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

June 27, 2018 - By Damon Whitfield

CBS Corporation (NYSE:CBS) Corporate Logo

“Big money” Positions

In Q1 2018 CBS Corp (NYSE:CBS) big money sentiment increased to 0.68, SEC filings reveal. That’s up 0.09, from 2017Q4’s 0.59. 213 funds increased or opened new stock positions, while 311 trimmed and sold stock positions in CBS Corp so the sentiment is more positive. These funds own 218.74 million shares, that’s 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. 79 Investors Sold All; 232 Reduced Holdings; 151 increased stakes while 62 funds bought stakes.

Biggest CBS Corp Shareholders

Gruss Capital Management Lp owns 2.48 million shares in CBS Corp as of Q1 2018. CBS Corp’s shareholder Chieftain Capital Management Inc. owns 2.96 million shares as of Q1 2018. In addition, Tremblant Capital Group reported 2.24 million shares in CBS Corp equivalent to 7.31% of its fund portfolio. Zuckerman Investment Group Llc revealed 460,643 shares position in CBS Corp. The California-based fund Focused Investors Llc holds 2.49 million shares or 5.6% of their fund portfolio.

CBS Corporation operates as a mass media firm worldwide.The company has $21.35 billion market cap. 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.

Ticker’s shares touched $56.29 during the last trading session after 0.77% change.Currently CBS Corporation is downtrending after 17.26% change in last June 27, 2017. CBS has 880,634 shares volume. CBS underperformed by 29.83% the S&P 500.

CBS Corporation (NYSE:CBS)’s earnings report is expected on August, 6., according to RTT. earnings per share of $1.12 is 7.69 % up from 2017’s $1.04 EPS. If reported the P/E will be 12.56 with $424.84M profit. -16.42 % negative EPS growth is what analysts predict. $1.34 earnings per share was reported for previous quarter.

Pinnacle Assoc Ltd reported 329,642 shs. Barclays Public Limited Company holds 0% in CBS Corporation (NYSE:CBS) or 8 shs. American Inv Advsrs Ltd Liability Corporation holds 27,465 shs. The New York-based M&R has invested 0.04% in CBS Corporation (NYSE:CBS). Alliancebernstein Limited Partnership reported 0.1% of its capital in CBS Corporation (NYSE:CBS). Sterling Management Limited Liability Co reported 1.23% in CBS Corporation (NYSE:CBS). Stratos Wealth Prtnrs Limited reported 0% of its capital in CBS Corporation (NYSE:CBS). Wetherby Asset Management reported 13,427 shs. Moreover, Legg Mason Asset Management (Japan) Co Limited has 0.54% invested in CBS Corporation (NYSE:CBS) for 14,900 shs. Everence Mgmt invested in 4,421 shs. Holt Advsr Ltd Llc Dba Holt Ltd Partnership has 0.11% invested in CBS Corporation (NYSE:CBS). Quantbot Tech Ltd Partnership holds 2,300 shs. Mitsubishi Ufj Tru Banking holds 713,432 shs. Blackrock stated it has 0% of its capital in CBS Corporation (NYSE:CBS). Dimensional Fund Advsr Limited Partnership, a Texas-based fund reported 63,930 shs.

CBS Corporation had 17 selling transactions and 0 insider buys since January 16, 2018. This’s net activity of $74.84 million. On Wednesday, January 17 $5.02M worth of CBS Corporation (NYSE:CBS) was sold by MOONVES LESLIE. On Friday, May 25 Anschell Jonathan sold $510,545 worth of CBS Corporation (NYSE:CBS) or 10,000 shs. Tu Lawrence sold $1.10 million worth of stock. 160,709 shs valued at $8.85 million were sold by Schwartz Gil D on Thursday, June 14.

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 Tuesday, January 2 the firm has “Neutral” rating given by Macquarie Research. On Monday, May 21 the stock has “Buy” rating by Bernstein. On Wednesday, April 25 BMO Capital Markets maintained the shares of CBS in report with “Buy” rating. On Tuesday, May 15 Bernstein upgraded the shares of CBS in report to “Outperform” rating. On Friday, May 4 the stock of CBS Corporation (NYSE:CBS) has “Hold” rating given by Wells Fargo. The company rating was maintained by Citigroup on Thursday, February 22. On Wednesday, February 21 BMO Capital Markets maintained CBS Corporation (NYSE:CBS) with “Outperform” rating. On Tuesday, April 3 the firm earned “Hold” rating by KeyBanc Capital Markets. On Tuesday, January 16 Rosenblatt maintained CBS Corporation (NYSE:CBS) rating. Rosenblatt has “Buy” rating and $78.0 target. On Thursday, January 4 Jefferies maintained CBS Corporation (NYSE:CBS) with “Buy” rating.

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

CBS Corporation (NYSE:CBS) Institutional Investors Chart

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