How Analysts Feel About CBS Corporation (NYSE:CBS)?

September 16, 2018 - By Sonya McDaniel

CBS Corporation (NYSE:CBS) LogoInvestors sentiment increased to 0.89 in 2018 Q2. Its up 0.21, from 0.68 in 2018Q1. It improved, as 52 investors sold CBS Corporation shares while 206 reduced holdings. 74 funds opened positions while 156 raised stakes. 211.00 million shares or 3.54% less from 218.74 million shares in 2018Q1 were reported.
Fil holds 0.17% in CBS Corporation (NYSE:CBS) or 1.99 million shares. Nuveen Asset Mngmt Limited Liability holds 0.02% or 50,514 shares. Envestnet Asset invested in 20,925 shares. Zeke Capital Advsrs Ltd Co holds 11,648 shares or 0.06% of its portfolio. 334,758 are held by Nordea Inv. Moreover, Weik Mgmt has 0.28% invested in CBS Corporation (NYSE:CBS). Kentucky Retirement Ins Fund invested 0.09% of its portfolio in CBS Corporation (NYSE:CBS). Korea Corp invested in 0.08% or 296,742 shares. Pension accumulated 376,991 shares. Norinchukin National Bank The holds 38,691 shares or 0.03% of its portfolio. Artisan Partners Ltd Partnership reported 0.41% stake. Raymond James Service Advsr Incorporated stated it has 14,866 shares or 0% of all its holdings. Oakbrook Limited Liability Company invested 0.11% of its portfolio in CBS Corporation (NYSE:CBS). Assets Mngmt stated it has 4,000 shares or 0.04% of all its holdings. Reliance Trust Company Of Delaware invested 0.07% of its portfolio in CBS Corporation (NYSE:CBS).

Since March 20, 2018, it had 0 buys, and 12 sales for $36.64 million activity. Another trade for 85,000 shares valued at $4.34M was made by MOONVES LESLIE on Wednesday, April 11. $510,545 worth of CBS Corporation (NYSE:CBS) was sold by Anschell Jonathan. Schwartz Gil D had sold 160,709 shares worth $8.85 million on Thursday, June 14. Ianniello Joseph R also sold $2.82 million worth of CBS Corporation (NYSE:CBS) shares. Shares for $1.10 million were sold by Tu Lawrence on Friday, June 15.

CBS Corporation (NYSE:CBS) Ratings Coverage

Among 12 analysts covering CBS (NYSE:CBS), 6 have Buy rating, 0 Sell and 6 Hold. Therefore 50% are positive. CBS had 13 analyst reports since March 28, 2018 according to SRatingsIntel. Bernstein upgraded CBS Corporation (NYSE:CBS) rating on Monday, May 21. Bernstein has “Buy” rating and $6500 target. The firm has “Hold” rating given on Friday, May 4 by Wells Fargo. Bernstein upgraded CBS Corporation (NYSE:CBS) on Tuesday, May 15 to “Outperform” rating. KeyBanc Capital Markets maintained the stock with “Hold” rating in Tuesday, April 3 report. Cowen & Co downgraded the shares of CBS in report on Tuesday, July 31 to “Market Perform” rating. Citigroup maintained the stock with “Buy” rating in Wednesday, March 28 report. The rating was maintained by BMO Capital Markets with “Buy” on Wednesday, April 25. The rating was downgraded by UBS on Tuesday, September 11 to “Neutral”. Argus Research downgraded the stock to “Hold” rating in Tuesday, August 7 report. The rating was downgraded by Bank of America on Thursday, May 17 to “Neutral”. Below is a list of CBS Corporation (NYSE:CBS) latest ratings and price target changes.

11/09/2018 Broker: UBS Old Rating: Buy New Rating: Neutral Old Target: $72 New Target: $60 Downgrade
07/08/2018 Broker: Argus Research Old Rating: Buy New Rating: Hold Downgrade
31/07/2018 Broker: Cowen & Co Old Rating: Outperform New Rating: Market Perform Downgrade
11/07/2018 Broker: Credit Suisse Rating: Outperform New Target: $66 Initiates Coverage On
28/06/2018 Broker: Imperial Capital Rating: Outperform New Target: $71 Initiates Coverage On
21/05/2018 Broker: Bernstein Rating: Buy New Target: $65.0000 Upgrade
17/05/2018 Broker: Bank of America Old Rating: Buy New Rating: Neutral Downgrade
15/05/2018 Broker: Bernstein Old Rating: Market Perform New Rating: Outperform Upgrade
04/05/2018 Broker: Wells Fargo Rating: Hold Maintain
25/04/2018 Broker: BMO Capital Markets Rating: Buy New Target: $65.0000 Maintain

The stock decreased 0.64% or $0.36 during the last trading session, reaching $55.85. About 3.18M shares traded. CBS Corporation (NYSE:CBS) has declined 6.26% since September 16, 2017 and is downtrending. It has underperformed by 21.88% the S&P500.

CBS Corporation operates as a mass media firm worldwide. The company has market cap of $21.01 billion. The firm operates through four divisions: Entertainment, Cable Networks, Publishing, and Local Media. It has a 14.95 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.

More news for CBS Corporation (NYSE:CBS) were recently published by: Seekingalpha.com, which released: “Variety: Martin, Parsons emerge as external CBS CEO frontrunners” on September 11, 2018. Benzinga.com‘s article titled: “Barron’s Picks And Pans: Allstate, CBS, Owens-Illinois, 3M And More” and published on September 15, 2018 is yet another important article.

CBS Corporation (NYSE:CBS) Institutional Positions Chart

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