viacom from a “strong-buy” rating to a “buy” rating and set a $43.59 price objective for the company. in a report on Wednesday, April 6th. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $47.61.

The firm’s 50-day moving average price is $42.74 and its 200-day moving average price is $40.65. The firm has a market capitalization of $17.57 billion and a price-to-earnings ratio of 7.96.

Viacom (NASDAQ:VIAB) last announced its quarterly earnings data on Thursday, April 28th. The company reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.04. The business earned $3 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Viacom’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.16 EPS. Equities research analysts predict that Viacom Inc. will post $4.56 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend was Monday, June 13th.

In other Viacom news, EVP Michael D. Fricklas sold 10,800 shares of the company’s stock in a transaction dated Monday, June 20th. The shares were sold at an average price of $45.29, for a total value of $489,132.00. Following the sale, the executive vice president now owns 5,357 shares in the company, valued at $242,618.53. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

A number of large investors have made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Viacom by 7.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 748,663 shares of the company’s stock worth $30,813,000 after buying an additional 49,974 shares during the period. Jennison Associates LLC boosted its stake in shares of Viacom by 20.9% in the fourth quarter. Jennison Associates LLC now owns 1,833,961 shares of the company’s stock worth $75,486,000 after buying an additional 317,189 shares during the period. Trexquant Investment LP acquired a new stake in shares of Viacom during the fourth quarter worth $5,141,000. Marshall Wace LLP boosted its stake in shares of Viacom by 702.8% in the fourth quarter. Marshall Wace LLP now owns 262,223 shares of the company’s stock worth $10,793,000 after buying an additional 229,559 shares during the period. Finally, Horizon Investments LLC acquired a new stake in shares of Viacom during the fourth quarter worth $2,809,000.

Viacom Inc (Viacom) is an entertainment content company that connects with audiences in over 160 countries and territories and creates compelling television programs, motion pictures, short-form video, applications, games, consumer products, social media and other entertainment content. The Company operates through two segments: Media Networks and Filmed Entertainment.

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