Cbs Corp (CBS) Files Form 4 Insider Selling : Anthony G Ambrosio Sells 8,500 Shares

Cbs Corp (CBS): Anthony G Ambrosio , Sr.EVP Chief Admin & HR Ofcr of Cbs Corp sold 8,500 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 3, 2016 to the Securities and Exchange Commission. The shares were sold at $54.86 per share for a total value of $466,279.41 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 20, 2016, Anthony G Ambrosio (Sr.EVP Chief Admin & HR Ofcr) sold 9,000 shares at $52.75 per share price.On May 6, 2016, Lawrence Tu (Sr.EVP, Chief Legal Officer) sold 28,104 shares at $57.17 per share price.Also, On May 6, 2016, Jonathan Anschell (EVP, Deputy GC and Secretary) sold 8,946 shares at $57.09 per share price.On Mar 15, 2016, Joseph R Ianniello (Chief Operating Officer) sold 33,975 shares at $52.69 per share price.

Shares of CBS Corporation (CBS) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -1.01 points or -1.82% at $54.39 with 44,80,944 shares getting traded. Post opening the session at $54.97, the shares hit an intraday low of $53.72 and an intraday high of $55 and the price vacillated in this range throughout the day. The company has a market cap of $24,641 M and the number of outstanding shares has been calculated to be 45,30,40,120 shares. The 52-week high of CBS Corporation is $62.51 and the 52-week low is $38.51.

CBS Corporation Money Flow Index Chart

On May 26, 2016, CBS Corporation announced a cash dividend of $0.1500. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jul 1, 2016.

Company has been under the radar of several Street Analysts.CBS Corporation is Reiterated by Telsey Advisory Group to Outperform and the brokerage firm has raised the Price Target to $ 67 from a previous price target of $63 .The Rating was issued on May 20, 2016.CBS Corporation is Reiterated by Topeka Capital Markets to Buy and the brokerage firm has raised the Price Target to $ 66 from a previous price target of $64 .The Rating was issued on May 4, 2016.CBS Corporation is Reiterated by Pivotal Research Group to Buy and the brokerage firm has raised the Price Target to $ 64 from a previous price target of $63 .The Rating was issued on May 4, 2016.CBS Corporation is Reiterated by FBR Capital to Outperform and the brokerage firm has raised the Price Target to $ 68 from a previous price target of $66 .The Rating was issued on May 4, 2016.CBS Corporation is Reiterated by Wedbush to Outperform and the brokerage firm has raised the Price Target to $ 65 from a previous price target of $63 .The Rating was issued on May 4, 2016.

CBS Corporation is a mass media company. The Company operates through segments including Entertainment Cable Networks Publishing and Local Broadcasting. The Entertainment segment is composed of the CBS Television Network CBS Television Studios CBS Global Distribution Group CBS Interactive and CBS Films. The Cable Networks segment is composed of Showtime Networks which operates program services such as Showtime The Movie Channel and Flix; CBS Sports Network and Smithsonian Networks which operates a program service Smithsonian Channel. The Publishing segment is composed of Simon & Schuster which publishes and distributes consumer books under imprints such as Simon & Schuster Pocket Books Scribner and Atria Books. The Local Broadcasting segment is composed of CBS Television Stations the Company’s 30 owned broadcast television stations and CBS Radio through which the Company owns and operates 117 radio stations in 26 United States markets.

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