CBS Co. (NYSE:CBS) CEO Leslie Moonves sold 85,000 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $59.07, for a total value of $5,020,950.00. Following the completion of the sale, the chief executive officer now directly owns 971,448 shares in the company, valued at approximately $57,383,433.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

  • On Tuesday, December 12th, Leslie Moonves sold 85,000 shares of CBS stock. The shares were sold at an average price of $57.85, for a total value of $4,917,250.00.

Shares of CBS Co. (NYSE:CBS) traded up $1.10 during trading hours on Thursday, reaching $60.00. The company had a trading volume of 7,368,913 shares, compared to its average volume of 4,790,500. The company has a market cap of $24,350.00, a price-to-earnings ratio of 17.44, a P/E/G ratio of 0.94 and a beta of 1.62. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.10 and a current ratio of 1.55. CBS Co. has a twelve month low of $52.75 and a twelve month high of $70.10.

CBS (NYSE:CBS) last announced its 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. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.26 billion. CBS had a return on equity of 58.49% and a net margin of 2.14%. CBS’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $1.05 EPS. equities analysts anticipate that CBS Co. will post 4.39 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, January 1st. Investors of record on Monday, December 11th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.20%. The ex-dividend date was Friday, December 8th. CBS’s dividend payout ratio is currently 20.93%.

A number of large investors have recently made changes to their positions in CBS. Ameriprise Financial Inc. raised its position in CBS by 0.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 419,333 shares of the media conglomerate’s stock worth $26,774,000 after purchasing an additional 2,817 shares during the last quarter. Thrivent Financial For Lutherans raised its position in shares of CBS by 2.7% in the 2nd quarter. Thrivent Financial For Lutherans now owns 14,130 shares of the media conglomerate’s stock worth $901,000 after acquiring an additional 370 shares in the last quarter. Cibc World Markets Corp raised its position in shares of CBS by 34.0% in the 2nd quarter. Cibc World Markets Corp now owns 52,046 shares of the media conglomerate’s stock worth $3,319,000 after acquiring an additional 13,209 shares in the last quarter. Bank of Hawaii raised its position in shares of CBS by 0.3% in the 2nd quarter. Bank of Hawaii now owns 18,458 shares of the media conglomerate’s stock worth $1,177,000 after acquiring an additional 50 shares in the last quarter. Finally, Fred Alger Management Inc. raised its position in shares of CBS 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 acquiring an additional 29,986 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Several research firms recently weighed in on CBS. Benchmark reissued a “buy” rating and set a $78.00 price objective on shares of CBS in a report on Tuesday. Pivotal Research reissued a “hold” rating and set a $64.00 price objective (up previously from $62.00) on shares of CBS in a report on Tuesday, January 9th. Zacks Investment Research raised CBS from a “sell” rating to a “hold” rating in a report on Monday, January 8th. Wells Fargo & Co reissued an “outperform” rating and set a $70.00 price objective (down previously from $75.00) on shares of CBS in a report on Thursday, January 4th. Finally, Piper Jaffray Companies set a $70.00 price objective on CBS and gave the company a “buy” rating in a report on Wednesday, January 3rd. Seven equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. CBS has an average rating of “Buy” and an average price target of $71.96.

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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.

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

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