Wharton Business Group Decreased Its Oracle (ORCL) Holding; Permit Capital Decreased Viacom New (VIAB) Holding

June 19, 2018 - By Clifton Ray

Viacom, Inc. (NASDAQ:VIAB) Logo

Wharton Business Group Llc decreased Oracle Corporation (ORCL) stake by 83.6% reported in 2018Q1 SEC filing. Wharton Business Group Llc sold 51,465 shares as Oracle Corporation (ORCL)’s stock declined 8.15%. The Wharton Business Group Llc holds 10,097 shares with $462,000 value, down from 61,562 last quarter. Oracle Corporation now has $188.60B valuation. The stock decreased 0.69% or $0.32 during the last trading session, reaching $46.2. About 8.08M shares traded. Oracle Corporation (NYSE:ORCL) has risen 3.98% since June 19, 2017 and is uptrending. It has underperformed by 8.59% the S&P500. Some Historical ORCL News: ; 19/03/2018 – CNBC Exclusive: CNBC Media Alert: Oracle CEO Mark Hurd Sits Down With CNBC’s Josh Lipton on Thursday March 22 at 11:00AM ET; 10/04/2018 – New Oracle Health Sciences mHealth Connector Cloud Service Enables Digital Clinical Trials at Scale and Delivers New Level of Patient Centricity; 21/05/2018 – Oracle Japan Closes Above 200-Day Moving Average: Technicals; 11/04/2018 – “The Loyalty Divide – Operator and Consumer Perspectives, Restaurant 2018” Reveals Operator Misconceptions of Consumer Loyalty Are Preventing Relevant Engagement; 19/04/2018 – Jade Global to Exhibit at COLLABORATE 18: Technology and Applications Forum for the Oracle Community in Las Vegas, Nevada USA; 22/03/2018 – Oracle Opens State-of-the-Art Cloud Campus in Austin, Texas; 06/03/2018 – Rimini Street: Favorable Appeal Decision Should Result in Refund of Nearly $50M From Oracle; 11/04/2018 – Metering: Exclusive interview: Martin Dunlea | Oracle Utilities; 19/03/2018 – ORACLE CORP ORCL.N FY2018 SHR VIEW $2.94 — THOMSON REUTERS l/B/E/S; 05/05/2018 – HIGHLIGHTS-Buffett, ‘Oracle of Omaha,’ comments on Berkshire results

Permit Capital Llc decreased Viacom Inc New (VIAB) stake by 19.12% reported in 2018Q1 SEC filing. Permit Capital Llc sold 65,000 shares as Viacom Inc New (VIAB)’s stock declined 18.83%. The Permit Capital Llc holds 275,000 shares with $8.54 million value, down from 340,000 last quarter. Viacom Inc New now has $12.05B valuation. The stock decreased 1.06% or $0.315 during the last trading session, reaching $29.375. About 1.18M shares traded. Viacom, Inc. (NASDAQ:VIAB) has declined 21.25% since June 19, 2017 and is downtrending. It has underperformed by 33.82% the S&P500. Some Historical VIAB News: ; 10/04/2018 – Nickelodeon International Greenlights New Live Action Series “The Covurts”; 04/04/2018 – RT @CNBCnow: BREAKING: CBS offer for Viacom was immediately rejected; 15/05/2018 – Viacom CDS Widens 14 Bps; 04/04/2018 – CNBC Wires: Viacom preparing counterproposal to CBS offer; 29/05/2018 – Recode: Shari Redstone’s endgame for CBS and Viacom is clear in this new complaint; 14/05/2018 – RT @CNBCnow: NEW: CBS & Viacom had agreed on share ratio for merger deal before lawsuit; 10/05/2018 – CORRECTING and REPLACING Houston Rockets’ Point Guard Chris Paul Tapped to Host Fifth Annual Nickelodeon’s Kids’ Choice; 17/05/2018 – National Amusements is controlled by the Redstone family, which has been trying to merge CBS and Viacom, both of which fall under its umbrella; 04/04/2018 – A below-market bid for Viacom by CBS was immediately rejected, sources say; 14/05/2018 – Dealbook: CBS Sues Redstones in Move to Block Viacom Merger: DealBook Briefing

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. The company was upgraded on Monday, November 20 by Deutsche Bank. As per Thursday, November 16, the company rating was maintained by Jefferies. The firm has “Neutral” rating given on Tuesday, September 27 by Wedbush. The company was downgraded on Tuesday, September 5 by Wells Fargo. The stock of Viacom, Inc. (NASDAQ:VIAB) earned “Market Perform” rating by Telsey Advisory on Thursday, November 10. RBC Capital Markets maintained the shares of VIAB in report on Tuesday, August 8 with “Sell” rating. The firm has “Sell” rating given on Monday, October 9 by Citigroup. The stock has “Neutral” rating by Goldman Sachs on Monday, October 5. The firm earned “Neutral” rating on Monday, February 6 by Wedbush. The firm earned “Hold” rating on Friday, November 3 by Needham.

Analysts await Viacom, Inc. (NASDAQ:VIAB) to report earnings on August, 2. They expect $1.08 earnings per share, down 7.69% or $0.09 from last year’s $1.17 per share. VIAB’s profit will be $442.96 million for 6.80 P/E if the $1.08 EPS becomes a reality. After $0.92 actual earnings per share reported by Viacom, Inc. for the previous quarter, Wall Street now forecasts 17.39% EPS growth.

Analysts await Oracle Corporation (NYSE:ORCL) to report earnings on June, 20. They expect $0.86 earnings per share, up 4.88% or $0.04 from last year’s $0.82 per share. ORCL’s profit will be $3.51B for 13.43 P/E if the $0.86 EPS becomes a reality. After $0.75 actual earnings per share reported by Oracle Corporation for the previous quarter, Wall Street now forecasts 14.67% EPS growth.

Wharton Business Group Llc increased Select Sector Health Care Spdr Etf (XLV) stake by 103,084 shares to 265,799 valued at $21.64 million in 2018Q1. It also upped Ishares U.S. Preferred Stock Etf (PFF) stake by 25,940 shares and now owns 1.58M shares. Microsoft Corp (NASDAQ:MSFT) was raised too.

Investors sentiment decreased to 0.87 in Q1 2018. Its down 0.28, from 1.15 in 2017Q4. It worsened, as 83 investors sold ORCL shares while 569 reduced holdings. 118 funds opened positions while 449 raised stakes. 2.24 billion shares or 1.97% less from 2.29 billion shares in 2017Q4 were reported. Lincoln invested in 22,763 shares or 0.04% of the stock. Meridian Investment Counsel invested 0.64% in Oracle Corporation (NYSE:ORCL). Dowling And Yahnke Llc reported 147,955 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 244,624 shares or 0.45% of its portfolio. Country Natl Bank invested 1.76% in Oracle Corporation (NYSE:ORCL). Schwab Charles Invest Mngmt has invested 0.4% in Oracle Corporation (NYSE:ORCL). Schafer Cullen Capital Mgmt Inc owns 121,994 shares. Spectrum Mngmt Gp Incorporated invested in 0% or 250 shares. Clinton Group Inc stated it has 126,736 shares or 0.62% of all its holdings. Cliftonlarsonallen Wealth Advsrs Ltd owns 25,908 shares for 0.12% of their portfolio. Nichols And Pratt Advisers Llp Ma reported 14,200 shares stake. Oregon-based Orca Investment Mgmt Ltd Llc has invested 0.44% in Oracle Corporation (NYSE:ORCL). 9.28 million are owned by Sumitomo Mitsui Inc. Cambridge Investment Advsr stated it has 0.11% of its portfolio in Oracle Corporation (NYSE:ORCL). Wealthfront has invested 0.04% of its portfolio in Oracle Corporation (NYSE:ORCL).

Oracle Corporation (NYSE:ORCL) Institutional Positions Chart

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