CBS Co. (CBS) COO Joseph R. Ianniello Sells 2,263 Shares

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.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Monday, December 11th were given a $0.18 dividend. The ex-dividend date was Friday, December 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.24%. CBS’s payout ratio is 20.93%.

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.

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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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