Farmers Trust Co Has Raised Viacom New (VIAB) Stake by $667,110; Foundation Asset Management LP Has Trimmed Stewart Information Svcs Cor (STC) Holding as Share Value Rose

May 25, 2018 - By Henry Gaston

Viacom, Inc. (NASDAQ:VIAB) Logo

Farmers Trust Co increased its stake in Viacom Inc New (VIAB) by 36.83% based on its latest 2017Q4 regulatory filing with the SEC. Farmers Trust Co bought 22,237 shares as the company’s stock declined 4.65% with the market. The institutional investor held 82,622 shares of the television services company at the end of 2017Q4, valued at $2.55M, up from 60,385 at the end of the previous reported quarter. Farmers Trust Co who had been investing in Viacom Inc New for a number of months, seems to be bullish on the $11.32 billion market cap company. The stock increased 0.81% or $0.22 during the last trading session, reaching $27.5. About 1.83M shares traded. Viacom, Inc. (NASDAQ:VIAB) has declined 30.65% since May 25, 2017 and is downtrending. It has underperformed by 42.20% the S&P500.

David Charney decreased its stake in Stewart Information Svcs Cor (STC) by 96.41% based on its latest 2017Q4 regulatory filing with the SEC. Foundation Asset Management Lp sold 508,162 shares as the company’s stock rose 1.55% while stock markets declined. The hedge fund run by David Charney held 18,946 shares of the specialty insurers company at the end of 2017Q4, valued at $801,000, down from 527,108 at the end of the previous reported quarter. Foundation Asset Management Lp who had been investing in Stewart Information Svcs Cor for a number of months, seems to be less bullish one the $1.03B market cap company. It closed at $43.21 lastly. It is down 0.11% since May 25, 2017 and is downtrending. It has underperformed by 11.66% the S&P500.

Among 39 analysts covering Viacom Inc. (NASDAQ:VIAB), 13 have Buy rating, 0 Sell and 26 Hold. Therefore 33% are positive. Viacom Inc. had 135 analyst reports since August 7, 2015 according to SRatingsIntel. Telsey Advisory Group maintained it with “Outperform” rating and $51 target in Friday, August 5 report. The company was maintained on Friday, August 7 by Topeka Capital Markets. The stock has “Overweight” rating by Barclays Capital on Monday, September 26. As per Wednesday, November 1, the company rating was maintained by Credit Suisse. The stock of Viacom, Inc. (NASDAQ:VIAB) earned “Hold” rating by Piper Jaffray on Friday, February 9. The firm has “Outperform” rating given on Thursday, February 9 by Wells Fargo. As per Friday, November 13, the company rating was maintained by Credit Suisse. The stock of Viacom, Inc. (NASDAQ:VIAB) earned “Mkt Perform” rating by Barrington Research on Tuesday, January 26. Deutsche Bank maintained Viacom, Inc. (NASDAQ:VIAB) rating on Monday, February 12. Deutsche Bank has “Hold” rating and $33 target. As per Thursday, January 4, the company rating was maintained by Wells Fargo.

Another recent and important Viacom, Inc. (NASDAQ:VIAB) news was published by Seekingalpha.com which published an article titled: “Viacom: Fundamentals Shine Bright” on April 26, 2018.

Farmers Trust Co, which manages about $337.27 million US Long portfolio, decreased its stake in Visa Inc (NYSE:V) by 3,338 shares to 53,417 shares, valued at $6.09M in 2017Q4, according to the filing. It also reduced its holding in Coca Cola Co (NYSE:KO) by 8,000 shares in the quarter, leaving it with 31,767 shares, and cut its stake in Fedex Corp (NYSE:FDX).

Among 5 analysts covering Stewart Info (NYSE:STC), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. Stewart Info had 13 analyst reports since August 3, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained Stewart Information Services Corporation (NYSE:STC) rating on Friday, July 21. Keefe Bruyette & Woods has “Sell” rating and $3800 target. On Monday, August 3 the stock rating was initiated by Wood with “Market Perform”. On Friday, February 9 the stock rating was maintained by Stephens with “Hold”. FBR Capital maintained the stock with “Mkt Perform” rating in Friday, February 12 report. The firm has “Hold” rating by Keefe Bruyette & Woods given on Wednesday, November 8. As per Monday, May 29, the company rating was maintained by Keefe Bruyette & Woods. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods. Bruyette & Woods” initiated the stock with “Mkt Perform” rating in Monday, August 3 report. On Monday, January 8 the stock rating was maintained by Stephens with “Hold”. The rating was upgraded by Wood to “Market Perform” on Wednesday, November 8.

Investors sentiment increased to 1.44 in Q4 2017. Its up 0.09, from 1.35 in 2017Q3. It improved, as 14 investors sold STC shares while 40 reduced holdings. 30 funds opened positions while 48 raised stakes. 20.26 million shares or 0.94% more from 20.07 million shares in 2017Q3 were reported. Panagora Asset Inc owns 45,550 shares. Fmr Lc reported 321,686 shares. Nfc Invests Limited Liability invested in 40,000 shares. Ahl Prtnrs Limited Liability Partnership stated it has 7,410 shares. Ancora Advsr Limited Liability Com stated it has 0.14% in Stewart Information Services Corporation (NYSE:STC). Piedmont Invest Ltd accumulated 4,880 shares or 0% of the stock. Vanguard Gru holds 0% of its portfolio in Stewart Information Services Corporation (NYSE:STC) for 1.26M shares. Icon Advisers has invested 0.16% in Stewart Information Services Corporation (NYSE:STC). Assetmark Inc accumulated 0% or 7 shares. Geode Mngmt Limited Liability reported 197,802 shares. Victory Cap Mgmt has invested 0% of its portfolio in Stewart Information Services Corporation (NYSE:STC). Deutsche Retail Bank Ag reported 0% stake. 13D Management Ltd Liability stated it has 188,209 shares. Alliancebernstein Limited Partnership has invested 0% of its portfolio in Stewart Information Services Corporation (NYSE:STC). Bulldog Ltd Com, New Jersey-based fund reported 613,048 shares.

Stewart Information Services Corporation (NYSE:STC) Institutional Positions Chart

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