Baker Avenue Asset Management LP lifted its position in CBS Co. (NYSE:CBS) by 51.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,136 shares of the media conglomerate’s stock after buying an additional 3,100 shares during the period. Baker Avenue Asset Management LP’s holdings in CBS were worth $539,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CBS. FDx Advisors Inc. increased its position in shares of CBS by 3.1% in the 3rd quarter. FDx Advisors Inc. now owns 40,738 shares of the media conglomerate’s stock valued at $2,363,000 after buying an additional 1,237 shares in the last quarter. Rhumbline Advisers increased its position in shares of CBS by 0.8% in the 3rd quarter. Rhumbline Advisers now owns 607,968 shares of the media conglomerate’s stock valued at $35,262,000 after buying an additional 4,584 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of CBS by 0.9% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,147,664 shares of the media conglomerate’s stock valued at $66,565,000 after buying an additional 10,212 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of CBS in the 3rd quarter valued at $4,254,000. Finally, Thompson Investment Management Inc. increased its position in shares of CBS by 2.2% in the 3rd quarter. Thompson Investment Management Inc. now owns 91,248 shares of the media conglomerate’s stock valued at $5,292,000 after buying an additional 1,974 shares in the last quarter. Institutional investors and hedge funds own 77.16% of the company’s stock.
In related news, COO Joseph R. Ianniello sold 2,400 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $60.13, for a total value of $144,312.00. Following the completion of the sale, the chief operating officer now directly owns 320,723 shares in the company, valued at approximately $19,285,073.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Leslie Moonves sold 85,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $55.08, for a total transaction of $4,681,800.00. Following the completion of the sale, the chief executive officer now owns 993,159 shares of the company’s stock, valued at $54,703,197.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 306,284 shares of company stock valued at $17,697,818. Company insiders own 1.67% of the company’s stock.
CBS Co. (NYSE CBS) opened at $52.18 on Monday. CBS Co. has a one year low of $50.54 and a one year high of $70.10. The company has a debt-to-equity ratio of 4.78, a quick ratio of 1.12 and a current ratio of 1.58. The company has a market cap of $19,970.00, a PE ratio of 12.28, a PEG ratio of 0.76 and a beta of 1.51.
CBS (NYSE:CBS) last posted its quarterly earnings data on Thursday, February 15th. The media conglomerate reported $1.20 EPS for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.06. CBS had a net margin of 2.61% and a return on equity of 67.23%. The company had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the prior year, the business posted $1.11 EPS. The company’s quarterly revenue was up 11.5% on a year-over-year basis. research analysts anticipate that CBS Co. will post 5.21 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 9th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.38%. CBS’s dividend payout ratio is 16.94%.
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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.
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