Private Advisor Group LLC Acquires 620 Shares of CBS Co. (CBS)

Private Advisor Group LLC grew its holdings in CBS Co. (NYSE:CBS) by 14.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,784 shares of the media conglomerate’s stock after buying an additional 620 shares during the period. Private Advisor Group LLC’s holdings in CBS were worth $207,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Lindbrook Capital LLC purchased a new position in shares of CBS in the 4th quarter worth $28,000. Trust Co. of Vermont grew its stake in shares of CBS by 64.6% in the 4th quarter. Trust Co. of Vermont now owns 1,098 shares of the media conglomerate’s stock worth $48,000 after buying an additional 431 shares in the last quarter. Exane Asset Management purchased a new position in shares of CBS in the 4th quarter worth $67,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of CBS by 21.3% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,750 shares of the media conglomerate’s stock worth $77,000 after buying an additional 307 shares in the last quarter. Finally, We Are One Seven LLC purchased a new position in shares of CBS in the 4th quarter worth $89,000. 74.58% of the stock is owned by institutional investors and hedge funds.

In related news, Director Gary L. Countryman sold 4,584 shares of CBS stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $51.35, for a total transaction of $235,388.40. Following the completion of the sale, the director now owns 63,454 shares in the company, valued at approximately $3,258,362.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jonathan Anschell sold 20,730 shares of CBS stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $50.11, for a total transaction of $1,038,780.30. Following the sale, the executive vice president now owns 23,358 shares of the company’s stock, valued at approximately $1,170,469.38. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

A number of brokerages have commented on CBS. Goldman Sachs Group began coverage on shares of CBS in a research note on Thursday, November 29th. They issued a “neutral” rating and a $59.00 price objective for the company. Wolfe Research began coverage on shares of CBS in a research note on Friday, December 7th. They issued a “market perform” rating for the company. Imperial Capital reissued an “outperform” rating and issued a $72.00 price objective (down from $75.00) on shares of CBS in a research note on Tuesday, February 19th. Barrington Research reissued a “buy” rating and issued a $72.00 price objective on shares of CBS in a research note on Tuesday, February 19th. Finally, Atlantic Securities cut shares of CBS from an “overweight” rating to a “neutral” rating and set a $56.00 price objective for the company. in a research note on Monday, February 11th. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $64.10.

CBS stock opened at $47.70 on Friday. The stock has a market capitalization of $17.79 billion, a PE ratio of 9.19, a PEG ratio of 0.66 and a beta of 1.26. The company has a debt-to-equity ratio of 3.38, a current ratio of 1.48 and a quick ratio of 1.04. CBS Co. has a 12-month low of $41.38 and a 12-month high of $59.59.

CBS (NYSE:CBS) last released its earnings results on Thursday, February 14th. The media conglomerate reported $1.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.03). The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.13 billion. CBS had a return on equity of 83.61% and a net margin of 13.50%. CBS’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 EPS. Research analysts forecast that CBS Co. will post 5.66 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 11th will be issued a $0.18 dividend. The ex-dividend date is Friday, March 8th. This represents a $0.72 annualized dividend and a dividend yield of 1.51%. CBS’s dividend payout ratio (DPR) is presently 13.87%.

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About CBS

CBS Corporation operates as a mass media company worldwide. The company operates in 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 theatrical films; and digital streaming services.

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Institutional Ownership by Quarter for CBS (NYSE:CBS)

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