CBS Corporation (CBS) Director Charles K. Gifford Sells 5,093 Shares

CBS Corporation (NYSE:CBS) Director Charles K. Gifford sold 5,093 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $57.33, for a total transaction of $291,981.69. Following the completion of the transaction, the director now owns 70,273 shares of the company’s stock, valued at $4,028,751.09. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of CBS Corporation (NYSE CBS) opened at $55.92 on Tuesday. CBS Corporation has a 1-year low of $52.75 and a 1-year 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. The stock has a market cap of $22,706.10, a PE ratio of 13.19, a P/E/G ratio of 1.02 and a beta of 1.62.

CBS Corporation (NYSE:CBS) last posted its quarterly earnings data on Thursday, November 2nd. The media conglomerate reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.04. CBS Corporation had a net margin of 2.14% and a return on equity of 58.49%. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter last year, the company posted $1.05 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. analysts forecast that CBS Corporation will post 4.39 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “CBS Corporation (CBS) Director Charles K. Gifford Sells 5,093 Shares” was originally reported by Transcript Daily and is the property of of Transcript Daily. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://transcriptdaily.com/2017/11/14/cbs-corporation-cbs-director-charles-k-gifford-sells-5093-shares.html.

Several brokerages have issued reports on CBS. BidaskClub upgraded shares of CBS Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Barclays PLC set a $57.00 price objective on shares of CBS Corporation and gave the stock a “hold” rating in a research report on Friday, August 11th. Argus reiterated a “buy” rating and set a $79.00 price objective (up from $71.00) on shares of CBS Corporation in a research report on Thursday, August 10th. BMO Capital Markets reiterated a “buy” rating and set a $80.00 price objective on shares of CBS Corporation in a research report on Tuesday, August 8th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $77.00 price objective (up from $75.00) on shares of CBS Corporation in a research report on Tuesday, August 8th. Six 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’s stock. The stock currently has an average rating of “Buy” and an average price target of $73.33.

A number of hedge funds and other institutional investors have recently bought and sold shares of CBS. Fred Alger Management Inc. increased its stake in shares of CBS Corporation by 0.6% in the second quarter. Fred Alger Management Inc. now owns 4,880,086 shares of the media conglomerate’s stock worth $311,252,000 after purchasing an additional 29,986 shares in the last quarter. Sound Shore Management Inc. CT increased its stake in shares of CBS Corporation by 32.8% in the third quarter. Sound Shore Management Inc. CT now owns 2,440,353 shares of the media conglomerate’s stock worth $141,540,000 after purchasing an additional 603,157 shares in the last quarter. Focused Investors LLC increased its stake in shares of CBS Corporation by 43.0% in the third quarter. Focused Investors LLC now owns 1,624,900 shares of the media conglomerate’s stock worth $94,244,000 after purchasing an additional 488,700 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of CBS Corporation by 0.9% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,147,664 shares of the media conglomerate’s stock worth $66,565,000 after purchasing an additional 10,212 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of CBS Corporation by 0.4% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 751,312 shares of the media conglomerate’s stock worth $43,576,000 after purchasing an additional 2,978 shares in the last quarter. Institutional investors and hedge funds own 74.57% of the company’s stock.

CBS Corporation 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.

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

Receive News & Ratings for CBS Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBS Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply