CBS Corp (NYSE:CBS): Positive Stock Sentiment at 0.68

June 27, 2018 - By Heather Owens

CBS Corporation (NYSE:CBS) Corporate Logo

Positions for CBS Corp (NYSE:CBS)

“Big money sentiment for CBS Corp (NYSE:CBS) in Q1 2018 increased to 0.68, SEC.gov filings reveal. That’s up 0.09, from 2017Q4’s 0.59. 213 hedge funds opened new or increased positions, while 311 reduced and sold stakes in CBS Corp so the sentiment has improved. Funds own 218.74 million shares, down from 226.28 million shares in 2017Q4. Funds holding CBS Corp in top 10 decreased from 14 to 7 for a decrease of 7. In total 79 funds closed positions, 232 reduced and 151 increased. Also 62 funds bought new CBS Corp stakes.

Significant CBS Corp Shareholders

As of Q1 2018 Gruss Capital Management Lp has 12.72% invested in CBS Corp. As of Q1 2018, 2.96 million shares of CBS Corp are owned by Chieftain Capital Management Inc.. Moreover, Tremblant Capital Group reported 2.24 million shares in CBS Corp equivalent to 7.31% of its portfolio. Zuckerman Investment Group Llc revealed 460,643 shares position in CBS Corp. The California-based fund Focused Investors Llc looks positive on CBS Corp, having 2.49 million shares.

CBS Corporation operates as a mass media firm worldwide.The firm is worth $21.35 billion. The firm operates through four divisions: Entertainment, Cable Networks, Publishing, and Local Media.20.07 is the P/E ratio. 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.

CBS hit $56.29 during the last trading session after $0.43 change.Currently CBS Corporation is downtrending after 17.26% change in last June 27, 2017. CBS has 880,634 shares volume. The stock underperformed the S&P 500 by 29.83%.

CBS Corporation (NYSE:CBS)’s quarterly earnings will be reported on August, 6., according to RTT. Analysts predict 7.69 % diference or $1.12 from the $1.04 EPS from 2017. If CBS’s EPS is $1.12 the profit will hit $424.84 million for 12.56 P/E. Wall Street now sees -16.42 % negative EPS growth despite CBS Corporation previous quarter’s EPS of $1.34.

Whittier Tru Of Nevada has 1,072 shs for 0% of their capital. Matrix Asset Advsrs New York holds 0.96% in CBS Corporation (NYSE:CBS) or 113,121 shs. Keybank National Association Oh stated it has 4,223 shs or 0% of all its holdings. Verition Fund Ltd Llc reported 16,303 shs or 0.06% of all its holdings. Moneta Grp Inv Advisors Ltd Company reported 200 shs stake. Hightower Advsrs Ltd accumulated 34,057 shs or 0.01% of the stock. 9,400 are held by Dynamic Cap Mgmt Limited. Retirement Of Alabama accumulated 0.07% or 267,884 shs. Natixis holds 0.05% or 165,543 shs in its capital. 113,415 were accumulated by Investec Asset Mngmt North America. Guggenheim Lc has invested 0.09% of its capital in CBS Corporation (NYSE:CBS). Wealthtrust reported 284 shs. Norinchukin Retail Bank The reported 31,625 shs or 0.03% of all its holdings. Regentatlantic Capital Lc owns 0.2% invested in CBS Corporation (NYSE:CBS) for 47,134 shs. Advisor Prtn Ltd Liability holds 0.05% of its capital in CBS Corporation (NYSE:CBS) for 5,689 shs.

CBS Corporation registered $74.84 million net activity with 0 insider purchases and 17 sales since January 16, 2018. 75,000 CBS Corporation (NYSE:CBS) shs with value of $3.86 million were sold by MOONVES LESLIE. $510,545 worth of CBS Corporation (NYSE:CBS) shs were sold by Anschell Jonathan. On Friday, June 15 Shares for $1.10M were sold by Tu Lawrence. On Thursday, June 14 160,709 shs were sold by Schwartz Gil D, worth $8.85M.

CBS Corporation (NYSE:CBS) Ratings Coverage

A total of 16 analysts rate CBS Corp (NYSE:CBS) as follows: 11 “Buy”, 5 “Hold” and 0 “Sell”. Тherefore 69% are bullish. The firm has $80.0 highest and $61 lowest target. The avg target $69.31 is 23.13% above the last ($56.29) price. (NYSE:CBS) has 22 ratings reports on 27 Jun 2018 according to StockzIntelligence. On Wednesday, March 28 the stock has “Buy” rating by Citigroup. In Thursday, January 4 report Wells Fargo maintained it with “Buy” rating and $70.0 target. The stock rating was upgraded by Bernstein to “Outperform” on Tuesday, May 15. In Thursday, May 17 report Bank of America downgraded the stock to “Neutral” rating. The company rating was maintained by BMO Capital Markets on Wednesday, February 21. In Monday, January 29 report Wells Fargo downgraded the stock to “Hold” rating. On Monday, May 21 the stock of CBS Corporation (NYSE:CBS) has “Buy” rating given by Bernstein. In Thursday, January 4 report Jefferies maintained the stock with “Buy” rating. On Tuesday, April 3 KeyBanc Capital Markets maintained the shares of CBS in report with “Hold” rating. On Friday, February 16 the stock of CBS Corporation (NYSE:CBS) has “Buy” rating given by RBC Capital Markets.

There’s a significant CBS Corporation (NYSE:CBS) news posted by Bizjournals.com. It’s an article titled: “CBS extends NFL streaming rights, adds mobile” on June 26, 2018.

CBS Corporation (NYSE:CBS) Institutional Investors Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.