CBS Co. (NYSE:CBS) – Analysts at Loop Capital Mk boosted their Q2 2018 earnings per share (EPS) estimates for CBS in a note issued to investors on Thursday, according to Zacks Investment Research. Loop Capital Mk analyst D. Miller now expects that the media conglomerate will post earnings per share of $1.18 for the quarter, up from their prior forecast of $1.17.
A number of other analysts also recently weighed in on the company. ValuEngine downgraded CBS from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Wells Fargo & Co downgraded CBS from an “outperform” rating to a “market perform” rating and set a $63.00 target price for the company. in a research report on Monday, January 29th. Stephens downgraded CBS from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $72.00 to $64.00 in a research report on Monday, January 22nd. Benchmark reiterated a “buy” rating and set a $78.00 target price on shares of CBS in a research report on Tuesday, January 16th. Finally, Pivotal Research restated a “hold” rating and set a $64.00 price objective (up from $62.00) on shares of CBS in a research report on Tuesday, January 9th. Nine research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. CBS presently has an average rating of “Buy” and a consensus target price of $70.96.
Shares of CBS (NYSE:CBS) opened at $53.16 on Monday. The firm has a market capitalization of $21,270.00, a price-to-earnings ratio of 15.45, a PEG ratio of 0.79 and a beta of 1.50. The company has a current ratio of 1.55, a quick ratio of 1.10 and a debt-to-equity ratio of 3.03. CBS has a 1 year low of $50.63 and a 1 year high of $70.10.
The company also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.72 annualized dividend and a yield of 1.35%. CBS’s dividend payout ratio is presently 20.93%.
In other CBS news, CEO Leslie Moonves sold 85,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 884,513 shares in the company, valued at $51,169,077.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joseph R. Ianniello sold 2,400 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $60.13, for a total value 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 $19,285,073.99. The disclosure for this sale can be found here. Insiders sold 226,377 shares of company stock valued at $13,319,103 over the last quarter. Corporate insiders own 2.03% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Thrivent Financial For Lutherans increased its stake in shares of CBS by 2.7% in the second quarter. Thrivent Financial For Lutherans now owns 14,130 shares of the media conglomerate’s stock valued at $901,000 after buying an additional 370 shares during the period. Intellectus Partners LLC increased its stake in shares of CBS by 8.4% in the second quarter. Intellectus Partners LLC now owns 6,601 shares of the media conglomerate’s stock valued at $422,000 after buying an additional 509 shares during the period. Parsons Capital Management Inc. RI increased its stake in shares of CBS by 10.5% in the fourth quarter. Parsons Capital Management Inc. RI now owns 10,544 shares of the media conglomerate’s stock valued at $622,000 after buying an additional 1,005 shares during the period. Osborn Williams & Donohoe LLC increased its stake in shares of CBS by 11.1% in the fourth quarter. Osborn Williams & Donohoe LLC now owns 10,986 shares of the media conglomerate’s stock valued at $648,000 after buying an additional 1,095 shares during the period. Finally, Green Square Capital LLC increased its stake in shares of CBS by 18.4% in the second quarter. Green Square Capital LLC now owns 7,390 shares of the media conglomerate’s stock valued at $473,000 after buying an additional 1,150 shares during the period. Hedge funds and other institutional investors own 75.31% of the company’s stock.
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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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