CBS Corporation (NYSE:CBS) CEO Leslie Moonves sold 85,000 shares of CBS stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $57.85, for a total value of $4,917,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Leslie Moonves also recently made the following trade(s):

  • On Tuesday, October 10th, Leslie Moonves sold 150,000 shares of CBS stock. The shares were sold at an average price of $57.62, for a total value of $8,643,000.00.
  • On Wednesday, September 20th, Leslie Moonves sold 150,000 shares of CBS stock. The shares were sold at an average price of $59.04, for a total value of $8,856,000.00.

CBS Corporation (NYSE CBS) traded up $0.96 during trading on Thursday, hitting $58.13. The stock had a trading volume of 4,458,471 shares, compared to its average volume of 4,161,625. CBS Corporation has a fifty-two week low of $52.75 and a fifty-two week high of $70.10. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.55 and a quick ratio of 1.10. The stock has a market cap of $22,890.00, a P/E ratio of 13.48, a P/E/G ratio of 1.04 and a beta of 1.62.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Monday, December 11th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Friday, December 8th. CBS’s dividend payout ratio is presently 20.93%.

A number of institutional investors and hedge funds have recently bought and sold shares of CBS. Fred Alger Management Inc. increased its position in CBS by 0.6% during the 2nd quarter. Fred Alger Management Inc. now owns 4,880,086 shares of the media conglomerate’s stock worth $311,252,000 after purchasing an additional 29,986 shares during the period. Sound Shore Management Inc. CT increased its position in CBS by 32.8% during the 3rd quarter. Sound Shore Management Inc. CT now owns 2,440,353 shares of the media conglomerate’s stock worth $141,540,000 after purchasing an additional 603,157 shares during the period. Focused Investors LLC increased its position in CBS by 43.0% during the 3rd quarter. Focused Investors LLC now owns 1,624,900 shares of the media conglomerate’s stock worth $94,244,000 after purchasing an additional 488,700 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in CBS by 0.9% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,147,664 shares of the media conglomerate’s stock worth $66,565,000 after purchasing an additional 10,212 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in CBS by 0.4% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 751,312 shares of the media conglomerate’s stock worth $43,576,000 after purchasing an additional 2,978 shares during the period. 74.83% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on CBS shares. Royal Bank of Canada reduced their target price on CBS from $77.00 to $66.00 and set an “outperform” rating on the stock in a research report on Friday, November 3rd. Cowen restated a “buy” rating and issued a $69.00 target price on shares of CBS in a research report on Friday, October 27th. Zacks Investment Research raised CBS from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. ValuEngine cut CBS from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $78.00 price objective on shares of CBS in a research note on Friday, October 6th. Six analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $73.17.

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CBS Company 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.

Insider Buying and Selling by Quarter for CBS (NYSE:CBS)

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