Is there a Bearish outlook for CBS Corporation (NYSE:CBS) this week?

September 16, 2018 - By Eugene Smith

CBS Corporation (NYSE:CBS) LogoInvestors sentiment increased to 0.89 in Q2 2018. Its up 0.21, from 0.68 in 2018Q1. It increased, 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.
Csat Invest Advisory Limited Partnership accumulated 0.01% or 193 shares. Ellington Mgmt Grp Limited Liability Corporation reported 4,900 shares or 0.02% of all its holdings. State Of Tennessee Treasury Department has invested 0.02% in CBS Corporation (NYSE:CBS). Financial Counselors reported 149,285 shares. International Limited Ca has invested 0.13% in CBS Corporation (NYSE:CBS). Oregon Public Employees Retirement Fund has 37,371 shares for 0.03% of their portfolio. Sumitomo Mitsui Asset Mngmt Limited owns 24,592 shares or 0.02% of their US portfolio. Nwq Investment Management Limited Liability Company has 584,736 shares. Invesco Limited reported 3.01M shares. Foster & Motley stated it has 0.03% in CBS Corporation (NYSE:CBS). Ariel Invs Ltd Co stated it has 1.15 million shares. Addenda Inc owns 185,387 shares or 0.37% of their US portfolio. Quantitative Systematic Strategies Ltd Limited Liability Company holds 0.3% or 28,681 shares in its portfolio. Holt Capital Advsrs Lc Dba Holt Capital Prtnrs Limited Partnership has invested 0.36% in CBS Corporation (NYSE:CBS). Cambridge Research Advsr has invested 0.01% in CBS Corporation (NYSE:CBS).

Since March 20, 2018, it had 0 insider purchases, and 12 sales for $36.64 million activity. The insider Ambrosio Anthony G sold $878,521. Anschell Jonathan sold $510,545 worth of CBS Corporation (NYSE:CBS) on Friday, May 25. Schwartz Gil D sold 160,709 shares worth $8.85 million. 50,000 shares were sold by Ianniello Joseph R, worth $2.82 million on Monday, June 18. Tu Lawrence also sold $1.10M worth of CBS Corporation (NYSE:CBS) 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. The stock has “Buy” rating by BMO Capital Markets on Wednesday, April 25. The company was downgraded on Tuesday, July 31 by Cowen & Co. The rating was upgraded by Bernstein on Monday, May 21 to “Buy”. Wells Fargo maintained CBS Corporation (NYSE:CBS) on Friday, May 4 with “Hold” rating. The stock has “Outperform” rating by Bernstein on Tuesday, May 15. The stock has “Buy” rating by Citigroup on Wednesday, March 28. KeyBanc Capital Markets maintained the shares of CBS in report on Tuesday, April 3 with “Hold” rating. The firm has “Hold” rating by Argus Research given on Tuesday, August 7. The stock of CBS Corporation (NYSE:CBS) earned “Neutral” rating by Bank of America on Thursday, May 17. The firm has “Neutral” rating given on Tuesday, September 11 by UBS. 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 3.18 million 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: Benzinga.com, which released: “Barron’s Picks And Pans: Allstate, CBS, Owens-Illinois, 3M And More” on September 15, 2018. Seekingalpha.com‘s article titled: “Variety: Martin, Parsons emerge as external CBS CEO frontrunners” and published on September 11, 2018 is yet another important article.

CBS Corporation (NYSE:CBS) Institutional Positions Chart

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