CBS Co. (NYSE:CBS) CEO Leslie Moonves sold 85,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $59.07, for a total value of $5,020,950.00. Following the sale, the chief executive officer now owns 971,448 shares of the company’s stock, valued at approximately $57,383,433.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Leslie Moonves also recently made the following trade(s):

  • On Tuesday, December 12th, Leslie Moonves sold 85,000 shares of CBS stock. The shares were sold at an average price of $57.85, for a total value of $4,917,250.00.

Shares of CBS Co. (CBS) traded down $1.30 during midday trading on Friday, hitting $58.70. The stock had a trading volume of 1,504,369 shares, compared to its average volume of 4,790,517. CBS Co. has a 1 year low of $52.75 and a 1 year high of $70.10. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.55 and a quick ratio of 1.10. The stock has a market cap of $23,610.00, a PE ratio of 17.06, a PEG ratio of 0.93 and a beta of 1.62.

CBS (NYSE:CBS) last issued its quarterly earnings results on Thursday, November 2nd. The media conglomerate reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.04. CBS had a return on equity of 58.49% and a net margin of 2.14%. The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. research analysts forecast that CBS Co. will post 4.39 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Monday, December 11th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, December 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.23%. CBS’s dividend payout ratio is presently 20.93%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Griffin Asset Management Inc. purchased a new position in shares of CBS during the 2nd quarter valued at $340,000. Intellectus Partners LLC lifted its position in shares of CBS by 8.4% during the 2nd quarter. Intellectus Partners LLC now owns 6,601 shares of the media conglomerate’s stock valued at $422,000 after buying an additional 509 shares during the last quarter. Green Square Capital LLC lifted its position in shares of CBS by 18.4% during the 2nd quarter. Green Square Capital LLC now owns 7,390 shares of the media conglomerate’s stock valued at $473,000 after buying an additional 1,150 shares during the last quarter. Baltimore Capital Management Inc. purchased a new position in shares of CBS during the 3rd quarter valued at $570,000. Finally, Spirit of America Management Corp NY lifted its position in shares of CBS by 24.7% during the 4th quarter. Spirit of America Management Corp NY now owns 10,100 shares of the media conglomerate’s stock valued at $596,000 after buying an additional 2,000 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently commented on CBS. Cowen restated a “buy” rating on shares of CBS in a report on Thursday, September 21st. Jefferies Group restated a “buy” rating and set a $73.00 price objective on shares of CBS in a report on Tuesday, October 3rd. Piper Jaffray Companies set a $70.00 price objective on CBS and gave the company a “buy” rating in a report on Wednesday, January 3rd. Benchmark restated a “buy” rating and set a $80.00 price objective on shares of CBS in a report on Tuesday, October 24th. Finally, Needham & Company LLC restated a “buy” rating and set a $70.00 price objective (down previously from $80.00) on shares of CBS in a report on Friday, November 3rd. Seven investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $71.96.

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CBS 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.

Insider Buying and Selling by Quarter for CBS (NYSE:CBS)

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