CBS Co. Common Stock (NYSE:CBS) Shares Sold by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. lessened its stake in CBS Co. Common Stock (NYSE:CBS) by 53.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,234 shares of the media conglomerate’s stock after selling 31,471 shares during the period. Candriam Luxembourg S.C.A.’s holdings in CBS Co. Common Stock were worth $1,399,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in CBS. Xact Kapitalforvaltning AB lifted its position in shares of CBS Co. Common Stock by 3.2% during the 4th quarter. Xact Kapitalforvaltning AB now owns 65,958 shares of the media conglomerate’s stock valued at $3,892,000 after buying an additional 2,041 shares in the last quarter. Toronto Dominion Bank lifted its holdings in CBS Co. Common Stock by 12.5% in the 4th quarter. Toronto Dominion Bank now owns 155,517 shares of the media conglomerate’s stock valued at $9,176,000 after purchasing an additional 17,240 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in CBS Co. Common Stock by 53.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 21,419 shares of the media conglomerate’s stock valued at $1,264,000 after purchasing an additional 7,436 shares in the last quarter. Financial Counselors Inc. lifted its holdings in CBS Co. Common Stock by 51.9% in the 4th quarter. Financial Counselors Inc. now owns 139,468 shares of the media conglomerate’s stock valued at $8,229,000 after purchasing an additional 47,637 shares in the last quarter. Finally, AMP Capital Investors Ltd lifted its holdings in CBS Co. Common Stock by 25.6% in the 4th quarter. AMP Capital Investors Ltd now owns 249,886 shares of the media conglomerate’s stock valued at $14,743,000 after purchasing an additional 50,913 shares in the last quarter. Institutional investors and hedge funds own 75.20% of the company’s stock.

A number of research analysts have weighed in on the company. B. Riley decreased their price objective on CBS Co. Common Stock from $84.00 to $73.00 and set a “buy” rating on the stock in a report on Friday, February 16th. Royal Bank of Canada set a $71.00 target price on CBS Co. Common Stock and gave the stock a “buy” rating in a research note on Saturday, February 17th. Pivotal Research reissued a “hold” rating and set a $64.00 price objective on shares of CBS Co. Common Stock in a research report on Friday, February 16th. Citigroup cut their price objective on CBS Co. Common Stock from $75.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, February 22nd. Finally, Stephens set a $58.00 target price on CBS Co. Common Stock and gave the company a “hold” rating in a research report on Monday, May 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $68.47.



Shares of CBS Co. Common Stock opened at $55.12 on Friday, Marketbeat.com reports. CBS Co. Common Stock has a 1-year low of $47.54 and a 1-year high of $68.75. The firm has a market cap of $19.70 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 0.68 and a beta of 1.47. The company has a current ratio of 1.52, a quick ratio of 1.13 and a debt-to-equity ratio of 4.78.

CBS Co. Common Stock (NYSE:CBS) last posted its earnings results on Thursday, May 3rd. The media conglomerate reported $1.34 EPS for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.15. CBS Co. Common Stock had a return on equity of 77.15% and a net margin of 7.94%. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the business earned $1.04 earnings per share. CBS Co. Common Stock’s quarterly revenue was up 12.5% compared to the same quarter last year. equities analysts predict that CBS Co. Common Stock will post 5.26 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, July 1st. Stockholders of record on Friday, June 8th will be given a $0.18 dividend. The ex-dividend date is Thursday, June 7th. This represents a $0.72 annualized dividend and a dividend yield of 1.31%. CBS Co. Common Stock’s dividend payout ratio is currently 17.18%.

In related news, CEO Leslie Moonves sold 85,000 shares of the stock in a transaction dated 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 in the company, valued at $45,221,672.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan Anschell sold 10,000 shares of the company’s stock in a transaction dated Friday, May 25th. The stock was sold at an average price of $51.05, for a total value of $510,500.00. The disclosure for this sale can be found here. Insiders sold 255,000 shares of company stock worth $13,003,600 over the last 90 days. Company insiders own 1.80% of the company’s stock.

CBS Co. Common Stock 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.

Institutional Ownership by Quarter for CBS Co. Common Stock (NYSE:CBS)

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