Oldfield Partners Llp Decreased Its Stake in Viacom (VIAB) by $18.25 Million as Shares Declined

June 21, 2018 - By Ann Prendergast

Viacom, Inc. (NASDAQ:VIAB) Logo

Oldfield Partners Llp decreased its stake in Viacom (VIAB) by 8.76% based on its latest 2018Q1 regulatory filing with the SEC. Oldfield Partners Llp sold 588,700 shares as the company’s stock declined 18.83% with the market. The institutional investor held 6.13M shares of the television services company at the end of 2018Q1, valued at $190.53M, down from 6.72M at the end of the previous reported quarter. Oldfield Partners Llp who had been investing in Viacom for a number of months, seems to be less bullish one the $12.47B market cap company. The stock increased 0.53% or $0.16 during the last trading session, reaching $30.4. About 57,498 shares traded. Viacom, Inc. (NASDAQ:VIAB) has declined 21.25% since June 21, 2017 and is downtrending. It has underperformed by 33.82% the S&P500.

Analysts await Viacom, Inc. (NASDAQ:VIAB) to report earnings on August, 2. They expect $1.08 EPS, down 7.69 % or $0.09 from last year’s $1.17 per share. VIAB’s profit will be $442.94 million for 7.04 P/E if the $1.08 EPS becomes a reality. After $0.92 actual EPS reported by Viacom, Inc. for the previous quarter, Wall Street now forecasts 17.39 % EPS growth.

Viacom, Inc. (NASDAQ:VIAB) Ratings Coverage

Among 14 analysts covering Viacom (NASDAQ:VIAB), 2 have Buy rating, 0 Sell and 12 Hold. Therefore 14% are positive. Viacom has $38.0 highest and $3000 lowest target. $34.11’s average target is 12.20% above currents $30.4 stock price. Viacom had 15 analyst reports since January 2, 2018 according to SRatingsIntel. Jefferies maintained Viacom, Inc. (NASDAQ:VIAB) on Thursday, February 8 with “Buy” rating. Cowen & Co maintained Viacom, Inc. (NASDAQ:VIAB) on Monday, February 5 with “Hold” rating. The firm earned “Hold” rating on Wednesday, March 28 by Citigroup. RBC Capital Markets upgraded the shares of VIAB in report on Friday, February 9 to “Hold” rating. Deutsche Bank maintained the stock with “Hold” rating in Monday, February 12 report. The stock of Viacom, Inc. (NASDAQ:VIAB) earned “Hold” rating by Piper Jaffray on Friday, February 9. The stock of Viacom, Inc. (NASDAQ:VIAB) has “Hold” rating given on Thursday, January 4 by Wells Fargo. The stock of Viacom, Inc. (NASDAQ:VIAB) has “Underperform” rating given on Tuesday, January 2 by Macquarie Research. The firm has “Buy” rating given on Thursday, March 15 by Needham. The stock has “Hold” rating by BMO Capital Markets on Sunday, February 11.

Viacom, Inc. (NASDAQ:VIAB) Ratings Chart

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