Media headlines about CBS (NYSE:CBS) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. CBS earned a daily sentiment score of 0.03 on Accern’s scale. Accern also assigned news coverage about the media conglomerate an impact score of 43.2723302939138 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
CBS (CBS) opened at $53.00 on Tuesday. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.55 and a quick ratio of 1.10. CBS has a twelve month low of $52.75 and a twelve month high of $70.10. The stock has a market capitalization of $22,169.86, a price-to-earnings ratio of 74.08, a P/E/G ratio of 0.83 and a beta of 1.50.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, March 8th. CBS’s dividend payout ratio (DPR) is presently 98.63%.
A number of equities analysts recently weighed in on the stock. Cowen restated a “buy” rating and set a $69.00 target price on shares of CBS in a report on Friday, October 27th. Zacks Investment Research upgraded shares of CBS from a “sell” rating to a “hold” rating in a report on Monday, January 8th. B. Riley restated a “buy” rating on shares of CBS in a report on Friday, November 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price objective (down from $80.00) on shares of CBS in a report on Friday, November 3rd. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $75.00 price objective on shares of CBS in a report on Wednesday, October 18th. Nine investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $71.46.
In other CBS news, COO Joseph R. Ianniello sold 2,400 shares of CBS stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $60.13, for a total transaction of $144,312.00. Following the completion of the transaction, the chief operating officer now owns 320,723 shares of the company’s stock, valued at approximately $19,285,073.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles K. Gifford sold 5,093 shares of CBS stock in a transaction dated 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 directly owns 70,273 shares of the company’s stock, valued at approximately $4,028,751.09. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 231,470 shares of company stock valued at $13,611,084. Insiders own 2.03% of the company’s stock.
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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.
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