Weaver C Barksdale & Associates Holding in Medtronic (MDT) Has Boosted by $366,135 as Stock Value Rose; Tremblant Capital Group Has Lowered Viacom New (Call) (VIAB) Stake by $102.48 Million as Share Value Declined

February 19, 2018 - By Vivian Currie

Brett Barakett decreased its stake in Viacom Inc New (Call) (VIAB) by 96.77% based on its latest 2017Q3 regulatory filing with the SEC. Tremblant Capital Group sold 3.80 million shares as the company’s stock declined 19.98% while stock markets rallied. The hedge fund run by Brett Barakett held 126,500 shares of the television services company at the end of 2017Q3, valued at $3.52M, down from 3.92 million at the end of the previous reported quarter. Tremblant Capital Group who had been investing in Viacom Inc New (Call) for a number of months, seems to be less bullish one the $13.74 billion market cap company. The stock decreased 1.27% or $0.43 during the last trading session, reaching $33.5. About 3.62 million shares traded. Viacom, Inc. (NASDAQ:VIAB) has declined 8.36% since February 19, 2017 and is downtrending. It has underperformed by 25.06% the S&P500.

Weaver C Barksdale & Associates Inc increased its stake in Medtronic Inc (MDT) by 43.89% based on its latest 2017Q3 regulatory filing with the SEC. Weaver C Barksdale & Associates Inc bought 4,755 shares as the company’s stock rose 5.51% with the market. The institutional investor held 15,588 shares of the electromedical & electrotherapeutic apparatus company at the end of 2017Q3, valued at $1.21M, up from 10,833 at the end of the previous reported quarter. Weaver C Barksdale & Associates Inc who had been investing in Medtronic Inc for a number of months, seems to be bullish on the $112.76 billion market cap company. The stock increased 0.45% or $0.37 during the last trading session, reaching $83.31. About 6.86 million shares traded or 28.05% up from the average. Medtronic plc (NYSE:MDT) has risen 4.04% since February 19, 2017 and is uptrending. It has underperformed by 12.66% the S&P500.

Weaver C Barksdale & Associates Inc, which manages about $4.06 billion and $89.62M US Long portfolio, decreased its stake in Frontier Communications C by 35,271 shares to 3,670 shares, valued at $43,000 in 2017Q3, according to the filing.

Investors sentiment increased to 1.12 in Q3 2017. Its up 0.22, from 0.9 in 2017Q2. It increased, as 73 investors sold MDT shares while 392 reduced holdings. 109 funds opened positions while 414 raised stakes. 1.07 billion shares or 1.07% more from 1.06 billion shares in 2017Q2 were reported. Moreover, Burke And Herbert Financial Bank And Trust has 0.32% invested in Medtronic plc (NYSE:MDT) for 4,552 shares. The Maryland-based Burt Wealth Advsr has invested 0.01% in Medtronic plc (NYSE:MDT). Kentucky Retirement System accumulated 84,051 shares. Kingfisher Cap Limited Liability Corporation reported 0.56% of its portfolio in Medtronic plc (NYSE:MDT). Blair William Il invested 0.16% in Medtronic plc (NYSE:MDT). Nomura Hldg holds 122,343 shares. Menora Mivtachim Hldgs Ltd owns 227,165 shares or 0.72% of their US portfolio. Waddell & Reed reported 351,522 shares. Cubist Systematic Strategies Limited Liability Corporation stated it has 0.27% in Medtronic plc (NYSE:MDT). Northeast Fincl Consultants invested 0.07% of its portfolio in Medtronic plc (NYSE:MDT). Group Inc One Trading LP accumulated 833 shares. State Treasurer State Of Michigan owns 411,038 shares. Brandywine Global Invest Management Llc accumulated 646,083 shares. 2.18M are held by Thrivent For Lutherans. Mark Sheptoff Planning Lc invested in 0.41% or 7,889 shares.

Among 28 analysts covering Medtronic (NYSE:MDT), 18 have Buy rating, 0 Sell and 10 Hold. Therefore 64% are positive. Medtronic had 79 analyst reports since August 10, 2015 according to SRatingsIntel. Bank of America downgraded Medtronic plc (NYSE:MDT) on Tuesday, January 3 to “Neutral” rating. The firm has “Equal-Weight” rating given on Monday, February 5 by Morgan Stanley. RBC Capital Markets maintained it with “Buy” rating and $90.0 target in Friday, September 22 report. The stock has “Buy” rating by Citigroup on Tuesday, August 23. The firm has “Buy” rating given on Tuesday, June 7 by Needham. The firm earned “Conviction Buy List” rating on Friday, November 13 by Goldman Sachs. On Friday, November 10 the stock rating was maintained by BMO Capital Markets with “Buy”. The stock of Medtronic plc (NYSE:MDT) earned “Buy” rating by SunTrust on Monday, April 25. As per Tuesday, August 22, the company rating was maintained by Oppenheimer. The stock of Medtronic plc (NYSE:MDT) has “Buy” rating given on Friday, February 17 by UBS.

Tremblant Capital Group, which manages about $3.75B and $2.26B US Long portfolio, upped its stake in Cbs Corp New (NYSE:CBS) by 150,484 shares to 1.17 million shares, valued at $67.60 million in 2017Q3, according to the filing. It also increased its holding in Servicenow Inc (NYSE:NOW) by 121,970 shares in the quarter, for a total of 435,776 shares, and has risen its stake in Wyndham Worldwide Corp (NYSE:WYN).

Among 39 analysts covering Viacom Inc. (NASDAQ:VIAB), 12 have Buy rating, 2 Sell and 25 Hold. Therefore 31% are positive. Viacom Inc. had 131 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by Wells Fargo on Thursday, January 4 with “Hold”. Pivotal Research maintained the shares of VIAB in report on Friday, November 13 with “Buy” rating. The rating was maintained by Morgan Stanley on Monday, January 30 with “Overweight”. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, August 7 report. The firm has “Underperform” rating by Macquarie Research given on Tuesday, January 2. The stock of Viacom, Inc. (NASDAQ:VIAB) has “Market Perform” rating given on Friday, August 7 by Wells Fargo. Brean Capital downgraded the shares of VIAB in report on Monday, November 14 to “Hold” rating. The firm earned “Mkt Perform” rating on Monday, April 10 by FBR Capital. The firm earned “Neutral” rating on Monday, October 5 by Goldman Sachs. The stock of Viacom, Inc. (NASDAQ:VIAB) earned “Neutral” rating by Wedbush on Monday, February 6.

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