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CBS Corporation (CBS): Are Hedge Funds Right About This Stock?

Insider Monkey has processed numerous 13F filings of hedge funds and famous investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds and investors’ positions as of the end of the fourth quarter. You can find write-ups about an individual hedge fund’s trades on numerous financial news websites. However, in this article we will take a look at their collective moves and analyze what the smart money thinks of CBS Corporation (NYSE:CBS) based on that data.

CBS Corporation (NYSE:CBS) investors should pay attention to an increase in support from the world’s most elite money managers in recent months. CBS was in 64 hedge funds’ portfolios at the end of December. There were 62 hedge funds in our database with CBS holdings at the end of the previous quarter. At the end of this article we will also compare CBS to other stocks, including Franklin Resources, Inc. (NYSE:BEN), Archer Daniels Midland Company (NYSE:ADM), and SunTrust Banks, Inc. (NYSE:STI) to get a better sense of its popularity.

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At the moment there are dozens of formulas investors can use to evaluate publicly traded companies. A couple of the less utilized formulas are hedge fund and insider trading moves. Our researchers have shown that, historically, those who follow the top picks of the top fund managers can beat the S&P 500 by a solid amount (see the details here).

CBS’s stock has slid by more than 14% over the past year, so before we proceed to analyzing the hedge fund sentiment towards the stock, let’s take a closer look at the latest news involving the company.