CBS Co. (CBS) CEO Sells $5,020,950.00 in Stock

CBS Co. (NYSE:CBS) CEO Leslie Moonves sold 85,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $59.07, for a total value of $5,020,950.00. Following the completion of the transaction, the chief executive officer now directly owns 971,448 shares of the company’s stock, valued at $57,383,433.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Leslie Moonves also recently made the following trade(s):

  • On Tuesday, December 12th, Leslie Moonves sold 85,000 shares of CBS stock. The shares were sold at an average price of $57.85, for a total value of $4,917,250.00.

Shares of CBS Co. (CBS) opened at $57.75 on Friday. The stock has a market capitalization of $23,130.00, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 0.95 and a beta of 1.62. CBS Co. has a 12-month low of $52.75 and a 12-month high of $70.10. 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 (NYSE:CBS) last posted its earnings results on Thursday, November 2nd. The media conglomerate reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.04. The firm had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.26 billion. CBS had a return on equity of 58.49% and a net margin of 2.14%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.05 earnings per share. sell-side analysts forecast that CBS Co. will post 4.39 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, January 1st. Shareholders of record on Monday, December 11th were given a dividend of $0.18 per share. The ex-dividend date was Friday, December 8th. This represents a $0.72 annualized dividend and a dividend yield of 1.25%. CBS’s dividend payout ratio is currently 20.93%.

Several research firms have recently issued reports on CBS. Stephens began coverage on CBS in a report on Thursday, December 14th. They issued an “overweight” rating and a $70.00 target price for the company. Piper Jaffray Companies set a $70.00 target price on CBS and gave the company a “buy” rating in a report on Wednesday, January 3rd. Zacks Investment Research raised CBS from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. ValuEngine lowered CBS from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Credit Suisse Group reduced their price objective on CBS from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. Seven analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $71.96.

Large investors have recently bought and sold shares of the business. FNY Managed Accounts LLC purchased a new stake in shares of CBS during the third quarter worth $2,031,000. Engine Capital Management LLC purchased a new stake in shares of CBS during the third quarter worth $2,610,000. Community Trust & Investment Co. lifted its position in shares of CBS by 1.6% during the third quarter. Community Trust & Investment Co. now owns 128,239 shares of the media conglomerate’s stock worth $7,438,000 after acquiring an additional 2,073 shares in the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of CBS during the third quarter worth $1,740,000. Finally, Colony Group LLC lifted its position in shares of CBS by 8.5% during the second quarter. Colony Group LLC now owns 132,430 shares of the media conglomerate’s stock worth $8,446,000 after acquiring an additional 10,394 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

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About CBS

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 (NYSE:CBS)

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