CBS Co. (CBS) Shares Bought by Benjamin F. Edwards & Company Inc.
Benjamin F. Edwards & Company Inc. raised its stake in shares of CBS Co. (NYSE:CBS) by 21.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,750 shares of the media conglomerate’s stock after buying an additional 307 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in CBS were worth $77,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in CBS. Capital Research Global Investors increased its stake in CBS by 31.6% during the 3rd quarter. Capital Research Global Investors now owns 32,802,753 shares of the media conglomerate’s stock valued at $1,884,518,000 after buying an additional 7,877,689 shares during the period. Capital International Investors increased its stake in CBS by 77.7% during the 3rd quarter. Capital International Investors now owns 3,988,800 shares of the media conglomerate’s stock valued at $229,157,000 after buying an additional 1,744,200 shares during the period. Victory Capital Management Inc. increased its stake in CBS by 21.3% during the 3rd quarter. Victory Capital Management Inc. now owns 3,234,338 shares of the media conglomerate’s stock valued at $185,813,000 after buying an additional 568,942 shares during the period. Capital Guardian Trust Co. acquired a new position in CBS during the 3rd quarter valued at about $30,851,000. Finally, Menora Mivtachim Holdings LTD. acquired a new position in CBS during the 3rd quarter valued at about $23,264,000. 75.25% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have commented on CBS. Stephens raised shares of CBS from an “equal weight” rating to an “overweight” rating and set a $58.00 target price on the stock in a research note on Wednesday, January 2nd. Benchmark reaffirmed a “buy” rating and issued a $90.00 price objective on shares of CBS in a research note on Friday, November 2nd. Barrington Research reaffirmed a “buy” rating and issued a $72.00 price objective on shares of CBS in a research note on Monday, February 4th. Imperial Capital reaffirmed a “buy” rating on shares of CBS in a research note on Monday, November 5th. Finally, Wolfe Research initiated coverage on shares of CBS in a research note on Friday, December 7th. They issued a “market perform” rating on the stock. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. CBS has an average rating of “Buy” and an average target price of $65.38.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 11th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Friday, March 8th. CBS’s payout ratio is 17.18%.
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CBS Corporation operates as a mass media company worldwide. The company operates through four segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; produces, acquires, and/or distributes programming, including series, specials, news, and public affairs; operates online content networks for information and entertainment; produces, acquires, and distributes theatrical motion pictures; and digital streaming services.
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