CBS Corp. (NYSE:CBS) shares reached a new 52-week high during trading on Tuesday . The company 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.

A number of research analysts recently commented on CBS shares. Moffett Nathanson boosted their price target on CBS Corp. to $56.00 in a research note on Tuesday, April 12th. Argus reaffirmed a “buy” rating on shares of CBS Corp. in a research note on Thursday, March 24th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $64.00 price target (up previously from $60.00) on shares of CBS Corp. in a research note on Wednesday, March 16th. FBR & Co reaffirmed a “buy” rating on shares of CBS Corp. in a research note on Wednesday, March 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $65.00 price target (up previously from $52.00) on shares of CBS Corp. in a research note on Wednesday, March 16th. Five research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. CBS Corp. has an average rating of “Buy” and an average price target of $61.86.

The company’s 50 day moving average price is $54.23 and its 200-day moving average price is $51.71. The company has a market capitalization of $26.05 billion and a price-to-earnings ratio of 18.44.

CBS Corp. (NYSE:CBS) last released its quarterly earnings results on Tuesday, May 3rd. The media conglomerate reported $1.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.08. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the prior year, the firm posted $0.78 EPS. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, equities research analysts anticipate that CBS Corp. will post $3.09 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Friday, June 10th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Wednesday, June 8th.

A number of hedge funds recently added to or reduced their stakes in CBS. Wellington Shields Capital Management LLC raised its stake in CBS Corp. by 59.8% in the fourth quarter. Wellington Shields Capital Management LLC now owns 26,524 shares of the media conglomerate’s stock valued at $1,250,000 after buying an additional 9,924 shares in the last quarter. WBI Investments Inc. bought a new stake in CBS Corp. during the fourth quarter valued at about $1,253,000. Condor Capital Management raised its stake in CBS Corp. by 105.7% in the fourth quarter. Condor Capital Management now owns 26,766 shares of the media conglomerate’s stock valued at $1,261,000 after buying an additional 13,754 shares in the last quarter. Strategic Global Advisors LLC raised its stake 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 valued at $1,300,000 after buying an additional 238 shares in the last quarter. Finally, Amica Mutual Insurance Co. bought a new stake in CBS Corp. during the fourth quarter valued at about $1,348,000.

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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