The COO of CBS Corp (CBS) is Selling Shares

Yesterday, the COO of CBS Corp (NYSE: CBS), Joseph Ianniello, sold shares of CBS for $2.82M.

In addition to Joseph Ianniello, 3 other CBS executives reported Sell trades in the last month.

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Based on CBS Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $3.76 billion and quarterly net profit of $511 million. In comparison, last year the company earned revenue of $3.34 billion and had a GAAP net loss of $252 million. CBS’s market cap is $21.51B and the company has a P/E ratio of 19.06. Currently, CBS Corp has an average volume of 4.08M.

Based on 11 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $65.00, reflecting a -10.5% downside. Five different firms, including Guggenheim and UBS, currently also have a Sell rating on the stock.

The insider sentiment on CBS Corp has been negative according to 99 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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CBS Corp. operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world. It operates its business through following segments: Entertainment, Cable Networks, Publishing, and Local Media.

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