CBS Co. (NYSE:CBS) Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its position in shares of CBS Co. (NYSE:CBS) by 71.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,062 shares of the media conglomerate’s stock after acquiring an additional 15,913 shares during the quarter. IFM Investors Pty Ltd’s holdings in CBS were worth $1,537,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Whitener Capital Management Inc. lifted its position in CBS by 57.1% in the second quarter. Whitener Capital Management Inc. now owns 550 shares of the media conglomerate’s stock valued at $27,000 after buying an additional 200 shares during the last quarter. NEXT Financial Group Inc lifted its position in CBS by 70.2% in the second quarter. NEXT Financial Group Inc now owns 594 shares of the media conglomerate’s stock valued at $30,000 after buying an additional 245 shares during the last quarter. Shamrock Asset Management LLC lifted its position in CBS by 4.4% in the second quarter. Shamrock Asset Management LLC now owns 6,129 shares of the media conglomerate’s stock valued at $306,000 after buying an additional 258 shares during the last quarter. Carroll Financial Associates Inc. lifted its position in CBS by 96.5% in the second quarter. Carroll Financial Associates Inc. now owns 560 shares of the media conglomerate’s stock valued at $27,000 after buying an additional 275 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in CBS by 1.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 19,438 shares of the media conglomerate’s stock valued at $970,000 after buying an additional 293 shares during the last quarter. 73.95% of the stock is currently owned by hedge funds and other institutional investors.

CBS stock opened at $38.11 on Friday. The company’s 50 day moving average price is $38.20 and its 200 day moving average price is $45.76. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.14 and a current ratio of 1.65. CBS Co. has a fifty-two week low of $35.02 and a fifty-two week high of $58.38. The firm has a market capitalization of $14.05 billion, a price-to-earnings ratio of 7.34, a PEG ratio of 0.63 and a beta of 1.17.

CBS (NYSE:CBS) last released its earnings results on Thursday, August 8th. The media conglomerate reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.03. CBS had a net margin of 20.13% and a return on equity of 55.03%. The firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same period in the prior year, the firm earned $1.12 earnings per share. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. Equities analysts forecast that CBS Co. will post 5.11 EPS for the current fiscal year.

A number of analysts have issued reports on CBS shares. Loop Capital cut their price target on shares of CBS to $50.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. ValuEngine upgraded shares of CBS from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. TheStreet lowered shares of CBS from a “b-” rating to a “c+” rating in a research note on Friday, August 23rd. Citigroup cut their price target on shares of CBS from $57.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, Imperial Capital cut their price target on shares of CBS from $62.00 to $59.00 and set an “outperform” rating on the stock in a research note on Friday, October 18th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $51.50.

CBS Profile

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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