CBS Corporation (CBS) Shares Bought by Thompson Investment Management Inc.

Thompson Investment Management Inc. increased its position in CBS Corporation (NYSE:CBS) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,248 shares of the media conglomerate’s stock after purchasing an additional 1,974 shares during the quarter. Thompson Investment Management Inc.’s holdings in CBS Corporation were worth $5,292,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Bank of Hawaii grew its stake in CBS Corporation by 0.3% in the second quarter. Bank of Hawaii now owns 18,458 shares of the media conglomerate’s stock worth $1,177,000 after purchasing an additional 50 shares in the last quarter. Osborn Williams & Donohoe LLC grew its stake in CBS Corporation by 1.0% in the second quarter. Osborn Williams & Donohoe LLC now owns 10,312 shares of the media conglomerate’s stock worth $658,000 after purchasing an additional 100 shares in the last quarter. Stanley Laman Group Ltd. grew its stake in CBS Corporation by 1.4% in the second quarter. Stanley Laman Group Ltd. now owns 9,201 shares of the media conglomerate’s stock worth $587,000 after purchasing an additional 127 shares in the last quarter. Geneva Advisors LLC grew its stake in CBS Corporation by 3.0% in the second quarter. Geneva Advisors LLC now owns 7,818 shares of the media conglomerate’s stock worth $499,000 after purchasing an additional 227 shares in the last quarter. Finally, Palladium Partners LLC grew its stake in CBS Corporation by 6.8% in the second quarter. Palladium Partners LLC now owns 3,757 shares of the media conglomerate’s stock worth $240,000 after purchasing an additional 240 shares in the last quarter. 74.57% of the stock is currently owned by institutional investors.

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In other news, EVP Gil D. Schwartz sold 54,131 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $58.40, for a total transaction of $3,161,250.40. Following the transaction, the executive vice president now directly owns 102,483 shares in the company, valued at approximately $5,985,007.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Leslie Moonves sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $64.68, for a total value of $9,702,000.00. Following the transaction, the chief executive officer now owns 1,182,652 shares in the company, valued at $76,493,931.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 514,317 shares of company stock worth $30,936,894. 1.67% of the stock is currently owned by insiders.

CBS Corporation (CBS) traded down $0.37 during mid-day trading on Thursday, reaching $56.04. The company had a trading volume of 29,475,600 shares, compared to its average volume of 3,799,597. The company has a current ratio of 1.55, a quick ratio of 1.10 and a debt-to-equity ratio of 3.03. CBS Corporation has a 12 month low of $52.75 and a 12 month high of $70.10. The firm has a market cap of $22,900.00, a PE ratio of 13.12, a price-to-earnings-growth ratio of 1.02 and a beta of 1.62.

CBS Corporation (NYSE:CBS) last posted its quarterly earnings data on Thursday, November 2nd. The media conglomerate reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.04. CBS Corporation had a return on equity of 58.49% and a net margin of 2.14%. The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the previous year, the firm posted $1.05 EPS. CBS Corporation’s revenue was up 2.8% compared to the same quarter last year. equities research analysts anticipate that CBS Corporation will post 4.39 earnings per share for the current fiscal year.

Several analysts have issued reports on the company. BidaskClub raised CBS Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Benchmark Co. increased their target price on CBS Corporation from $76.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $80.00 target price on shares of CBS Corporation in a research report on Tuesday, August 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $77.00 target price (up previously from $75.00) on shares of CBS Corporation in a research report on Tuesday, August 8th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $80.00 target price on shares of CBS Corporation in a research report on Tuesday, August 8th. Six research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $73.33.

CBS Corporation 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.

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Institutional Ownership by Quarter for CBS Corporation (NYSE:CBS)

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