Savant Capital LLC raised its stake in CBS Corp. (NYSE:CBS) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,637 shares of the media conglomerate’s stock after buying an additional 90 shares during the period. Savant Capital LLC’s holdings in CBS Corp. were worth $307,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. NN Investment Partners Holdings N.V. acquired a new position in CBS Corp. during the first quarter valued at $141,000. Trust Department MB Financial Bank N A increased its position in CBS Corp. by 457.3% in the second quarter. Trust Department MB Financial Bank N A now owns 2,809 shares of the media conglomerate’s stock valued at $156,000 after buying an additional 2,305 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd acquired a new position in CBS Corp. during the second quarter valued at $267,000. Advisor Partners LLC increased its position in CBS Corp. by 0.7% in the first quarter. Advisor Partners LLC now owns 5,218 shares of the media conglomerate’s stock valued at $287,000 after buying an additional 34 shares during the last quarter. Finally, Lebenthal Asset Management LLC acquired a new position in CBS Corp. during the first quarter valued at $293,000. Hedge funds and other institutional investors own 76.78% of the company’s stock.
Shares of CBS Corp. (NYSE:CBS) traded down 1.76% during trading on Friday, reaching $55.22. 4,099,205 shares of the company were exchanged. CBS Corp. has a 1-year low of $41.36 and a 1-year high of $58.22. The firm’s 50 day moving average is $52.42 and its 200 day moving average is $53.79. The firm has a market capitalization of $24.55 billion, a P/E ratio of 16.34 and a beta of 1.81.
CBS Corp. (NYSE:CBS) last issued its quarterly earnings results on Thursday, July 28th. The media conglomerate reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. The company earned $3.29 billion during the quarter, compared to the consensus estimate of $3.21 billion. CBS Corp. had a return on equity of 31.53% and a net margin of 11.07%. CBS Corp.’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the company earned $0.74 earnings per share. On average, equities analysts anticipate that CBS Corp. will post $3.09 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Saturday, October 1st. Investors of record on Friday, September 9th were given a $0.18 dividend. The ex-dividend date was Wednesday, September 7th. This is an increase from CBS Corp.’s previous quarterly dividend of $0.15. This represents a $0.72 dividend on an annualized basis and a yield of 1.30%. CBS Corp.’s dividend payout ratio (DPR) is currently 21.30%.
A number of equities analysts have recently commented on CBS shares. Zacks Investment Research lowered shares of CBS Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Morgan Stanley restated an “overweight” rating on shares of CBS Corp. in a research report on Wednesday, June 29th. Wells Fargo & Co. lowered shares of CBS Corp. to a “buy” rating in a research report on Monday, July 11th. Jefferies Group restated a “buy” rating on shares of CBS Corp. in a research report on Monday, August 1st. Finally, Brean Capital restated a “buy” rating and issued a $65.00 price objective on shares of CBS Corp. in a research report on Sunday, July 17th. Five research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. CBS Corp. currently has an average rating of “Buy” and a consensus price target of $62.64.
CBS Corp. Company Profile
CBS Corporation is a mass media company. The Company’s segments include Entertainment, Cable Networks, Publishing and Local Broadcasting. Its Entertainment segment is composed of the CBS Television Network; CBS Television Studios; CBS Global Distribution Group (composed of CBS Studios International and CBS Television Distribution); CBS Interactive, and CBS Films.
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