Zeke Capital Advisors LLC Acquires Shares of 11269 CBS Co

Brunilde Fioravanti
Mag 17, 2018

During the same period in the previous year, the firm earned $1.04 EPS.

Wall Street analysts expect that CBS Co. Markston International LLC bought a new position in shares of CBS during the 1st quarter valued at $100,000. CBS's profit will be $439.76M for 11.73 P/E if the $1.16 EPS becomes a reality. CBS posted earnings of $1.04 per share in the same quarter last year, which indicates a positive year over year growth rate of 14.4%.

CBS (NYSE:CBS) last posted its quarterly earnings results on Thursday, May 3rd. Xact Kapitalforvaltning AB raised its position in CBS by 3.2% in the 4th quarter. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. CBS had a return on equity of 77.15% and a net margin of 7.94%. CBS's quarterly revenue was up 12.5% on a year-over-year basis.

CBS has been the subject of several recent analyst reports.

CBS opened at $54.42 on Wednesday, according to Marketbeat Ratings. Citigroup decreased their price objective on shares of CBS from $75.00 to $71.00 and set a "buy" rating for the company in a report on Thursday, February 22nd. Wells Fargo lowered CBS from an "outperform" rating to a "market perform" rating and set a $63.00 target price for the company.in a research note on Monday, January 29th. Finally, Pivotal Research reissued a "hold" rating and issued a $64.00 price target on shares of CBS in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating on the company. CBS has an average rating of "Buy" and a consensus price target of $69.63. MOONVES LESLIE sold $5.15 million worth of stock. The stock was sold at an average price of $50.46, for a total value of $4,289,100.00.

Earlier on Wednesday, National Amusements amended CBS's bylaws to thwart the company's directors from issuing a special stock dividend. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders have sold 330,000 shares of company stock valued at $17,174,900.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado now owns 67,044 shares of the media conglomerate's stock worth $3,956,000 after acquiring an additional 1,406 shares during the period. Finally, Financial Counselors Inc. boosted its stake in shares of CBS by 51.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 28,372 shares of the media conglomerate's stock worth $1,674,000 after purchasing an additional 1,437 shares during the period. Osborn Williams & Donohoe LLC raised its holdings in CBS by 11.1% in the 4th quarter. Focused Investors LLC now owns 2,565,400 shares of the media conglomerate's stock worth $151,359,000 after purchasing an additional 940,500 shares in the last quarter. Raymond James Financial Services Advisors Inc. now owns 21,419 shares of the media conglomerate's stock worth $1,264,000 after acquiring an additional 7,436 shares during the period.

The stock increased 1.44% or $0.77 during the last trading session, reaching $54.42. The company has a current ratio of 1.52, a quick ratio of 1.13 and a debt-to-equity ratio of 4.78. The stock has a market capitalization of $20.33 billion, a P/E ratio of 12.87, a PEG ratio of 0.75 and a beta of 1.49. CBS Co. has a fifty-two week low of $53.97 and a fifty-two week high of $55.44. Investors of record on Friday, March 9th were paid a dividend of $0.18 per share. Its down 0.44, from 1.03 in 2017Q3.

CBS had said its board was considering a special dividend that would dilute National Amusements' voting power to 17 percent from 80 percent, a move legal experts called a "nuclear option".

Shari Redstone's National Amusements has sought to block CBS Corp.'s attempt to dilute her voting power in the company by implementing changes in the company's charter to require 90% of board members to agree on the scheduling of any special board meetings. The firm operates through four divisions: Entertainment, Cable Networks, Publishing, and Local Media.

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