CBS Corporation (NYSE:CBS) Director Charles K. Gifford sold 5,093 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $57.33, for a total value of $291,981.69. Following the transaction, the director now owns 70,273 shares in the company, valued at approximately $4,028,751.09. The sale was disclosed in a document filed with the SEC, which is available through this link.
Shares of CBS Corporation (CBS) traded down $0.82 during trading on Monday, reaching $55.92. The company had a trading volume of 21,413,836 shares, compared to its average volume of 3,512,656. CBS Corporation has a 12 month low of $52.75 and a 12 month high of $70.10. The stock has a market cap of $22,706.10, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.02 and a beta of 1.62. The company has a quick ratio of 1.10, a current ratio of 1.55 and a debt-to-equity ratio of 3.03.
CBS Corporation (NYSE:CBS) last announced its 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 Corporation had a return on equity of 58.49% and a net margin of 2.14%. The company had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period last year, the business posted $1.05 EPS. CBS Corporation’s revenue for the quarter was up 2.8% on a year-over-year basis. equities research analysts anticipate that CBS Corporation will post 4.39 EPS for the current year.
TRADEMARK VIOLATION WARNING: This report was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The original version of this report can be accessed at https://www.chaffeybreeze.com/2017/11/13/insider-selling-cbs-corporation-cbs-director-sells-5093-shares-of-stock.html.
Several research firms recently commented on CBS. BidaskClub raised CBS Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Barclays PLC set a $57.00 price objective on CBS Corporation and gave the company a “hold” rating in a research note on Friday, August 11th. Argus reissued a “buy” rating and issued a $79.00 price objective (up from $71.00) on shares of CBS Corporation in a research note on Thursday, August 10th. BMO Capital Markets reissued a “buy” rating and issued a $80.00 price objective on shares of CBS Corporation in a research note on Tuesday, August 8th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $77.00 price objective (up from $75.00) on shares of CBS Corporation in a research note on Tuesday, August 8th. Six equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. CBS Corporation currently has an average rating of “Buy” and an average price target of $73.33.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of Hawaii boosted its stake in shares of CBS Corporation by 0.3% in the 2nd quarter. Bank of Hawaii now owns 18,458 shares of the media conglomerate’s stock valued at $1,177,000 after buying an additional 50 shares during the period. Osborn Williams & Donohoe LLC boosted its stake in shares of CBS Corporation by 1.0% in the 2nd quarter. Osborn Williams & Donohoe LLC now owns 10,312 shares of the media conglomerate’s stock valued at $658,000 after buying an additional 100 shares during the period. Stanley Laman Group Ltd. boosted its stake in shares of CBS Corporation by 1.4% in the 2nd quarter. Stanley Laman Group Ltd. now owns 9,201 shares of the media conglomerate’s stock valued at $587,000 after buying an additional 127 shares during the period. Geneva Advisors LLC boosted its stake in shares of CBS Corporation by 3.0% in the 2nd quarter. Geneva Advisors LLC now owns 7,818 shares of the media conglomerate’s stock valued at $499,000 after buying an additional 227 shares during the period. Finally, Palladium Partners LLC boosted its stake in shares of CBS Corporation by 6.8% in the 2nd quarter. Palladium Partners LLC now owns 3,757 shares of the media conglomerate’s stock valued at $240,000 after buying an additional 240 shares during the period. Institutional investors and hedge funds own 74.57% 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.
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.