Leslie Moonves Sells 150,000 Shares of CBS Corporation (CBS) Stock

CBS Corporation (NYSE:CBS) CEO Leslie Moonves sold 150,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $57.62, for a total value of $8,643,000.00. Following the transaction, the chief executive officer now directly owns 1,182,652 shares of the company’s stock, valued at approximately $68,144,408.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Wednesday, September 20th, Leslie Moonves sold 150,000 shares of CBS Corporation stock. The stock was sold at an average price of $59.04, for a total value of $8,856,000.00.
  • On Wednesday, August 23rd, Leslie Moonves sold 150,000 shares of CBS Corporation stock. The stock was sold at an average price of $64.68, for a total value of $9,702,000.00.

Shares of CBS Corporation (CBS) opened at 56.51 on Friday. The firm has a market capitalization of $22.70 billion, a price-to-earnings ratio of 143.79 and a beta of 1.68. The stock’s 50 day moving average price is $59.87 and its 200 day moving average price is $63.41. CBS Corporation has a 12-month low of $54.93 and a 12-month high of $70.10.

CBS Corporation (NYSE:CBS) last issued its earnings results on Monday, August 7th. The media conglomerate reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.07. The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.09 billion. CBS Corporation had a return on equity of 49.51% and a net margin of 1.27%. The business’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 earnings per share. Equities research analysts expect that CBS Corporation will post $4.46 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Sunday, October 1st. Shareholders of record on Friday, September 8th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $0.72 annualized dividend and a dividend yield of 1.27%. CBS Corporation’s payout ratio is presently 211.76%.

ILLEGAL ACTIVITY WARNING: “Leslie Moonves Sells 150,000 Shares of CBS Corporation (CBS) Stock” was first published by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://www.tickerreport.com/banking-finance/2956471/leslie-moonves-sells-150000-shares-of-cbs-corporation-cbs-stock.html.

Several large investors have recently added to or reduced their stakes in the stock. Glenview Capital Management LLC raised its stake in shares of CBS Corporation by 6.7% during the 1st quarter. Glenview Capital Management LLC now owns 5,471,963 shares of the media conglomerate’s stock valued at $379,535,000 after purchasing an additional 343,424 shares during the period. Fred Alger Management Inc. raised its stake in shares of CBS Corporation by 0.6% during the 2nd quarter. Fred Alger Management Inc. now owns 4,880,086 shares of the media conglomerate’s stock valued at $311,252,000 after purchasing an additional 29,986 shares during the period. Geode Capital Management LLC raised its stake in shares of CBS Corporation by 3.1% during the 1st quarter. Geode Capital Management LLC now owns 3,680,166 shares of the media conglomerate’s stock valued at $254,889,000 after purchasing an additional 109,782 shares during the period. FMR LLC raised its stake in shares of CBS Corporation by 21.2% during the 1st quarter. FMR LLC now owns 3,530,274 shares of the media conglomerate’s stock valued at $244,860,000 after purchasing an additional 618,593 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of CBS Corporation by 3.9% during the 1st quarter. Legal & General Group Plc now owns 1,946,884 shares of the media conglomerate’s stock valued at $135,036,000 after purchasing an additional 72,701 shares during the period. Institutional investors own 75.05% of the company’s stock.

A number of equities research analysts have recently issued reports on CBS shares. Benchmark Co. reiterated a “buy” rating and set a $76.00 price objective on shares of CBS Corporation in a research note on Friday, June 16th. BidaskClub upgraded CBS Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 24th. Piper Jaffray Companies set a $75.00 price objective on CBS Corporation and gave the stock a “buy” rating in a research note on Tuesday, June 27th. Needham & Company LLC reiterated a “buy” rating and set a $80.00 price objective on shares of CBS Corporation in a research note on Wednesday, June 28th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $71.00 price objective on shares of CBS Corporation in a research note on Monday, July 10th. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. CBS Corporation presently has an average rating of “Buy” and a consensus price target of $74.94.

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.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.