CBS Corp. (NYSE:CBS) shares saw unusually-high trading volume on Monday . Approximately 3,600,490 shares were traded during trading, a decline of 5% from the previous session’s volume of 3,773,307 shares.The stock last traded at $54.95 and had previously closed at $55.85.

CBS has been the subject of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and set a $65.00 price objective on shares of CBS Corp. in a research report on Saturday, July 2nd. Morgan Stanley restated an “overweight” rating on shares of CBS Corp. in a research note on Friday, May 27th. Argus restated a “buy” rating on shares of CBS Corp. in a research note on Thursday, March 24th. Wedbush boosted their target price on CBS Corp. from $60.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, April 25th. Finally, Wells Fargo & Co. restated an “outperform” rating on shares of CBS Corp. in a research note on Saturday, June 25th. Five investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $61.86.

The stock’s 50 day moving average is $54.39 and its 200 day moving average is $51.95. The company has a market cap of $24.78 billion and a price-to-earnings ratio of 17.54.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Friday, June 10th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Wednesday, June 8th.

A number of hedge funds have made changes to their positions in CBS. Advantus Capital Management Inc increased its stake 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 valued at $1,972,000 after buying an additional 167 shares during the last quarter. Strategic Global Advisors LLC increased its stake 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 valued at $1,300,000 after buying an additional 238 shares during the last quarter. Geller Family Office Services LLC increased its stake 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 valued at $1,549,000 after buying an additional 917 shares during the last quarter. GAM Holding AG increased its stake 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 valued at $2,840,000 after buying an additional 1,785 shares during the last quarter. Finally, TD Asset Management Inc. increased its stake 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 valued at $9,437,000 after buying an additional 2,000 shares during 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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