CBS Co. (NYSE:CBS) CEO Leslie Moonves sold 85,000 shares of the firm’s stock in a transaction on Wednesday, April 11th. The stock was sold at an average price of $51.05, for a total transaction of $4,339,250.00. Following the transaction, the chief executive officer now directly owns 885,831 shares of the company’s stock, valued at approximately $45,221,672.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Leslie Moonves also recently made the following trade(s):
- On Tuesday, March 20th, Leslie Moonves sold 85,000 shares of CBS stock. The stock was sold at an average price of $50.46, for a total transaction of $4,289,100.00.
- On Tuesday, February 27th, Leslie Moonves sold 85,000 shares of CBS stock. The stock was sold at an average price of $55.08, for a total transaction of $4,681,800.00.
- On Wednesday, January 17th, Leslie Moonves sold 85,000 shares of CBS stock. The stock was sold at an average price of $59.07, for a total transaction of $5,020,950.00.
CBS opened at $50.07 on Monday. CBS Co. has a fifty-two week low of $49.24 and a fifty-two week high of $69.31. The company has a debt-to-equity ratio of 4.78, a current ratio of 1.58 and a quick ratio of 1.12. The firm has a market capitalization of $19,158.91, a price-to-earnings ratio of 11.95, a PEG ratio of 0.73 and a beta of 1.47.
CBS (NYSE:CBS) last released its quarterly earnings data on Thursday, February 15th. The media conglomerate reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.06. CBS had a net margin of 2.61% and a return on equity of 67.23%. The company had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter in the previous year, the company earned $1.11 earnings per share. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. equities analysts anticipate that CBS Co. will post 5.21 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Sunday, April 1st. Stockholders of record on Friday, March 9th were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $0.72 annualized dividend and a dividend yield of 1.44%. CBS’s dividend payout ratio (DPR) is 17.18%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Xact Kapitalforvaltning AB grew its position in shares of CBS by 3.2% in the fourth quarter. Xact Kapitalforvaltning AB now owns 65,958 shares of the media conglomerate’s stock valued at $3,892,000 after purchasing an additional 2,041 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of CBS by 8.6% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 158,949 shares of the media conglomerate’s stock valued at $9,378,000 after purchasing an additional 12,636 shares during the period. Letko Brosseau & Associates Inc. acquired a new stake in shares of CBS in the fourth quarter valued at about $21,923,000. We Are One Seven LLC acquired a new stake in shares of CBS in the fourth quarter valued at about $137,000. Finally, Banco de Sabadell S.A acquired a new stake in shares of CBS in the fourth quarter valued at about $937,000. Institutional investors and hedge funds own 77.93% of the company’s stock.
Several brokerages recently issued reports on CBS. Citigroup reduced their target price on shares of CBS from $71.00 to $61.00 and set a “buy” rating for the company in a report on Wednesday, March 28th. B. Riley reduced their target price on shares of CBS from $84.00 to $73.00 and set a “buy” rating for the company in a report on Friday, February 16th. BMO Capital Markets reduced their target price on shares of CBS from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Wednesday, February 21st. Benchmark reissued a “buy” rating and set a $78.00 target price on shares of CBS in a report on Tuesday, January 16th. Finally, ValuEngine cut shares of CBS from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Nine analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $69.19.
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CBS Company Profile
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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