Viacom, Inc. (VIA) Hits New 12-Month Low at $33.95
Viacom, Inc. (NASDAQ:VIA)’s share price reached a new 52-week low on Monday . The stock traded as low as $33.95 and last traded at $33.95, with a volume of 61,484 shares changing hands. The stock had previously closed at $35.40.
Several brokerages have recently commented on VIA. Citigroup Inc. downgraded Viacom from a “neutral” rating to a “sell” rating in a research report on Monday. UBS AG restated a “buy” rating and issued a $45.00 price objective (down from $50.00) on shares of Viacom in a research report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Viacom presently has a consensus rating of “Hold” and an average target price of $43.13.
The stock has a market cap of $13.65 billion, a P/E ratio of 9.34 and a beta of 1.44. The company has a 50 day moving average price of $37.25 and a 200-day moving average price of $40.00.
Viacom (NASDAQ:VIA) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $1.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.12. The firm had revenue of $3.36 billion for the quarter. Viacom had a net margin of 20.45% and a return on equity of 53.78%. Analysts anticipate that Viacom, Inc. will post $3.55 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend was Thursday, September 14th. Viacom’s dividend payout ratio is presently 21.98%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in VIA. Capital Research Global Investors purchased a new position in Viacom in the 2nd quarter worth approximately $30,817,000. FMR LLC lifted its stake in Viacom by 133.4% in the 2nd quarter. FMR LLC now owns 1,050,751 shares of the company’s stock worth $39,981,000 after purchasing an additional 600,581 shares in the last quarter. Vanguard Group Inc. lifted its stake in Viacom by 563.5% in the 2nd quarter. Vanguard Group Inc. now owns 191,623 shares of the company’s stock worth $7,291,000 after purchasing an additional 162,744 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in Viacom by 3.8% in the 2nd quarter. Gamco Investors INC. ET AL now owns 3,160,011 shares of the company’s stock worth $120,238,000 after purchasing an additional 116,850 shares in the last quarter. Finally, Lumina Fund Management LLC lifted its stake in Viacom by 11.9% in the 2nd quarter. Lumina Fund Management LLC now owns 211,200 shares of the company’s stock worth $7,090,000 after purchasing an additional 22,500 shares in the last quarter. 2.28% of the stock is currently owned by institutional investors and hedge funds.
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Viacom Company Profile
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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