CBS Corporation (NYSE:CBS) CEO Leslie Moonves sold 200,000 shares of the stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $63.79, for a total value of $12,758,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,232,652 shares of the company’s stock, valued at $78,630,871.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of CBS Corporation (CBS) opened at 64.60 on Tuesday. The stock has a market cap of $26.22 billion, a P/E ratio of 52.69 and a beta of 1.70. CBS Corporation has a 52-week low of $48.88 and a 52-week high of $70.10. The firm’s 50-day moving average price is $61.88 and its 200-day moving average price is $64.73.

CBS Corporation (NYSE:CBS) last released its quarterly earnings data on Thursday, May 4th. The media conglomerate reported $1.04 EPS for the quarter, beating the consensus estimate of $0.95 by $0.09. CBS Corporation had a net margin of 3.96% and a return on equity of 41.55%. The business had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter in the prior year, the firm earned $1.02 EPS. The business’s revenue was down 6.9% on a year-over-year basis. Equities analysts predict that CBS Corporation will post $4.44 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, July 1st. Shareholders of record on Friday, June 9th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Wednesday, June 7th. CBS Corporation’s dividend payout ratio (DPR) is presently 63.72%.

WARNING: This news story was first reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://www.watchlistnews.com/leslie-moonves-sells-200000-shares-of-cbs-corporation-cbs-stock/1448265.html.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vident Investment Advisory LLC acquired a new position in shares of CBS Corporation during the fourth quarter worth approximately $371,000. Israel Discount Bank of New York GFN acquired a new position in shares of CBS Corporation during the fourth quarter worth approximately $251,000. USA Financial Portformulas Corp acquired a new position in shares of CBS Corporation during the fourth quarter worth approximately $2,845,000. Teachers Advisors LLC increased its position in shares of CBS Corporation by 69.7% in the fourth quarter. Teachers Advisors LLC now owns 1,446,698 shares of the media conglomerate’s stock worth $92,039,000 after buying an additional 594,016 shares during the last quarter. Finally, Kentucky Retirement Systems acquired a new position in shares of CBS Corporation during the fourth quarter worth approximately $1,810,000. 75.10% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently commented on CBS shares. Nomura increased their price objective on CBS Corporation from $72.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, March 30th. Instinet increased their price objective on CBS Corporation from $72.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, March 30th. Rosenblatt Securities started coverage on CBS Corporation in a research note on Tuesday, April 4th. They issued a “buy” rating and a $80.00 price objective for the company. Wells Fargo & Company reissued an “outperform” rating and issued a $77.50 price objective (up from $74.00) on shares of CBS Corporation in a research note on Friday, April 7th. Finally, FBR & Co reissued a “buy” rating and issued a $86.00 price objective on shares of CBS Corporation in a research note on Friday, April 7th. Seven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $71.34.

CBS Corporation 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.

Receive News & Ratings for CBS Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBS Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.