Gulf International Bank UK Ltd raised its stake in shares of CBS Co. (NYSE:CBS) by 3.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,291 shares of the media conglomerate’s stock after purchasing an additional 3,300 shares during the period. Gulf International Bank UK Ltd’s holdings in CBS were worth $6,278,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. World Asset Management Inc lifted its stake in shares of CBS by 3.5% in the second quarter. World Asset Management Inc now owns 26,640 shares of the media conglomerate’s stock worth $1,498,000 after buying an additional 908 shares in the last quarter. Nwam LLC lifted its stake in shares of CBS by 15.3% in the third quarter. Nwam LLC now owns 7,035 shares of the media conglomerate’s stock worth $404,000 after buying an additional 932 shares in the last quarter. Kistler Tiffany Companies LLC lifted its stake in shares of CBS by 29.7% in the third quarter. Kistler Tiffany Companies LLC now owns 4,363 shares of the media conglomerate’s stock worth $251,000 after buying an additional 1,000 shares in the last quarter. Advisor Partners LLC lifted its stake in shares of CBS by 18.9% in the second quarter. Advisor Partners LLC now owns 6,763 shares of the media conglomerate’s stock worth $380,000 after buying an additional 1,074 shares in the last quarter. Finally, Ingalls & Snyder LLC lifted its stake in shares of CBS by 11.8% in the third quarter. Ingalls & Snyder LLC now owns 10,433 shares of the media conglomerate’s stock worth $599,000 after buying an additional 1,100 shares in the last quarter. 74.82% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Anthony G. Ambrosio sold 11,697 shares of the firm’s stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $57.53, for a total transaction of $672,928.41. Following the completion of the sale, the executive vice president now directly owns 80,950 shares in the company, valued at $4,657,053.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Anthony G. Ambrosio sold 3,449 shares of CBS stock in a transaction dated Tuesday, October 9th. The shares were sold at an average price of $57.67, for a total transaction of $198,903.83. Following the sale, the executive vice president now owns 72,702 shares of the company’s stock, valued at $4,192,724.34. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,480 shares of company stock valued at $1,117,598. 1.80% of the stock is owned by company insiders.
Several equities analysts have recently weighed in on CBS shares. Barrington Research reissued a “buy” rating and issued a $71.00 price target on shares of CBS in a research note on Monday, August 6th. ValuEngine downgraded shares of CBS from a “sell” rating to a “strong sell” rating in a research note on Monday, July 30th. Morgan Stanley reissued an “equal weight” rating and issued a $65.00 price target on shares of CBS in a research note on Monday, October 15th. UBS Group downgraded shares of CBS from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $72.00 to $60.00 in a research note on Monday, September 10th. Finally, Imperial Capital raised their price target on shares of CBS from $71.00 to $76.00 and gave the stock an “outperform” rating in a research note on Friday, November 2nd. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $66.51.
CBS stock opened at $57.55 on Friday. CBS Co. has a 12-month low of $47.54 and a 12-month high of $61.59. The stock has a market cap of $21.74 billion, a P/E ratio of 13.74, a PEG ratio of 0.74 and a beta of 1.19. The company has a quick ratio of 1.05, a current ratio of 1.51 and a debt-to-equity ratio of 3.76.
CBS (NYSE:CBS) last released its quarterly earnings data on Thursday, November 1st. The media conglomerate reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.02. CBS had a net margin of 9.42% and a return on equity of 86.51%. The firm had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period last year, the business earned $1.11 earnings per share. CBS’s revenue was up 2.9% compared to the same quarter last year. As a group, equities research analysts predict that CBS Co. will post 5.24 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 1st. Investors of record on Tuesday, 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 Monday, December 10th. CBS’s payout ratio is currently 17.18%.
CBS Corporation operates as a mass media company worldwide. The company operates through four segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; produces, acquires, and/or distributes programming, including series, specials, news, and public affairs; operates online content networks for information and entertainment; produces, acquires, and distributes theatrical motion pictures; and digital streaming services.
Featured Story: Return on Investment (ROI) Defined, Explained
Receive News & Ratings for CBS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBS and related companies with MarketBeat.com's FREE daily email newsletter.