Viacom, Inc. (NASDAQ:VIA)’s share price fell 5.6% during trading on Tuesday . The company traded as low as $29.20 and last traded at $30.75, 728,227 shares changed hands during trading. An increase of 1,595% from the average session volume of 42,963 shares. The stock had previously closed at $32.56.

A number of brokerages recently commented on VIA. BidaskClub lowered Viacom from a “hold” rating to a “sell” rating in a research note on Tuesday, June 11th. TheStreet raised Viacom from a “c+” rating to a “b-” rating in a research note on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $34.00.

The company has a market capitalization of $12.39 billion, a price-to-earnings ratio of 8.04 and a beta of 1.25. The firm’s 50 day moving average is $35.04. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.02.

Viacom (NASDAQ:VIA) last posted 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 $0.81 by $0.14. The business had revenue of $2.96 billion during the quarter. Viacom had a return on equity of 21.71% and a net margin of 12.68%.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Friday, September 13th.

Large investors have recently bought and sold shares of the company. YorkBridge Wealth Partners LLC lifted its stake in shares of Viacom by 111.1% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 1,710 shares of the company’s stock worth $55,000 after acquiring an additional 900 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Viacom by 43.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,182 shares of the company’s stock worth $74,000 after acquiring an additional 658 shares during the last quarter. Ossiam bought a new stake in shares of Viacom during the 2nd quarter worth approximately $89,000. State Board of Administration of Florida Retirement System bought a new stake in shares of Viacom during the 1st quarter worth approximately $231,000. Finally, GHP Investment Advisors Inc. bought a new stake in shares of Viacom during the 1st quarter worth approximately $236,000. 1.93% of the stock is owned by institutional investors and hedge funds.

About Viacom (NASDAQ:VIA)

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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