Wellington Shields Capital Management LLC grew its holdings in CBS Co. (NYSE:CBS) by 32.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 42,368 shares of the media conglomerate’s stock after acquiring an additional 10,457 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in CBS were worth $2,500,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Intellectus Partners LLC increased its holdings in shares of CBS by 8.4% in the 2nd quarter. Intellectus Partners LLC now owns 6,601 shares of the media conglomerate’s stock valued at $422,000 after acquiring an additional 509 shares during the last quarter. Parsons Capital Management Inc. RI increased its holdings in shares of CBS by 10.5% in the 4th quarter. Parsons Capital Management Inc. RI now owns 10,544 shares of the media conglomerate’s stock valued at $622,000 after acquiring an additional 1,005 shares during the last quarter. Osborn Williams & Donohoe LLC increased its holdings in shares of CBS by 11.1% in the 4th quarter. Osborn Williams & Donohoe LLC now owns 10,986 shares of the media conglomerate’s stock valued at $648,000 after acquiring an additional 1,095 shares during the last quarter. FDx Advisors Inc. increased its holdings in shares of CBS by 3.1% in the 3rd quarter. FDx Advisors Inc. now owns 40,738 shares of the media conglomerate’s stock valued at $2,363,000 after acquiring an additional 1,237 shares during the last quarter. Finally, Sentry Investment Management LLC increased its holdings in shares of CBS by 1.5% in the 2nd quarter. Sentry Investment Management LLC now owns 88,682 shares of the media conglomerate’s stock valued at $5,656,000 after acquiring an additional 1,279 shares during the last quarter. Institutional investors and hedge funds own 75.10% of the company’s stock.

CBS Co. (NYSE:CBS) opened at $53.44 on Thursday. CBS Co. has a 12 month low of $52.75 and a 12 month high of $70.10. The firm has a market capitalization of $21,380.00, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 0.81 and a beta of 1.50. The company has a quick ratio of 1.10, a current ratio of 1.55 and a debt-to-equity ratio of 3.03.

The business also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be paid a $0.18 dividend. The ex-dividend date is Thursday, March 8th. This represents a $0.72 annualized dividend and a dividend yield of 1.35%. CBS’s dividend payout ratio (DPR) is currently 20.93%.

A number of research analysts have recently commented on CBS shares. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price objective (down previously from $80.00) on shares of CBS in a report on Friday, November 3rd. Cowen restated a “buy” rating and set a $69.00 price target on shares of CBS in a research note on Friday, October 27th. Benchmark restated a “buy” rating and set a $80.00 price target on shares of CBS in a research note on Tuesday, October 24th. Piper Jaffray Companies set a $75.00 price target on CBS and gave the stock a “buy” rating in a research note on Monday, October 23rd. Finally, BMO Capital Markets restated a “buy” rating and set a $75.00 price target on shares of CBS in a research note on Wednesday, October 18th. Nine analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $70.96.

In other news, CEO Leslie Moonves sold 85,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $57.85, for a total value of $4,917,250.00. Following the completion of the sale, the chief executive officer now directly owns 884,513 shares of the company’s stock, valued at approximately $51,169,077.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joseph R. Ianniello sold 2,263 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $60.00, for a total value of $135,780.00. Following the completion of the sale, the chief operating officer now directly owns 551,494 shares of the company’s stock, valued at $33,089,640. The disclosure for this sale can be found here. Insiders sold a total of 226,377 shares of company stock worth $13,319,103 over the last quarter. Company insiders own 1.67% of the company’s stock.

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About CBS

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 (NYSE:CBS)

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