Oldfield Partners Llp Has Trimmed Position in Viacom (VIAB) as Stock Price Declined

September 8, 2018 - By Vernon Prom

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 6.13 million shares of the television services company at the end of 2018Q1, valued at $190.53 million, down from 6.72 million 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 $11.85 billion market cap company. The stock decreased 0.96% or $0.28 during the last trading session, reaching $28.98. About 2.43M shares traded. Viacom, Inc. (NASDAQ:VIAB) has declined 21.25% since September 8, 2017 and is downtrending. It has underperformed by 33.82% the S&P500.

Analysts await Viacom, Inc. (NASDAQ:VIAB) to report earnings on November, 15. They expect $0.98 EPS, up 27.27 % or $0.21 from last year’s $0.77 per share. VIAB’s profit will be $400.83 million for 7.39 P/E if the $0.98 EPS becomes a reality. After $1.18 actual EPS reported by Viacom, Inc. for the previous quarter, Wall Street now forecasts -16.95 % negative EPS growth.

Another recent and important Viacom, Inc. (NASDAQ:VIAB) news was published by Seekingalpha.com which published an article titled: “Viacom: Turnaround In Sight” on August 20, 2018.

Viacom, Inc. (NASDAQ:VIAB) Ratings Coverage

Among 7 analysts covering Viacom Inc. – Class B Common Stock (NASDAQ:VIAB), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. Viacom Inc. – Class B Common Stock had 7 analyst reports since March 15, 2018 according to SRatingsIntel. Citigroup upgraded the stock to “Hold” rating in Wednesday, March 28 report. The rating was upgraded by Needham on Thursday, March 15 to “Buy”. On Tuesday, July 31 the stock rating was upgraded by Pivotal Research to “Buy”.

Viacom, Inc. (NASDAQ:VIAB) Ratings Chart

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