CBS Co. (NYSE:CBS) COO Joseph R. Ianniello sold 2,263 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $60.00, for a total transaction of $135,780.00. Following the completion of the sale, the chief operating officer now owns 551,494 shares of the company’s stock, valued at $33,089,640. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of CBS Co. (NYSE CBS) traded up $0.50 during mid-day trading on Monday, reaching $58.25. 6,672,811 shares of the company’s stock traded hands, compared to its average volume of 4,040,000. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.55 and a quick ratio of 1.10. The firm has a market capitalization of $23,340.00, a P/E ratio of 16.93, a PEG ratio of 0.91 and a beta of 1.62. CBS Co. has a 1 year low of $52.75 and a 1 year high of $70.10.
CBS (NYSE:CBS) last issued its quarterly earnings data 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 firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate 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 Co. will post 4.38 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Osborn Williams & Donohoe LLC raised its position in shares of CBS by 11.1% in the fourth quarter. Osborn Williams & Donohoe LLC now owns 10,986 shares of the media conglomerate’s stock valued at $648,000 after buying an additional 1,095 shares in the last quarter. Ingalls & Snyder LLC acquired a new stake in shares of CBS in the fourth quarter valued at approximately $604,000. Hollencrest Capital Management acquired a new stake in shares of CBS in the fourth quarter valued at approximately $515,000. State of Alaska Department of Revenue raised its position in shares of CBS by 209.9% in the fourth quarter. State of Alaska Department of Revenue now owns 43,365 shares of the media conglomerate’s stock valued at $2,556,000 after buying an additional 29,371 shares in the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co raised its position in shares of CBS by 10.2% in the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 70,395 shares of the media conglomerate’s stock valued at $4,153,000 after buying an additional 6,520 shares in the last quarter. Institutional investors own 74.89% of the company’s stock.
Several equities research analysts recently issued reports on the stock. Benchmark reiterated a “buy” rating and issued a $78.00 target price on shares of CBS in a research note on Tuesday, January 16th. KeyCorp reiterated a “hold” rating on shares of CBS in a research note on Tuesday, October 17th. Zacks Investment Research upgraded shares of CBS from a “sell” rating to a “hold” rating in a research note on Monday, January 8th. Stephens downgraded shares of CBS from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $72.00 to $64.00 in a research note on Monday. Finally, B. Riley reiterated a “buy” rating on shares of CBS in a research note on Friday, November 3rd. Eight analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $71.73.
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.
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