Klingenstein Fields & Co. LLC Trims Holdings in CBS Co. (NYSE:CBS)

Klingenstein Fields & Co. LLC lowered its holdings in CBS Co. (NYSE:CBS) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 436,099 shares of the media conglomerate’s stock after selling 25,476 shares during the period. Klingenstein Fields & Co. LLC owned approximately 0.12% of CBS worth $19,066,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Legacy Financial Advisors Inc. grew its position in shares of CBS by 399.5% during the 4th quarter. Legacy Financial Advisors Inc. now owns 2,158 shares of the media conglomerate’s stock worth $94,000 after purchasing an additional 1,726 shares in the last quarter. NuWave Investment Management LLC raised its stake in CBS by 8,219.4% in the 4th quarter. NuWave Investment Management LLC now owns 2,579 shares of the media conglomerate’s stock valued at $112,000 after purchasing an additional 2,548 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in shares of CBS by 95.1% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,257 shares of the media conglomerate’s stock worth $122,000 after acquiring an additional 1,100 shares in the last quarter. Capital Advisors Ltd. LLC boosted its position in CBS by 3,620.8% during the third quarter. Capital Advisors Ltd. LLC now owns 2,679 shares of the media conglomerate’s stock worth $154,000 after purchasing an additional 2,607 shares in the last quarter. Finally, Atria Investments LLC purchased a new position in CBS in the third quarter valued at about $202,000. 75.25% of the stock is owned by institutional investors.

Shares of CBS opened at $48.43 on Thursday. The stock has a market cap of $18.00 billion, a P/E ratio of 11.56, a PEG ratio of 0.59 and a beta of 1.32. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.05 and a current ratio of 1.51. CBS Co. has a 12-month low of $41.38 and a 12-month high of $59.59.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 11th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Friday, March 8th. CBS’s dividend payout ratio is presently 17.18%.

A number of research analysts have issued reports on the stock. Loop Capital decreased their target price on shares of CBS from $68.00 to $59.00 in a research report on Thursday, December 27th. BMO Capital Markets reaffirmed a “buy” rating and issued a $63.00 target price on shares of CBS in a research report on Tuesday, February 5th. Barrington Research restated a “buy” rating and set a $72.00 price objective on shares of CBS in a research note on Monday, February 4th. Moffett Nathanson upgraded shares of CBS from a “neutral” rating to a “buy” rating in a report on Thursday, January 17th. Finally, Imperial Capital reaffirmed a “buy” rating on shares of CBS in a research note on Monday, November 5th. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $64.32.

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CBS Profile

CBS Corporation operates as a mass media company worldwide. The company operates through 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, acquires, and distributes theatrical motion pictures; and digital streaming services.

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Institutional Ownership by Quarter for CBS (NYSE:CBS)

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