CBS Corp. (NYSE:CBS) saw an uptick in trading volume on Monday . 3,600,490 shares traded hands during mid-day 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.

Several brokerages recently weighed in on CBS. Benchmark Co. lifted their price target on CBS Corp. from $56.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, May 3rd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of CBS Corp. in a report on Wednesday, May 4th. Piper Jaffray Cos. reiterated a “buy” rating and issued a $65.00 price objective (up from $60.00) on shares of CBS Corp. in a report on Wednesday, May 4th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $70.00 price objective (up from $68.00) on shares of CBS Corp. in a report on Wednesday, May 4th. Finally, Wedbush reiterated an “outperform” rating and issued a $65.00 price objective (up from $63.00) on shares of CBS Corp. in a report on Wednesday, May 4th. Four analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $61.87.

The stock’s 50 day moving average price is $54.40 and its 200 day moving average price is $51.97. The stock has a market cap of $24.76 billion and a P/E ratio of 17.53.

CBS Corp. (NYSE:CBS) last issued its earnings results on Tuesday, May 3rd. The media conglomerate reported $1.02 earnings per share (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 posted $0.78 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. On average, equities research analysts expect that CBS Corp. will post $3.09 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Friday, June 10th were issued a $0.15 dividend. The ex-dividend date was Wednesday, June 8th. This represents a $0.60 dividend on an annualized basis and a yield of 1.09%.

Other hedge funds and institutional investors recently modified their holdings of the company. Victory Capital Management Inc. boosted its position in shares of CBS Corp. by 5,817.0% in the fourth quarter. Victory Capital Management Inc. now owns 938,383 shares of the media conglomerate’s stock worth $44,226,000 after buying an additional 922,524 shares during the period. Systematic Financial Management LP bought a new position in shares of CBS Corp. during the fourth quarter worth about $33,438,000. BNP Paribas Arbitrage SA boosted its position in shares of CBS Corp. by 137.8% in the fourth quarter. BNP Paribas Arbitrage SA now owns 828,721 shares of the media conglomerate’s stock worth $39,058,000 after buying an additional 480,159 shares during the period. Marshall Wace LLP boosted its position in shares of CBS Corp. by 37.2% in the fourth quarter. Marshall Wace LLP now owns 1,499,973 shares of the media conglomerate’s stock worth $70,694,000 after buying an additional 406,863 shares during the period. Finally, OppenheimerFunds Inc. boosted its position in shares of CBS Corp. by 102.4% in the fourth quarter. OppenheimerFunds Inc. now owns 602,309 shares of the media conglomerate’s stock worth $28,381,000 after buying an additional 304,683 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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