Systematic Financial Management LP lifted its holdings in CBS Corporation (NYSE:CBS) by 20.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 268,278 shares of the media conglomerate’s stock after buying an additional 44,841 shares during the period. Systematic Financial Management LP owned approximately 0.07% of CBS Corporation worth $15,560,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of Hawaii lifted its stake in CBS Corporation by 0.3% in the second quarter. Bank of Hawaii now owns 18,458 shares of the media conglomerate’s stock valued at $1,177,000 after purchasing an additional 50 shares during the last quarter. Stanley Laman Group Ltd. lifted its stake in CBS Corporation by 1.4% in the second quarter. Stanley Laman Group Ltd. now owns 9,201 shares of the media conglomerate’s stock valued at $587,000 after purchasing an additional 127 shares during the last quarter. Geneva Advisors LLC lifted its stake in CBS Corporation by 3.0% in the second quarter. Geneva Advisors LLC now owns 7,818 shares of the media conglomerate’s stock valued at $499,000 after purchasing an additional 227 shares during the last quarter. Palladium Partners LLC lifted its stake in CBS Corporation by 6.8% in the second quarter. Palladium Partners LLC now owns 3,757 shares of the media conglomerate’s stock valued at $240,000 after purchasing an additional 240 shares during the last quarter. Finally, Sequent Asset Management LLC lifted its stake in CBS Corporation by 3.0% in the second quarter. Sequent Asset Management LLC now owns 9,300 shares of the media conglomerate’s stock valued at $593,000 after purchasing an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 74.72% of the company’s stock.

CBS Corporation (NYSE:CBS) traded up $0.81 on Wednesday, reaching $56.74. The company had a trading volume of 14,974,600 shares, compared to its average volume of 4,110,487. The company has a market capitalization of $22,750.00, a PE ratio of 13.01, a PEG ratio of 1.01 and a beta of 1.62. The company has a current ratio of 1.55, a quick ratio of 1.10 and a debt-to-equity ratio of 3.03. CBS Corporation has a 1-year low of $52.75 and a 1-year high of $70.10.

CBS Corporation (NYSE:CBS) last released its earnings results on Thursday, November 2nd. The media conglomerate reported $1.11 EPS for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.04. The business had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.26 billion. CBS Corporation had a return on equity of 58.49% and a net margin of 2.14%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 earnings per share. equities research analysts predict that CBS Corporation will post 4.39 EPS for the current year.

In other CBS Corporation news, EVP Gil D. Schwartz sold 54,131 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $58.40, for a total transaction of $3,161,250.40. Following the completion of the sale, the executive vice president now directly owns 102,483 shares in the company, valued at $5,985,007.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Leslie Moonves sold 150,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $59.04, for a total transaction of $8,856,000.00. Following the sale, the chief executive officer now owns 1,182,652 shares of the company’s stock, valued at $69,823,774.08. The disclosure for this sale can be found here. In the last three months, insiders sold 364,317 shares of company stock worth $21,234,894. 2.03% of the stock is owned by insiders.

Several equities analysts recently commented on CBS shares. Royal Bank Of Canada dropped their price objective on CBS Corporation from $77.00 to $66.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. Cowen and Company reiterated a “buy” rating and issued a $69.00 price objective on shares of CBS Corporation in a research note on Friday, October 27th. Zacks Investment Research upgraded CBS Corporation from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. ValuEngine downgraded CBS Corporation from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Finally, Guggenheim reiterated a “buy” rating and issued a $78.00 price objective on shares of CBS Corporation in a research note on Friday, October 6th. Six investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $73.33.

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CBS Corporation Profile

CBS Corporation is a mass media company. The Company operates through four segment: Entertainment, Cable Networks, Publishing, Local Media. The Entertainment segment comprises the CBS TV Network; CBS TV Studios; CBS Studios International and CBS TV Distribution; CBS Interactive; CBS Films; and the Company’s digital streaming services, CBS All Access and CBSN.

Institutional Ownership by Quarter for CBS Corporation (NYSE:CBS)

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