Somewhat Positive News Coverage Somewhat Unlikely to Affect CBS Co. Common Stock (CBS) Share Price
News headlines about CBS Co. Common Stock (NYSE:CBS) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. CBS Co. Common Stock earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media coverage about the media conglomerate an impact score of 45.0967639058009 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- HBO’s ‘Succession’ Exposes a Hollywood Pain Point (finance.yahoo.com)
- How Is Disney’s ESPN Plus Doing? (finance.yahoo.com)
- Radian Declares Regular Quarterly Dividend on Common Stock and Approves New Share Repurchase Authorization (marketwatch.com)
- CBS UPDATE: Rosen Law Firm Continues to Investigate Securities Claims Against CBS Corporation – CBS (finance.yahoo.com)
- Edited Transcript of CBS earnings conference call or presentation 2-Aug-18 8:30pm GMT (finance.yahoo.com)
Shares of CBS opened at $53.22 on Friday. The firm has a market capitalization of $19.75 billion, a price-to-earnings ratio of 12.70, a P/E/G ratio of 0.70 and a beta of 1.39. CBS Co. Common Stock has a fifty-two week low of $47.54 and a fifty-two week high of $65.94. The company has a current ratio of 1.60, a quick ratio of 1.10 and a debt-to-equity ratio of 4.37.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Monday, September 10th will be issued a $0.18 dividend. The ex-dividend date is Friday, September 7th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.35%. CBS Co. Common Stock’s dividend payout ratio (DPR) is presently 17.18%.
Several analysts have commented on CBS shares. Royal Bank of Canada set a $63.00 target price on shares of CBS Co. Common Stock and gave the stock a “buy” rating in a research note on Friday, August 3rd. Bank of America cut shares of CBS Co. Common Stock from a “buy” rating to a “neutral” rating and set a $58.00 target price for the company. in a research note on Thursday, May 17th. Loop Capital lowered their target price on shares of CBS Co. Common Stock from $79.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, May 18th. Sanford C. Bernstein raised shares of CBS Co. Common Stock to a “buy” rating in a research note on Monday, May 21st. Finally, Barrington Research reaffirmed a “buy” rating and issued a $73.00 target price on shares of CBS Co. Common Stock in a research note on Monday, May 7th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $67.53.
In other CBS Co. Common Stock news, EVP Jonathan Anschell sold 10,000 shares of CBS Co. Common Stock stock in a transaction on Friday, May 25th. The shares were sold at an average price of $51.05, for a total value of $510,500.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Gil D. Schwartz sold 160,709 shares of CBS Co. Common Stock stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $55.08, for a total transaction of $8,851,851.72. Following the transaction, the executive vice president now owns 110,252 shares in the company, valued at approximately $6,072,680.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 252,067 shares of company stock worth $13,959,147. 1.80% of the stock is owned by company insiders.
About CBS Co. Common Stock
CBS Corporation operates as a mass media company worldwide. The company operates through four segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; produces, acquires, and/or distributes programming, including series, specials, news, and public affairs; operates online content networks for information and entertainment; produces, acquires, and distributes theatrical motion pictures; and digital streaming services.
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