CBS Co. (CBS) EVP Anthony G. Ambrosio Sells 2,234 Shares

CBS Co. (NYSE:CBS) EVP Anthony G. Ambrosio sold 2,234 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $58.16, for a total value of $129,929.44. Following the completion of the transaction, the executive vice president now owns 74,703 shares in the company, valued at approximately $4,344,726.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Anthony G. Ambrosio also recently made the following trade(s):

  • On Thursday, September 6th, Anthony G. Ambrosio sold 2,100 shares of CBS stock. The shares were sold at an average price of $55.16, for a total value of $115,836.00.

Shares of CBS stock opened at $56.17 on Friday. CBS Co. has a one year low of $47.54 and a one year high of $61.59. The company has a market cap of $21.12 billion, a P/E ratio of 11.58, a P/E/G ratio of 0.71 and a beta of 1.19. The company has a current ratio of 1.60, a quick ratio of 1.10 and a debt-to-equity ratio of 4.37.

CBS (NYSE:CBS) last announced its quarterly earnings data on Thursday, November 1st. The media conglomerate reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.02. CBS had a return on equity of 91.50% and a net margin of 9.42%. The firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter last year, the business posted $1.11 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. On average, research analysts predict that CBS Co. will post 5.25 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in CBS. Thompson Investment Management Inc. lifted its position in CBS by 3.5% during the second quarter. Thompson Investment Management Inc. now owns 143,288 shares of the media conglomerate’s stock worth $8,056,000 after buying an additional 4,825 shares in the last quarter. Dalton Greiner Hartman Maher & Co. lifted its position in CBS by 77.1% during the second quarter. Dalton Greiner Hartman Maher & Co. now owns 351,602 shares of the media conglomerate’s stock worth $19,767,000 after buying an additional 153,044 shares in the last quarter. Benson Investment Management Company Inc. purchased a new position in CBS during the second quarter worth approximately $3,234,000. Oakbrook Investments LLC lifted its position in CBS by 6.7% during the second quarter. Oakbrook Investments LLC now owns 30,060 shares of the media conglomerate’s stock worth $1,690,000 after buying an additional 1,890 shares in the last quarter. Finally, World Asset Management Inc lifted its position in CBS by 3.5% during the second quarter. World Asset Management Inc now owns 26,640 shares of the media conglomerate’s stock worth $1,498,000 after buying an additional 908 shares in the last quarter. Hedge funds and other institutional investors own 74.84% of the company’s stock.

Several equities analysts have recently weighed in on the company. Imperial Capital raised their target price on CBS to $76.00 and gave the company an “outperform” rating in a research report on Friday. Royal Bank of Canada raised their target price on CBS to $70.00 and gave the company a “positive” rating in a research report on Friday. They noted that the move was a valuation call. Benchmark restated a “buy” rating and issued a $90.00 target price on shares of CBS in a research report on Friday. Zacks Investment Research upgraded CBS from a “sell” rating to a “hold” rating in a research report on Friday, October 26th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $65.00 target price on shares of CBS in a research report on Monday, October 15th. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $66.51.

CBS Company Profile

CBS Corporation operates as a mass media company worldwide. The company operates through four segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; produces, acquires, and/or distributes programming, including series, specials, news, and public affairs; operates online content networks for information and entertainment; produces, acquires, and distributes theatrical motion pictures; and digital streaming services.

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Insider Buying and Selling by Quarter for CBS (NYSE:CBS)

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