Is CBS (NYSE:CBS) In Trouble? Stephens \u0026 Co. Issues Downgrade.

January 23, 2018 - By Vivian Currie

 Is CBS (NYSE:CBS) In Trouble? Stephens \u0026 Co. Issues Downgrade.

Investors sentiment increased to 1.03 in Q3 2017. Its up 0.23, from 0.8 in 2017Q2. It improved, as 53 investors sold CBS Corporation shares while 225 reduced holdings. 80 funds opened positions while 206 raised stakes. 225.71 million shares or 1.68% less from 229.56 million shares in 2017Q2 were reported.

Bryn Mawr Co, Pennsylvania-based fund reported 74,447 shares. Peoples Financial Svcs accumulated 78 shares. Moreover, Thompson Davis Inc has 0.01% invested in CBS Corporation (NYSE:CBS). 69,304 were accumulated by Shell Asset Management Co. Caxton Assoc L P stated it has 9,100 shares or 0.02% of all its holdings. Enterprise Financial Ser Corp accumulated 300 shares. Pension reported 0.12% of its portfolio in CBS Corporation (NYSE:CBS). Whittier holds 4,346 shares or 0.01% of its portfolio. Sol Capital Management holds 0.08% or 5,165 shares in its portfolio. Advisor Partners Limited Co has invested 0.1% in CBS Corporation (NYSE:CBS). Dorsal Management Limited Com owns 1.35M shares or 4.07% of their US portfolio. Marathon Mgmt has invested 0.82% in CBS Corporation (NYSE:CBS). Aviva Public Ltd Co owns 0.12% invested in CBS Corporation (NYSE:CBS) for 397,721 shares. Cibc Asset Mngmt holds 0.01% or 37,666 shares. Andra Ap reported 63,900 shares.

Since August 2, 2017, it had 0 buys, and 16 insider sales for $84.19 million activity. 5,093 shares were sold by COUNTRYMAN GARY L, worth $327,506. 8,167 shares were sold by Ambrosio Anthony G, worth $538,673. The insider Ianniello Joseph R sold 2,910 shares worth $175,000. Schwartz Gil D sold $344,658 worth of CBS Corporation (NYSE:CBS) on Wednesday, August 2. CALIFANO JOSEPH A sold $321,088 worth of stock or 5,093 shares.

CBS (NYSE:CBS) Receives a Downgrade

Shares of New York-listed CBS (NYSE:CBS) Have been downgraded by stock analysts at Stephens \u0026 Co.. Stephens \u0026 Co. decreased their rating for the $22.30B market cap company to a Equal-Weight from their previous Overweight rating.

Investors sentiment increased to 1.03 in Q3 2017. Its up 0.23, from 0.8 in 2017Q2. It improved, as 53 investors sold CBS Corporation shares while 225 reduced holdings. 80 funds opened positions while 206 raised stakes. 225.71 million shares or 1.68% less from 229.56 million shares in 2017Q2 were reported.

Bryn Mawr Co, Pennsylvania-based fund reported 74,447 shares. Peoples Financial Svcs accumulated 78 shares. Moreover, Thompson Davis Inc has 0.01% invested in CBS Corporation (NYSE:CBS). 69,304 were accumulated by Shell Asset Management Co. Caxton Assoc L P stated it has 9,100 shares or 0.02% of all its holdings. Enterprise Financial Ser Corp accumulated 300 shares. Pension reported 0.12% of its portfolio in CBS Corporation (NYSE:CBS). Whittier holds 4,346 shares or 0.01% of its portfolio. Sol Capital Management holds 0.08% or 5,165 shares in its portfolio. Advisor Partners Limited Co has invested 0.1% in CBS Corporation (NYSE:CBS). Dorsal Management Limited Com owns 1.35M shares or 4.07% of their US portfolio. Marathon Mgmt has invested 0.82% in CBS Corporation (NYSE:CBS). Aviva Public Ltd Co owns 0.12% invested in CBS Corporation (NYSE:CBS) for 397,721 shares. Cibc Asset Mngmt holds 0.01% or 37,666 shares. Andra Ap reported 63,900 shares.

Since August 2, 2017, it had 0 buys, and 16 insider sales for $84.19 million activity. 5,093 shares were sold by COUNTRYMAN GARY L, worth $327,506. 8,167 shares were sold by Ambrosio Anthony G, worth $538,673. The insider Ianniello Joseph R sold 2,910 shares worth $175,000. Schwartz Gil D sold $344,658 worth of CBS Corporation (NYSE:CBS) on Wednesday, August 2. CALIFANO JOSEPH A sold $321,088 worth of stock or 5,093 shares.

CBS Corporation (NYSE:CBS) Ratings Coverage

Among 36 analysts covering CBS Corp (NYSE:CBS), 28 have Buy rating, 0 Sell and 8 Hold. Therefore 78% are positive. CBS Corp has $8100 highest and $6 lowest target. $68.47’s average target is 17.55% above currents $58.25 stock price. CBS Corp had 107 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, March 16. The rating was maintained by Topeka Capital Markets on Tuesday, October 6 with “Buy”. As per Friday, October 27, the company rating was maintained by Cowen & Co. The company was maintained on Friday, March 18 by Deutsche Bank. The stock of CBS Corporation (NYSE:CBS) has “Buy” rating given on Wednesday, November 22 by BMO Capital Markets. On Tuesday, January 24 the stock rating was maintained by Needham with “Buy”. Needham maintained CBS Corporation (NYSE:CBS) rating on Friday, November 3. Needham has “Buy” rating and $70.0 target. The stock of CBS Corporation (NYSE:CBS) has “Outperform” rating given on Friday, February 12 by Wedbush. The stock of CBS Corporation (NYSE:CBS) has “Buy” rating given on Tuesday, June 6 by RBC Capital Markets. The firm has “Buy” rating given on Friday, May 5 by Benchmark.

The stock increased 0.87% or $0.5 during the last trading session, reaching $58.25. About 6.67 million shares traded. CBS Corporation (NYSE:CBS) has risen 18.35% since January 23, 2017 and is uptrending. It has outperformed by 1.65% the S&P500.

Analysts await CBS Corporation (NYSE:CBS) to report earnings on February, 21. They expect $1.19 EPS, up 7.21 % or $0.08 from last year’s $1.11 per share. CBS’s profit will be $455.55M for 12.24 P/E if the $1.19 EPS becomes a reality. After $1.11 actual EPS reported by CBS Corporation for the previous quarter, Wall Street now forecasts 7.21 % EPS growth.

CBS Corporation operates as a mass media firm worldwide. The company has market cap of $22.30 billion. The firm operates through four divisions: Entertainment, Cable Networks, Publishing, and Local Media. It has a 85.29 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 notable recent CBS Corporation (NYSE:CBS) news were published by: Investorplace.com which released: “Viacom, Inc. Needs to Merge with CBS Corporation in Order to Survive” on January 19, 2018, also Seekingalpha.com with their article: “Viacom/CBS: 2 Sides Of A Potential Merger” published on January 17, 2018, Seekingalpha.com published: “Report: CBS, NBC, Fox bid for Thursday NFL games” on January 22, 2018. More interesting news about CBS Corporation (NYSE:CBS) were released by: Seekingalpha.com and their article: “Viacom, CBS jump on report of new re-merger pursuit” published on January 12, 2018 as well as Techcrunch.com‘s news article titled: “Pinterest adds former CBS Corp. CFO Fred Reynolds to its board” with publication date: December 29, 2017.

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