Shares of CBS Corp. (NYSE:CBS) traded down 3% during mid-day trading on Friday . The company traded as low as $55.84 and last traded at $56.19, with a volume of 3,319,040 shares. The stock had previously closed at $57.94.

A number of analysts recently issued reports on the company. Morgan Stanley reissued an “overweight” rating on shares of CBS Corp. in a research note on Friday, May 27th. Benchmark Co. increased their target price on CBS Corp. from $56.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, May 3rd. FBR & Co reissued an “outperform” rating and set a $68.00 target price (up from $66.00) on shares of CBS Corp. in a research note on Wednesday, May 4th. Wedbush reissued an “outperform” rating and set a $65.00 target price (up from $63.00) on shares of CBS Corp. in a research note on Wednesday, May 4th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of CBS Corp. in a research note on Thursday, June 30th. Five analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. CBS Corp. presently has a consensus rating of “Buy” and a consensus price target of $61.86.

The stock’s 50-day moving average price is $54.35 and its 200-day moving average price is $51.75. The firm has a market cap of $25.30 billion and a PE ratio of 17.91.

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

The company also recently declared a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Friday, June 10th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.07%.

Several hedge funds and institutional investors have recently modified their holdings of CBS. Advantus Capital Management Inc boosted its position in shares of 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 in the last quarter. Strategic Global Advisors LLC boosted its position in shares of 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 in the last quarter. Geller Family Office Services LLC boosted its position in shares of 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 in the last quarter. GAM Holding AG boosted its position in shares of 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 in the last quarter. Finally, TD Asset Management Inc. boosted its position in shares of 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 in the last quarter.

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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