Private Capital Advisors Inc. increased its stake in shares of CBS Corporation (NYSE:CBS) by 95.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,580 shares of the media conglomerate’s stock after purchasing an additional 70,735 shares during the quarter. CBS comprises about 3.0% of Private Capital Advisors Inc.’s portfolio, making the stock its 5th biggest position. Private Capital Advisors Inc.’s holdings in CBS were worth $8,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CBS. Icon Advisers Inc. Co. grew its stake in shares of CBS by 16.9% during the second quarter. Icon Advisers Inc. Co. now owns 59,504 shares of the media conglomerate’s stock valued at $3,795,000 after purchasing an additional 8,600 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of CBS by 0.7% during the second quarter. Ameriprise Financial Inc. now owns 419,333 shares of the media conglomerate’s stock valued at $26,774,000 after purchasing an additional 2,817 shares during the last quarter. Amalgamated Bank grew its stake in shares of CBS by 53.2% during the second quarter. Amalgamated Bank now owns 42,344 shares of the media conglomerate’s stock valued at $2,701,000 after purchasing an additional 14,700 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in shares of CBS by 2.7% during the second quarter. Thrivent Financial For Lutherans now owns 14,130 shares of the media conglomerate’s stock valued at $901,000 after purchasing an additional 370 shares during the last quarter. Finally, Cibc World Markets Corp grew its stake in shares of CBS by 34.0% during the second quarter. Cibc World Markets Corp now owns 52,046 shares of the media conglomerate’s stock valued at $3,319,000 after purchasing an additional 13,209 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

CBS Corporation (NYSE:CBS) traded up $1.07 on Friday, reaching $58.83. 6,280,000 shares of the company’s stock traded hands, compared to its average volume of 4,010,000. The company has a current ratio of 1.55, a quick ratio of 1.10 and a debt-to-equity ratio of 3.03. The firm has a market capitalization of $23,550.00, a price-to-earnings ratio of 17.10, a PEG ratio of 0.91 and a beta of 1.62. CBS Corporation has a 12 month low of $52.75 and a 12 month high of $70.10.

CBS (NYSE:CBS) last posted its earnings results on Thursday, November 2nd. The media conglomerate reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.04. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.26 billion. CBS had a net margin of 2.14% and a return on equity of 58.49%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the business posted $1.05 earnings per share. research analysts forecast that CBS Corporation will post 4.4 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, January 1st. Shareholders of record on Monday, December 11th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, December 8th. This represents a $0.72 annualized dividend and a yield of 1.22%. CBS’s dividend payout ratio (DPR) is presently 20.93%.

In other news, CEO Leslie Moonves sold 85,000 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $57.85, for a total transaction of $4,917,250.00. Following the completion of the sale, the chief executive officer now owns 884,513 shares of the company’s stock, valued at $51,169,077.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles K. Gifford sold 5,093 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $57.33, for a total transaction of $291,981.69. Following the sale, the director now directly owns 70,273 shares of the company’s stock, valued at approximately $4,028,751.09. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,279 shares of company stock worth $5,794,978. Company insiders own 2.03% of the company’s stock.

CBS has been the topic of several analyst reports. Morgan Stanley initiated coverage on shares of CBS in a report on Wednesday, December 6th. They issued an “overweight” rating and a $68.00 price objective on the stock. Zacks Investment Research lowered shares of CBS from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Stephens initiated coverage on shares of CBS in a report on Thursday, December 14th. They issued an “overweight” rating and a $70.00 price objective on the stock. Barclays cut their price objective on shares of CBS from $57.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday, October 13th. Finally, Cowen restated a “buy” rating and issued a $69.00 price objective on shares of CBS in a report on Friday, October 27th. Seven research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $72.04.

ILLEGAL ACTIVITY NOTICE: This story was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The legal version of this story can be viewed at https://www.watchlistnews.com/private-capital-advisors-inc-buys-70735-shares-of-cbs-corporation-cbs/1804824.html.

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.

Want to see what other hedge funds are holding CBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBS Corporation (NYSE:CBS).

Institutional Ownership by Quarter for CBS (NYSE:CBS)

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