Zeke Capital Advisors LLC bought a new position in shares of CBS Co. New York State Teachers Retirement System owned about 0.14% of CBS worth $27,430,000 as of its most recent SEC filing. After $1.34 actual EPS reported by CBS Corporation for the previous quarter, Wall Street now forecasts -13.43 % negative EPS growth. Schwab Charles Investment Management Inc. now owns 1,411,688 shares of the media conglomerate's stock worth $83,290,000 after purchasing an additional 39,897 shares in the last quarter.
Shares of CBS (CBS) were down about 1 percent at $53.90 in midday trading on the New York Stock Exchange. Focused Investors LLC now owns 2,565,400 shares of the media conglomerate's stock valued at $151,359,000 after acquiring an additional 940,500 shares during the period. We Are One Seven LLC bought a new stake in shares of CBS during the 4th quarter worth $137,000. Osborn Williams & Donohoe LLC now owns 10,986 shares of the media conglomerate's stock worth $648,000 after acquiring an additional 1,095 shares during the period. Victory Capital Management Inc. grew its stake in shares of CBS by 26.3% in the fourth quarter. Capital Management Associates NY now owns 16,575 shares of the media conglomerate's stock valued at $852,000 after purchasing an additional 4,303 shares in the last quarter. It fall, as 80 investors sold CBS Corporation shares while 278 reduced holdings. Crossmark Global Holdings Inc. now owns 28,372 shares of the media conglomerate's stock worth $1,674,000 after purchasing an additional 1,437 shares during the period.
CBS intends, at a Thursday special meeting of the committee of independent board members, approve a stock dividend of voting shares that will dilute the Redstone's control to 17 percent.
NAI dismissed CBS' view in the Wednesday brief, saying it was "based on unsourced media reports and conjecture". The company's stock had a trading volume of 201,932 shares, compared to its average volume of 4,098,715. CBS Co. has a 52-week low of $53.97 and a 52-week high of $55.44. The firm has a market capitalization of $20.33 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 0.75 and a beta of 1.49. The company has a debt-to-equity ratio of 4.78, a quick ratio of 1.13 and a current ratio of 1.52.
CBS (NYSE:CBS) last issued its quarterly earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that CBS will report full year earnings of $5.19 per share for the current year, with EPS estimates ranging from $5.00 to $5.28. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. CBS had a return on equity of 67.23% and a net margin of 2.61%.
The news comes after CBS filed a lawsuit earlier this week against NAI, brought on by the company's push to get CBS to remerge with Viacom, roughly 12 years after they split.
CBS has been the topic of a number of recent research reports. Pivotal Research restated a "hold" rating and set a $64.00 price objective on shares of CBS in a report on Friday, February 16th. Finally, ValuEngine lowered CBS from a "buy" rating to a "hold" rating in a research report on Friday, February 2nd. Wells Fargo lowered shares of CBS from an "outperform" rating to a "market perform" rating and set a $63.00 target price on the stock.in a research note on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating on the company. The company now has an average rating of "Buy" and a consensus target price of $69.19. In the past few weeks once-friendly relations between Redstone and CBS chairman-CEO Leslie Moonves have devolved into open warfare in the media and, as of Monday, in court. The stock was sold at an average price of $50.46, for a total value of $4,289,100.00. Following the completion of the transaction, the chief executive officer now owns 915,531 shares in the company, valued at approximately $46,197,694.26. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders have sold 330,000 shares of company stock valued at $17,174,900.