CBS Corporation (NYSE:CBS) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 19,772,066 shares, a growth of 59.7% from the October 13th total of 12,382,718 shares. Currently, 5.6% of the shares of the stock are short sold. Based on an average daily volume of 4,176,277 shares, the days-to-cover ratio is currently 4.7 days.

In related news, CEO Leslie Moonves sold 150,000 shares of CBS Corporation stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $64.68, for a total transaction of $9,702,000.00. Following the sale, the chief executive officer now owns 1,182,652 shares of the company’s stock, valued at approximately $76,493,931.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gil D. Schwartz sold 54,131 shares of CBS Corporation stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $58.40, for a total value of $3,161,250.40. Following the sale, the executive vice president now directly owns 102,483 shares in the company, valued at approximately $5,985,007.20. The disclosure for this sale can be found here. Insiders have sold a total of 728,317 shares of company stock worth $30,942,424 in the last three months. 2.03% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of the business. Parallel Advisors LLC raised its position in shares of CBS Corporation by 42.5% in the 2nd quarter. Parallel Advisors LLC now owns 1,785 shares of the media conglomerate’s stock worth $118,000 after acquiring an additional 532 shares in the last quarter. Regent Investment Management LLC raised its position in shares of CBS Corporation by 5.0% in the 2nd quarter. Regent Investment Management LLC now owns 6,352 shares of the media conglomerate’s stock worth $405,000 after acquiring an additional 300 shares in the last quarter. Sit Investment Associates Inc. raised its position in shares of CBS Corporation by 15.2% in the 2nd quarter. Sit Investment Associates Inc. now owns 369,485 shares of the media conglomerate’s stock worth $23,566,000 after acquiring an additional 48,800 shares in the last quarter. Bedrijfstakpensioenfonds Voor DE Media PNO raised its position in shares of CBS Corporation by 38.5% in the 2nd quarter. Bedrijfstakpensioenfonds Voor DE Media PNO now owns 26,039 shares of the media conglomerate’s stock worth $1,661,000 after acquiring an additional 7,239 shares in the last quarter. Finally, Aperio Group LLC raised its position in shares of CBS Corporation by 7.2% in the 2nd quarter. Aperio Group LLC now owns 211,050 shares of the media conglomerate’s stock worth $13,461,000 after acquiring an additional 14,195 shares in the last quarter. Institutional investors and hedge funds own 74.57% of the company’s stock.

Shares of CBS Corporation (CBS) opened at $55.92 on Tuesday. CBS Corporation has a 1-year low of $52.75 and a 1-year high of $70.10. The firm has a market capitalization of $22,706.10, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 1.02 and a beta of 1.62. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.55 and a quick ratio of 1.10.

CBS Corporation (NYSE:CBS) last issued its earnings results on Thursday, November 2nd. The media conglomerate reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.04. CBS Corporation had a return on equity of 58.49% and a net margin of 2.14%. The business had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the prior year, the business earned $1.05 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. sell-side analysts predict that CBS Corporation will post 4.39 earnings per share for the current fiscal year.

A number of research firms have issued reports on CBS. Argus reaffirmed a “buy” rating and issued a $79.00 price objective (up previously from $71.00) on shares of CBS Corporation in a research note on Thursday, August 10th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $73.00 price objective (up previously from $71.00) on shares of CBS Corporation in a research note on Wednesday, August 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $80.00 price objective on shares of CBS Corporation in a research note on Tuesday, August 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $77.00 price objective (up previously from $75.00) on shares of CBS Corporation in a research note on Tuesday, August 8th. Finally, Cowen and Company reaffirmed a “buy” rating on shares of CBS Corporation in a research note on Thursday, September 21st. Six investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. CBS Corporation currently has a consensus rating of “Buy” and a consensus price target of $73.33.

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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.

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