Insider Selling: CBS Corporation (CBS) Director Sells 5,093 Shares of Stock

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.

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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.

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

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