Worth Watching: CBS Corporation Has Another Very Strong Trading Session

Worth Watching: CBS Corporation Has Another Very Strong Trading Session

The stock of CBS Corporation (NYSE:CBS) is a huge mover today! About 2.25M shares traded hands. CBS Corporation (NYSE:CBS) has risen 9.31% since March 1, 2016 and is uptrending. It has outperformed by 0.07% the S&P500.
The move comes after 6 months positive chart setup for the $24.87B company. It was reported on Oct, 4 by Barchart.com. We have $90.22 PT which if reached, will make NYSE:CBS worth $15.42 billion more.

Analysts await CBS Corporation (NYSE:CBS) to report earnings on November, 1. They expect $0.99 earnings per share, up 12.50% or $0.11 from last year’s $0.88 per share. CBS’s profit will be $442.11 million for 14.06 P/E if the $0.99 EPS becomes a reality. After $0.93 actual earnings per share reported by CBS Corporation for the previous quarter, Wall Street now forecasts 6.45% EPS growth.

CBS Corporation (NYSE:CBS) Ratings Coverage

Out of 19 analysts covering CBS Corp (NYSE:CBS), 14 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 74% are positive. CBS Corp has been the topic of 42 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Cowen & Co maintained the shares of CBS in a report on Thursday, August 6 with “Buy” rating. Deutsche Bank maintained the stock with “Buy” rating in Friday, July 29 report. UBS maintained CBS Corporation (NYSE:CBS) on Wednesday, March 16 with “Neutral” rating. Topeka Capital Markets maintained the shares of CBS in a report on Wednesday, November 4 with “Buy” rating. The stock of CBS Corporation (NYSE:CBS) has “Buy” rating given on Wednesday, March 16 by Stifel Nicolaus. Credit Suisse maintained CBS Corporation (NYSE:CBS) on Monday, February 22 with “Outperform” rating. On Tuesday, September 29 the stock rating was maintained by Needham with “Buy”. The firm earned “Sector Weight” rating on Friday, October 9 by Pacific Crest. The company was maintained on Tuesday, October 13 by RBC Capital Markets. The rating was maintained by UBS with “Neutral” on Wednesday, November 4.

According to Zacks Investment Research, “CBS Corporation is a mass media company that creates and distributes industry-leading content to audiences worldwide. CBS has businesses with origins that date back to the beginnings of broadcast as well as new ventures that operate on media’s leading edge. It owns the most-watched television network in the U.S. and one of the world’s largest entertainment libraries. CBS’s operations span nearly every field of media and entertainment, including cable, publishing, radio, TV, film, outdoor advertising, and interactive and socially responsible media. Its businesses include CBS Television Network, The CW (owned by CBS Corporation and Warner Bros. Entertainment), Showtime Networks, CBS Sports Network, Smithsonian Networks, Simon & Schuster, CBS Television Stations, CBS Radio, CBS Outdoor, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Interactive, CBS Consumer Products, CBS Home Entertainment, CBS Films and CBS EcoMedia. For more information, go to www.cbscorporation.com.”

Insitutional Activity: The institutional sentiment increased to 0.89 in Q2 2016. Its up 0.02, from 0.87 in 2016Q1. The ratio improved, as 50 funds sold all CBS Corporation shares owned while 234 reduced positions. 52 funds bought stakes while 201 increased positions. They now own 282.48 million shares or 8.70% less from 309.41 million shares in 2016Q1.
Brown Advisory Inc reported 11,731 shares or 0% of all its holdings. Thompson Invest Inc owns 96,860 shares or 1.08% of their US portfolio. Perkins Inv Management Ltd has 0.02% invested in the company for 23,311 shares. Convergence Inv Prtnrs accumulated 0.29% or 38,649 shares. Advisory Services Net Ltd Liability Company has invested 0% of its portfolio in CBS Corporation (NYSE:CBS). Tocqueville Asset Mngmt Limited Partnership accumulated 0.01% or 7,918 shares. Campbell Newman Asset Management has 0.05% invested in the company for 5,367 shares. Rhumbline Advisers has 612,378 shares for 0.1% of their US portfolio. Rs Invest Management Limited accumulated 81,461 shares or 0.05% of the stock. American National Registered Invest Advisor holds 13,870 shares or 0.35% of its portfolio. Ontario Teachers Pension Plan Board holds 48,360 shares or 0.03% of its portfolio. Signature Financial Incorporated has 7,259 shares for 0.18% of their US portfolio. Piedmont Inv Advsrs Limited Liability Corporation has 91,652 shares for 0% of their US portfolio. Kings Point owns 126,159 shares or 1.76% of their US portfolio. The Illinois-based Deere has invested 0.09% in CBS Corporation (NYSE:CBS).

Insider Transactions: Since April 6, 2016, the stock had 0 insider buys, and 10 selling transactions for $5.27 million net activity. 9,000 CBS Corporation (NYSE:CBS) shares with value of $508,827 were sold by Ambrosio Anthony G. $87,909 worth of shares were sold by Goldberg Leonard on Friday, August 19. CALIFANO JOSEPH A sold $266,151 worth of stock. $510,750 worth of CBS Corporation (NYSE:CBS) was sold by Anschell Jonathan. $1.61M worth of CBS Corporation (NYSE:CBS) shares were sold by Tu Lawrence.

More notable recent CBS Corporation (NYSE:CBS) news were published by: Fool.com which released: “Why CBS Corporation Is a Big Fan of Netflix” on October 01, 2016, also Prnewswire.com with their article: “CBS Corporation Confirms Receipt of Letter from National Amusements” published on September 29, 2016, Benzinga.com published: “Benzinga’s Top Upgrades” on October 04, 2016. More interesting news about CBS Corporation (NYSE:CBS) were released by: Prnewswire.com and their article: “CBS Corporation Announces Proposed $1.46 Billion Debt Financing By CBS Radio …” published on September 28, 2016 as well as Seekingalpha.com‘s news article titled: “CBS Corporation’s (CBS) CEO Les Moonves Presents at Goldman Sachs Communacopia …” with publication date: September 21, 2016.

CBS Company Profile

CBS Corporation, incorporated on November 10, 1986, is a mass media company. The Firm operates through divisions, including Entertainment, Cable Networks, Publishing and Local Broadcasting. The Firm operates businesses, which span the media and entertainment industries, including the CBS Television Network, cable networks, content production and distribution, television and radio stations, Internet businesses, and consumer publishing.

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