Bokf Na Has $1.26 Million Position in CBS Co. (CBS)
Bokf Na boosted its position in CBS Co. (NYSE:CBS) by 423.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 28,713 shares of the media conglomerate’s stock after purchasing an additional 23,228 shares during the quarter. Bokf Na’s holdings in CBS were worth $1,255,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in CBS. Capital Research Global Investors raised its stake in CBS by 31.6% in the 3rd quarter. Capital Research Global Investors now owns 32,802,753 shares of the media conglomerate’s stock valued at $1,884,518,000 after purchasing an additional 7,877,689 shares during the last quarter. Baupost Group LLC MA acquired a new position in CBS in the 4th quarter valued at about $111,357,000. Capital International Investors raised its stake in CBS by 77.7% in the 3rd quarter. Capital International Investors now owns 3,988,800 shares of the media conglomerate’s stock valued at $229,157,000 after purchasing an additional 1,744,200 shares during the last quarter. State Treasurer State of Michigan raised its stake in CBS by 566.9% in the 4th quarter. State Treasurer State of Michigan now owns 672,427 shares of the media conglomerate’s stock valued at $29,399,000 after purchasing an additional 571,600 shares during the last quarter. Finally, Capital Guardian Trust Co. purchased a new stake in CBS in the 3rd quarter valued at about $30,851,000. 74.58% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:CBS opened at $47.70 on Monday. The company has a debt-to-equity ratio of 3.38, a current ratio of 1.48 and a quick ratio of 1.04. CBS Co. has a 1 year low of $41.38 and a 1 year high of $59.59. The stock has a market cap of $17.79 billion, a PE ratio of 9.19, a PEG ratio of 0.66 and a beta of 1.26.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 11th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Friday, March 8th. CBS’s payout ratio is currently 13.87%.
In other news, Director Gary L. Countryman sold 4,584 shares of the business’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $51.35, for a total transaction of $235,388.40. Following the completion of the sale, the director now owns 63,454 shares in the company, valued at approximately $3,258,362.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jonathan Anschell sold 20,730 shares of the business’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $50.11, for a total value of $1,038,780.30. Following the sale, the executive vice president now owns 23,358 shares of the company’s stock, valued at approximately $1,170,469.38. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by insiders.
Several analysts have commented on CBS shares. Loop Capital lowered their price target on CBS from $68.00 to $59.00 in a report on Thursday, December 27th. BMO Capital Markets restated a “buy” rating and issued a $63.00 price target on shares of CBS in a report on Tuesday, February 5th. Barrington Research restated a “buy” rating and issued a $72.00 price target on shares of CBS in a report on Monday, February 4th. Moffett Nathanson upgraded CBS from a “neutral” rating to a “buy” rating in a report on Thursday, January 17th. Finally, Benchmark lowered their price target on CBS from $90.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, February 13th. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $64.10.
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CBS Corporation operates as a mass media company worldwide. The company operates in four segments: Entertainment, Cable Networks, Publishing, and Local Media. 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 theatrical films; and digital streaming services.
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