What’s in CBS Corporation After Today’s Bullish Options Activity?

 What's in CBS Corporation After Today's Bullish Options Activity?

In today’s session CBS Corporation (CBS) registered an unusually high (152) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious CBS increase. With 152 contracts traded and 31514 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: CBS170120C00052500 closed last at: $7.6 or 2% up. About 534,219 shares traded hands. CBS Corporation (NYSE:CBS) has risen 10.97% since April 18, 2016 and is uptrending. It has outperformed by 6.54% the S&P500.

CBS Corporation (NYSE:CBS) Ratings Coverage

Out of 20 analysts covering CBS Corp (NYSE:CBS), 16 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 80% are positive. CBS Corp has been the topic of 44 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Wedbush maintained CBS Corporation (NYSE:CBS) on Friday, February 12 with “Outperform” rating. Deutsche Bank maintained the shares of CBS in a report on Friday, July 29 with “Buy” rating. UBS downgraded CBS Corporation (NYSE:CBS) rating on Friday, July 15. UBS has “Sell” rating and $52 price target. As per Thursday, September 10, the company rating was upgraded by Deutsche Bank. Stifel Nicolaus maintained the shares of CBS in a report on Wednesday, March 16 with “Buy” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, January 8 report. The firm has “Market Perform” rating by Telsey Advisory Group given on Thursday, September 22. On Friday, February 5 the stock rating was initiated by Telsey Advisory Group with “Outperform”. The firm earned “Buy” rating on Friday, March 18 by Deutsche Bank. The stock of CBS Corporation (NYSE:CBS) earned “Neutral” rating by UBS 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 0.91 in 2016 Q2. Its up 0.02, from 0.89 in 2016Q1. The ratio increased, 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.
The Korea-based Natl Pension Ser has invested 0.16% in CBS Corporation (NYSE:CBS). Cibc World Markets Incorporated accumulated 16,992 shares or 0% of the stock. Moreover, Pine River Mgmt Lp has 0.02% invested in CBS Corporation (NYSE:CBS) for 24,800 shares. Cornerstone Capital Mgmt Limited Company accumulated 142,802 shares or 0.06% of the stock. Carroll Assocs Incorporated holds 0% of its portfolio in CBS Corporation (NYSE:CBS) for 50 shares. Century has 0.02% invested in the company for 313,029 shares. Condor Mgmt last reported 26,412 shares in the company. Whitnell Commerce last reported 0% of its portfolio in the stock. Ogorek Anthony Joseph Adv accumulated 325 shares or 0.02% of the stock. Tfs Ltd Liability Com reported 6,634 shares or 0.07% of all its holdings. Apg Asset Mgmt Nv owns 3.26 million shares or 0.33% of their US portfolio. Nationwide Fund Advsr owns 211,667 shares or 0.05% of their US portfolio. Investec Asset Management North America accumulated 26,818 shares or 0.21% of the stock. Gluskin Sheff & Assocs reported 445,540 shares or 2.1% of all its holdings. Ahl Prtnrs Limited Liability Partnership last reported 0.04% of its portfolio in the stock.

Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 10 insider sales for $5.93 million net activity. $87,909 worth of shares were sold by Goldberg Leonard on Friday, August 19. CALIFANO JOSEPH A sold $266,151 worth of stock. $841,029 worth of shares were sold by Ambrosio Anthony G on Tuesday, October 4.

CBS Corporation is a mass media company. The company has a market cap of $28.59 billion. The Company’s divisions include Entertainment, Cable Networks, Publishing and Local Broadcasting. It has a 16.61 P/E ratio. The Company’s Entertainment segment is composed of the CBS Television Network; CBS Television Studios; CBS Global Distribution Group ; CBS Interactive, and CBS Films.

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.

Another recent and important CBS Corporation (NYSE:CBS) news was published by Prnewswire.com which published an article titled: “CBS Corporation Reports Third Quarter 2016 Results” on November 03, 2016.

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