Shares of Viacom Inc. (NASDAQ:VIAB) fell 1.1% during mid-day 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. The stock had previously closed at $45.20.

VIAB has been the subject of a number of recent analyst reports. Pivotal Research reissued a “buy” rating and set a $50.00 price objective (down from $52.00) on shares of Viacom in a research report on Thursday, April 28th. Vetr raised Viacom from a “buy” rating to a “strong-buy” rating and set a $43.26 price objective for the company in a research report on Monday, April 18th. FBR & Co reissued an “outperform” rating and set a $51.00 price objective on shares of Viacom in a research report on Thursday, April 21st. Needham & Company LLC reissued a “hold” rating on shares of Viacom in a research report on Monday, April 11th. Finally, Deutsche Bank AG cut their price objective on Viacom from $38.00 to $36.00 and set a “hold” rating for the company in a research report on Monday, May 2nd. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $47.73.

The company has a market cap of $17.76 billion and a price-to-earnings ratio of 8.05. The stock’s 50-day moving average price is $43.06 and its 200-day moving average price is $40.70.

Viacom (NASDAQ:VIAB) last posted its earnings results on Thursday, April 28th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. The company earned $3 billion during the quarter, compared to analyst estimates of $2.98 billion. Viacom’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 EPS. On average, equities research analysts forecast that Viacom Inc. will post $4.54 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Wednesday, June 15th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, June 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.52%.

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

Other hedge funds and institutional investors have modified their holdings of the company. Sawtooth Asset Management Inc. increased its position in shares of Viacom by 195,264.3% in the fourth quarter. Sawtooth Asset Management Inc. now owns 27,351 shares of the company’s stock worth $1,126,000 after buying an additional 27,337 shares in the last quarter. Profund Advisors LLC increased its position in shares of Viacom by 8.6% in the fourth quarter. Profund Advisors LLC now owns 31,691 shares of the company’s stock worth $1,304,000 after buying an additional 2,517 shares in the last quarter. Advantus Capital Management Inc increased its position in shares of Viacom by 2.0% in the fourth quarter. Advantus Capital Management Inc now owns 33,195 shares of the company’s stock worth $1,366,000 after buying an additional 662 shares in the last quarter. Chicago Equity Partners LLC acquired a new position in shares of Viacom during the fourth quarter worth approximately $1,478,000. Finally, Sei Investments Co. increased its position in shares of Viacom by 27.4% in the fourth quarter. Sei Investments Co. now owns 58,281 shares of the company’s stock worth $2,399,000 after buying an additional 12,530 shares in the last quarter.

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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