CBS Corporation (NYSE:CBS) CEO Leslie Moonves sold 150,000 shares of the company’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $57.62, for a total transaction of $8,643,000.00. Following the completion of the sale, the chief executive officer now owns 1,182,652 shares of the company’s stock, valued at approximately $68,144,408.24. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

  • On Wednesday, September 20th, Leslie Moonves sold 150,000 shares of CBS Corporation stock. The stock was sold at an average price of $59.04, for a total transaction of $8,856,000.00.
  • On Wednesday, August 23rd, Leslie Moonves sold 150,000 shares of CBS Corporation stock. The stock was sold at an average price of $64.68, for a total transaction of $9,702,000.00.

Shares of CBS Corporation (NYSE CBS) traded down 0.51% during midday trading on Wednesday, hitting $57.10. 4,973,413 shares of the stock were exchanged. The stock has a market cap of $22.93 billion, a P/E ratio of 145.29 and a beta of 1.68. The firm’s 50 day moving average price is $60.10 and its 200-day moving average price is $63.46. CBS Corporation has a 52-week low of $54.37 and a 52-week high of $70.10.

CBS Corporation (NYSE:CBS) last posted its quarterly earnings results on Monday, August 7th. The media conglomerate reported $1.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.07. CBS Corporation had a return on equity of 49.51% and a net margin of 1.27%. The company had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the previous year, the firm earned $0.93 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts expect that CBS Corporation will post $4.46 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Sunday, October 1st. Investors of record on Friday, September 8th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $0.72 dividend on an annualized basis and a yield of 1.26%. CBS Corporation’s dividend payout ratio is presently 211.76%.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Glenview Capital Management LLC lifted its holdings in CBS Corporation by 6.7% in the 1st quarter. Glenview Capital Management LLC now owns 5,471,963 shares of the media conglomerate’s stock worth $379,535,000 after purchasing an additional 343,424 shares in the last quarter. Fred Alger Management Inc. lifted its holdings in CBS Corporation by 0.6% in 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 in the last quarter. Geode Capital Management LLC lifted its holdings in CBS Corporation by 3.1% in the 1st quarter. Geode Capital Management LLC now owns 3,680,166 shares of the media conglomerate’s stock worth $254,889,000 after purchasing an additional 109,782 shares in the last quarter. FMR LLC lifted its holdings in CBS Corporation by 21.2% in the 1st quarter. FMR LLC now owns 3,530,274 shares of the media conglomerate’s stock worth $244,860,000 after purchasing an additional 618,593 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in CBS Corporation by 3.9% in the 1st quarter. Legal & General Group Plc now owns 1,946,884 shares of the media conglomerate’s stock worth $135,036,000 after purchasing an additional 72,701 shares in the last quarter. 75.05% of the stock is currently owned by institutional investors.

Several research firms have recently issued reports on CBS. Cowen and Company reiterated a “buy” rating on shares of CBS Corporation in a research note on Thursday, September 21st. BidaskClub upgraded shares of CBS Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Jefferies Group LLC reiterated a “buy” rating and issued a $71.00 target price on shares of CBS Corporation in a research note on Wednesday, June 14th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $77.00 target price (up previously from $75.00) on shares of CBS Corporation in a research note on Tuesday, August 8th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $80.00 target price on shares of CBS Corporation in a research note on Wednesday, June 28th. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $74.94.

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.

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

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