Anderson Fisher LLC lifted its stake in shares of CBS Co. (NYSE:CBS) by 107.0% during the first quarter, HoldingsChannel reports. The firm owned 1,747 shares of the media conglomerate’s stock after acquiring an additional 903 shares during the quarter. Anderson Fisher LLC’s holdings in CBS were worth $83,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in CBS. Riverhead Capital Management LLC increased its holdings in shares of CBS by 11.6% during the 1st quarter. Riverhead Capital Management LLC now owns 9,641 shares of the media conglomerate’s stock worth $458,000 after acquiring an additional 1,000 shares during the last quarter. Palouse Capital Management Inc. grew its holdings in CBS by 0.9% in the 1st quarter. Palouse Capital Management Inc. now owns 74,560 shares of the media conglomerate’s stock valued at $3,544,000 after buying an additional 647 shares in the last quarter. Andra AP fonden acquired a new position in CBS in the 1st quarter valued at $7,130,000. Neuburgh Advisers LLC grew its holdings in CBS by 11.4% in the 1st quarter. Neuburgh Advisers LLC now owns 9,088 shares of the media conglomerate’s stock valued at $432,000 after buying an additional 928 shares in the last quarter. Finally, Burney Co. grew its holdings in CBS by 401.6% in the 1st quarter. Burney Co. now owns 36,676 shares of the media conglomerate’s stock valued at $1,743,000 after buying an additional 29,364 shares in the last quarter. Institutional investors own 73.24% of the company’s stock.
CBS has been the topic of a number of research reports. TheStreet raised CBS from a “c+” rating to a “b-” rating in a report on Tuesday, April 30th. Barrington Research reaffirmed a “buy” rating and issued a $72.00 price objective on shares of CBS in a report on Tuesday, February 19th. Benchmark decreased their price objective on CBS from $90.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, February 13th. Loop Capital upped their price objective on CBS to $65.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, Wolfe Research raised CBS from a “peer perform” rating to an “outperform” rating in a report on Thursday, May 30th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. CBS has an average rating of “Buy” and an average price target of $62.93.
CBS opened at $48.33 on Thursday. The firm has a market cap of $18.15 billion, a PE ratio of 9.31, a P/E/G ratio of 0.70 and a beta of 1.22. CBS Co. has a 52-week low of $41.38 and a 52-week high of $59.59. The company has a current ratio of 1.50, a quick ratio of 1.16 and a debt-to-equity ratio of 2.35.
CBS (NYSE:CBS) last released its earnings results on Thursday, May 2nd. The media conglomerate reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.01). The company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.31 billion. CBS had a return on equity of 66.79% and a net margin of 20.32%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the company posted $1.34 earnings per share. Equities analysts forecast that CBS Co. will post 5.62 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 10th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Friday, June 7th. CBS’s dividend payout ratio (DPR) is currently 13.87%.
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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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