Guggenheim maintained CBS Corp (NYSE:CBS) as 'Buy'

CBS Corp

Todd Asset Management LLC now owns 796,447 shares of the media conglomerate's stock worth $43,359,000 after buying an additional 143,608 shares in the last quarter.

Several large investors have recently modified their holdings of the company. Arrowgrass Capital Partners US LP bought a new stake in shares of CBS during the third quarter valued at about $29,834,000. Parkwood LLC acquired a new stake in shares of CBS during the third quarter worth about $275,000. The stock had a trading volume of 2,419,685 shares. Everence Capital Management Inc. raised its position in shares of CBS by 31.8% in the third quarter. Finally, CENTRAL TRUST Co increased its stake in shares of CBS by 203.2% in the third quarter. The Local Media segment comprises CBS TV Stations, it owns 30 broadcast TV stations; and CBS Local Digital Media. Looking at this figure it suggests that the shares of CBS Corporation (CBS) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that CBS Corporation (CBS) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued.

Shares of CBS Corporation (NYSE:CBS) opened at 63.51 on Tuesday. The 52 week high CBS Corp's shares have peaked at is 70.1 whilst the 52 week low for the company's shares is 48.88. CBS Corp has recorded a 50-day average of $67.65 and a two hundred day average of $62.50. The company has a market capitalization of $28.08 billion, a PE ratio of 24.40 and a beta of 1.66.

In the last Quarter, CBS Corporation (CBS) reported its Actual EPS of $1.11/share. The media conglomerate reported $1.11 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.10 by $0.01. CBS had a net margin of 11.32% and a return on equity of 33.06%.

The company's expected revenue in the current quarter to be 3.29 Billion, seeing a projected current quarter growth of -5.9%, and per annum growth estimates over the next 5 year period of around 16.13%.

According to Zacks, analysts expect that CBS will report full year earnings of $4.38 per share for the current fiscal year, with EPS estimates ranging from $4.01 to $4.55. This represents a $0.72 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, March 8th. CBS's dividend payout ratio is presently 20.17%.

Brocade Communications Systems, Inc
The highest price FCAU stock touched in the last 12 month was $1.63 and the lowest price it hit in the same period was $5.45. Penn Capital Management Co Inc holds 0.56% of its portfolio in Celadon Group, Inc. for 1.25 million shares.

TRADEMARK VIOLATION NOTICE: "44,715 Shares in CBS Co. (CBS) Expected to Announce Earnings of $0.95 Per Share" was originally published by Transcript Daily and is owned by of Transcript Daily. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/04/19/44715-shares-in-cbs-co-cbs-acquired-by-usa-financial-portformulas-corp-updated.html.

A number of brokerages have recently commented on CBS. Brean Capital reiterated a "buy" rating and issued a $75.00 price objective on shares of CBS Corporation in a research report on Friday, January 6th.

The analyst stated that the investment firm has set a price target of 40 on shares of NYSE:CBS. Finally, Jefferies Group LLC reiterated a "buy" rating and set a $71.00 price objective (up previously from $65.00) on shares of CBS in a research note on Friday, February 3rd. Benchmark Co. restated a buy rating and issued a $74.00 price target (up previously from $67.00) on shares of CBS in a research report on Friday, January 13th. Six equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company's stock.

Market Capitalization can be thought of as the overall price to buy the company. The shares were sold at an average price of $67.68, for a total transaction of $1,938,422.88. The stock recently closed its previous session at $68.39 by showing a percentage change of 1.8% from its previous day closing price of $67.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Gil D. Schwartz sold 33,131 shares of the stock in a transaction on Friday, February 17th. Following the sale, the executive vice president now owns 82,718 shares in the company, valued at approximately $5,395,695.14. The disclosure for this sale can be found here.

Market capitalization is the total market value of all of a company's outstanding shares. Insiders own 1.67% of the company's stock. Barclays PLC set a $56.00 price target on CBS and gave the company a "hold" rating in a report on Saturday, February 18th. The Company's segments include Entertainment, Cable Networks, Publishing and Local Broadcasting. Its Entertainment segment is composed of the CBS Television Network; CBS Television Studios; CBS Global Distribution Group (composed of CBS Studios International and CBS Television Distribution); CBS Interactive, and CBS Films.

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