Viacom Inc. (NASDAQ:VIA) announced a dividend on Wednesday, September 21st. Shareholders of record on Monday, September 26th will be paid a dividend of 0.20 per share on Monday, October 3rd. The ex-dividend date is Thursday, September 22nd.

Viacom (NASDAQ:VIA) traded down 0.91% during midday trading on Wednesday, hitting $40.12. 71,271 shares of the stock traded hands. Viacom has a 12-month low of $33.88 and a 12-month high of $54.69. The firm has a market cap of $15.91 billion, a P/E ratio of 7.72 and a beta of 1.25. The company’s 50-day moving average is $45.58 and its 200 day moving average is $45.67.

A number of equities analysts have commented on VIA shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $45.00 price objective (up from $34.00) on shares of Viacom in a research note on Friday, June 17th. Stifel Nicolaus reissued a “hold” rating on shares of Viacom in a research note on Monday. Loop Capital reissued a “hold” rating and issued a $46.00 price objective on shares of Viacom in a research note on Monday, August 29th. Argus reaffirmed a “hold” rating on shares of Viacom in a research note on Monday, August 15th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $47.00 price target (down from $51.00) on shares of Viacom in a research note on Sunday, August 28th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have assigned a buy rating to the company. Viacom has a consensus rating of “Hold” and an average price target of $49.00.

A number of large investors have recently added to or reduced their stakes in VIA. Allianz Asset Management AG boosted its stake in Viacom by 7.0% in the second quarter. Allianz Asset Management AG now owns 11,695 shares of the company’s stock valued at $543,000 after buying an additional 760 shares during the last quarter. State Street Corp boosted its stake in Viacom by 59.0% in the second quarter. State Street Corp now owns 64,730 shares of the company’s stock valued at $3,007,000 after buying an additional 24,028 shares during the last quarter. Citigroup Inc. boosted its stake in Viacom by 741.1% in the second quarter. Citigroup Inc. now owns 29,969 shares of the company’s stock valued at $1,391,000 after buying an additional 26,406 shares during the last quarter. Rhumbline Advisers boosted its stake in Viacom by 44.0% in the second quarter. Rhumbline Advisers now owns 7,385 shares of the company’s stock valued at $343,000 after buying an additional 2,256 shares during the last quarter. Finally, Raymond James & Associates purchased a new stake in Viacom during the second quarter valued at about $242,000. Hedge funds and other institutional investors own 2.18% of the company’s stock.

Viacom Company Profile

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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