Jefferies Group LLC reissued their buy rating on shares of CBS Corporation (NYSE:CBS) in a research note issued to investors on Monday. Jefferies Group LLC currently has a $73.00 price objective on the media conglomerate’s stock.

Several other research firms also recently commented on CBS. BidaskClub upgraded shares of CBS Corporation from a hold rating to a buy rating in a report on Tuesday, July 25th. Barclays PLC set a $57.00 price objective on shares of CBS Corporation and gave the company a hold rating in a report on Friday, August 11th. Argus reiterated a buy rating and issued a $79.00 price objective (up from $71.00) on shares of CBS Corporation in a report on Thursday, August 10th. Needham & Company LLC reiterated a buy rating and issued a $80.00 price objective on shares of CBS Corporation in a report on Tuesday, August 8th. Finally, Royal Bank Of Canada reiterated an outperform rating and issued a $77.00 price objective (up from $75.00) on shares of CBS Corporation in a report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $74.67.

Shares of CBS Corporation (NYSE:CBS) traded up 0.25% during mid-day trading on Monday, reaching $57.10. 156,013 shares of the company’s stock were exchanged. The stock has a market cap of $22.93 billion, a price-to-earnings ratio of 145.29 and a beta of 1.68. The stock’s 50-day moving average is $59.09 and its 200-day moving average is $63.04. CBS Corporation has a 52-week low of $54.93 and a 52-week high of $70.10.

CBS Corporation (NYSE:CBS) last released its quarterly earnings data on Monday, August 7th. The media conglomerate reported $1.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.07. CBS Corporation had a net margin of 1.27% and a return on equity of 49.51%. The firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts expect that CBS Corporation will post $4.45 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Jefferies Group LLC Reaffirms “Buy” Rating for CBS Corporation (CBS)” was originally reported by Daily Political and is the property of of Daily Political. If you are viewing this story on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this story can be viewed at https://www.dailypolitical.com/2017/10/19/jefferies-group-llc-reaffirms-buy-rating-for-cbs-corporation-cbs.html.

The company also recently announced a quarterly dividend, which was paid on Sunday, October 1st. Investors of record on Friday, September 8th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Thursday, September 7th. CBS Corporation’s dividend payout ratio is currently 211.76%.

In related news, CEO Leslie Moonves sold 150,000 shares of the stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $57.62, for a total value of $8,643,000.00. Following the transaction, the chief executive officer now directly owns 1,182,652 shares in the company, valued at approximately $68,144,408.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Gil D. Schwartz sold 5,270 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $65.40, for a total value of $344,658.00. Following the completion of the transaction, the executive vice president now owns 60,322 shares in the company, valued at $3,945,058.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 517,568 shares of company stock worth $31,245,604. 1.67% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the business. Dupont Capital Management Corp bought a new position in CBS Corporation during the 2nd quarter valued at $102,000. Parallel Advisors LLC increased its position in shares of CBS Corporation by 42.5% during the 2nd quarter. Parallel Advisors LLC now owns 1,785 shares of the media conglomerate’s stock valued at $118,000 after purchasing an additional 532 shares during the last quarter. Independent Portfolio Consultants Inc. increased its position in shares of CBS Corporation by 31.4% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,936 shares of the media conglomerate’s stock valued at $187,000 after purchasing an additional 701 shares during the last quarter. Tocqueville Asset Management L.P. purchased a new stake in shares of CBS Corporation during the 2nd quarter valued at $205,000. Finally, Bridgewater Wealth & Financial Management LLC increased its position in shares of CBS Corporation by 12.3% during the 2nd quarter. Bridgewater Wealth & Financial Management LLC now owns 3,421 shares of the media conglomerate’s stock valued at $218,000 after purchasing an additional 374 shares during the last quarter. Institutional investors and hedge funds own 75.06% of the company’s stock.

About CBS Corporation

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.

Analyst Recommendations for CBS Corporation (NYSE:CBS)

Receive News & Ratings for CBS Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBS Corporation and related companies with MarketBeat.com's FREE daily email newsletter.