CBS Corporation (NYSE:CBS) Director Arnold Kopelson sold 5,093 shares of CBS stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $59.51, for a total transaction of $303,084.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

CBS Corporation (NYSE CBS) traded down $0.67 during midday trading on Wednesday, reaching $57.43. 2,798,007 shares of the company’s stock traded hands, compared to its average volume of 4,179,969. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.55 and a quick ratio of 1.10. CBS Corporation has a 1 year low of $52.75 and a 1 year high of $70.10. The company has a market capitalization of $24,050.70, a price-to-earnings ratio of 13.98, a P/E/G ratio of 1.08 and a beta of 1.62.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Monday, December 11th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.25%. The ex-dividend date is Friday, December 8th. CBS’s dividend payout ratio (DPR) is currently 98.63%.

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

A number of research analysts have weighed in on the stock. Barclays set a $57.00 price target on shares of CBS and gave the company a “hold” rating in a research note on Friday, August 11th. Argus reaffirmed a “buy” rating and issued a $79.00 price target (up previously from $71.00) on shares of CBS in a research note on Thursday, August 10th. BMO Capital Markets reaffirmed a “buy” rating and issued a $80.00 price target on shares of CBS in a research note on Tuesday, August 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $77.00 price target (up previously from $75.00) on shares of CBS in a research note on Tuesday, August 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $80.00 price target on shares of CBS in a research note on Tuesday, August 8th. Six research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. CBS presently has an average rating of “Buy” and a consensus price target of $73.13.

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About CBS

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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