Chesley Taft & Associates LLC continued to hold its position in CBS Corporation (NYSE:CBS) during the second quarter, Holdings Channel reports. The firm owned 3,221 shares of the media conglomerate’s stock at the end of the second quarter. Chesley Taft & Associates LLC’s holdings in CBS Corporation were worth $205,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Israel Discount Bank of New York purchased a new position in CBS Corporation during the first quarter worth about $114,000. Ruggie Capital Group purchased a new position in CBS Corporation during the first quarter worth about $120,000. State of Alaska Department of Revenue purchased a new position in CBS Corporation during the first quarter worth about $157,000. Independent Portfolio Consultants Inc. increased its position in CBS Corporation by 31.4% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,936 shares of the media conglomerate’s stock worth $187,000 after buying an additional 701 shares during the last quarter. Finally, Holderness Investments Co. purchased a new position in CBS Corporation during the first quarter worth about $203,000. 75.23% of the stock is currently owned by institutional investors and hedge funds.

CBS Corporation (CBS) opened at 63.91 on Friday. The stock has a market capitalization of $25.94 billion, a PE ratio of 52.13 and a beta of 1.70. The stock has a 50 day moving average price of $61.88 and a 200 day moving average price of $64.73. CBS Corporation has a 52 week low of $48.88 and a 52 week high of $70.10.

CBS Corporation (NYSE:CBS) last announced its earnings results on Thursday, May 4th. The media conglomerate reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.09. The firm had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.29 billion. CBS Corporation had a return on equity of 41.55% and a net margin of 3.96%. The business’s revenue was down 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.02 EPS. Equities analysts forecast that CBS Corporation will post $4.44 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Saturday, July 1st. Investors of record on Friday, June 9th were given a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.13%. CBS Corporation’s dividend payout ratio (DPR) is presently 63.72%.

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A number of equities analysts have recently issued reports on CBS shares. Benchmark Co. increased their price target on CBS Corporation from $74.00 to $76.00 and gave the stock a “buy” rating in a research report on Friday, May 5th. Rosenblatt Securities reissued a “buy” rating and set a $80.00 price target on shares of CBS Corporation in a research report on Friday, April 14th. Guggenheim reissued a “buy” rating and set a $80.00 price target on shares of CBS Corporation in a research report on Friday, April 14th. FBR & Co reissued a “buy” rating and set a $86.00 price target on shares of CBS Corporation in a research report on Friday, April 7th. Finally, Instinet increased their price target on CBS Corporation from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, March 30th. Seven investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. CBS Corporation presently has an average rating of “Buy” and a consensus target price of $71.31.

In related news, CEO Leslie Moonves sold 200,000 shares of the company’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $63.79, for a total value of $12,758,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,232,652 shares of the company’s stock, valued at approximately $78,630,871.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Gil D. Schwartz sold 5,270 shares of the company’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $64.08, for a total value of $337,701.60. Following the completion of the sale, the executive vice president now directly owns 60,322 shares of the company’s stock, valued at $3,865,433.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 213,437 shares of company stock valued at $13,616,593. Insiders own 1.67% of the company’s stock.

CBS Corporation Company Profile

CBS Corporation is a mass media company. The Company operates through four segment: Entertainment, Cable Networks, Publishing, Local Media. The Entertainment segment comprises the CBS TV Network; CBS TV Studios; CBS Studios International and CBS TV Distribution; CBS Interactive; CBS Films; and the Company’s digital streaming services, CBS All Access and CBSN.

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Institutional Ownership by Quarter for CBS Corporation (NYSE:CBS)

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