Viacom, Inc. (NASDAQ:VIAB)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $29.69 and traded as low as $31.65. Viacom shares last traded at $31.85, with a volume of 1,639,251 shares changing hands.

A number of brokerages recently commented on VIAB. BMO Capital Markets raised their target price on SilverCrest Metals from C$6.50 to C$7.00 in a report on Thursday, May 16th. Loop Capital raised their target price on Bed Bath & Beyond to $16.00 and gave the company an “average” rating in a report on Friday, March 29th. BidaskClub upgraded Viacom from a “sell” rating to a “hold” rating in a report on Friday, July 5th. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Royal Bank of Canada upgraded Viacom from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $31.00 to $36.00 in a report on Thursday, April 4th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $34.54.

The company’s 50 day moving average price is $29.76. The company has a current ratio of 1.29, a quick ratio of 1.07 and a debt-to-equity ratio of 1.08. The company has a market cap of $12.78 billion, a price-to-earnings ratio of 7.69, a PEG ratio of 1.06 and a beta of 1.29.

Viacom (NASDAQ:VIAB) last announced its quarterly earnings data on Friday, May 10th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.15. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Viacom had a return on equity of 22.60% and a net margin of 12.63%. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 EPS. As a group, equities analysts forecast that Viacom, Inc. will post 4.03 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 17th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.52%. The ex-dividend date was Friday, June 14th. Viacom’s payout ratio is presently 19.42%.

Institutional investors and hedge funds have recently made changes to their positions in the company. LPL Financial LLC grew its holdings in shares of Viacom by 114.5% during the fourth quarter. LPL Financial LLC now owns 42,754 shares of the company’s stock valued at $1,099,000 after buying an additional 22,826 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Viacom by 11.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 72,350 shares of the company’s stock valued at $1,859,000 after buying an additional 7,506 shares during the last quarter. Korea Investment CORP grew its holdings in shares of Viacom by 3,928.0% during the fourth quarter. Korea Investment CORP now owns 23,000 shares of the company’s stock valued at $591,000 after buying an additional 22,429 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Viacom by 20.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,147,775 shares of the company’s stock valued at $132,310,000 after buying an additional 865,520 shares during the last quarter. Finally, Natixis Advisors L.P. acquired a new position in shares of Viacom during the fourth quarter valued at about $326,000. Institutional investors and hedge funds own 79.83% of the company’s stock.

About Viacom (NASDAQ:VIAB)

Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.

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