CBS Corp. (NYSE:CBS) hit a new 52-week high on Tuesday . The stock traded as high as $58.15 and last traded at $57.89, with a volume of 1,073,530 shares trading hands. The stock had previously closed at $57.53.

CBS has been the subject of several recent analyst reports. Sanford C. Bernstein restated a “market perform” rating on shares of CBS Corp. in a research note on Friday, June 17th. Morgan Stanley restated an “overweight” rating on shares of CBS Corp. in a research note on Friday, May 27th. Jefferies Group raised their target price on shares of CBS Corp. from $56.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, March 14th. Needham & Company LLC restated a “buy” rating and issued a $65.00 target price on shares of CBS Corp. in a research note on Saturday, July 2nd. Finally, Wells Fargo & Co. reiterated an “outperform” rating on shares of CBS Corp. in a research note on Saturday, June 25th. Five analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $61.86.

The company has a 50 day moving average price of $53.95 and a 200-day moving average price of $51.62. The company has a market capitalization of $26.24 billion and a price-to-earnings ratio of 18.5775.

CBS Corp. (NYSE:CBS) last posted its earnings results on Tuesday, May 3rd. The media conglomerate reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.08. The company earned $3.85 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same period last year, the business earned $0.78 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. Equities analysts forecast that CBS Corp. will post $3.09 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Friday, June 10th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Wednesday, June 8th.

Other hedge funds and institutional investors recently bought and sold shares of the company. Advantus Capital Management Inc increased its position in CBS Corp. by 0.4% in the fourth quarter. Advantus Capital Management Inc now owns 41,834 shares of the media conglomerate’s stock worth $1,972,000 after buying an additional 167 shares during the period. Strategic Global Advisors LLC increased its position in CBS Corp. by 0.9% in the fourth quarter. Strategic Global Advisors LLC now owns 27,590 shares of the media conglomerate’s stock worth $1,300,000 after buying an additional 238 shares during the period. Geller Family Office Services LLC increased its position in CBS Corp. by 2.9% in the fourth quarter. Geller Family Office Services LLC now owns 32,865 shares of the media conglomerate’s stock worth $1,549,000 after buying an additional 917 shares during the period. GAM Holding AG increased its position in CBS Corp. by 3.1% in the fourth quarter. GAM Holding AG now owns 60,261 shares of the media conglomerate’s stock worth $2,840,000 after buying an additional 1,785 shares during the period. Finally, TD Asset Management Inc. increased its position in CBS Corp. by 1.0% in the fourth quarter. TD Asset Management Inc. now owns 200,230 shares of the media conglomerate’s stock worth $9,437,000 after buying an additional 2,000 shares during the period.

CBS Corporation is a mass media company. The Company’s segments include Entertainment, Cable Networks, Publishing and Local Broadcasting. Its Entertainment segment is composed of the CBS Television Network; CBS Television Studios; CBS Global Distribution Group (composed of CBS Studios International and CBS Television Distribution); CBS Interactive, and CBS Films.

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