Thompson Siegel & Walmsley LLC purchased a new stake in shares of Paramount Global (NASDAQ:PARA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 529,912 shares of the company's stock, valued at approximately $5,543,000. Thompson Siegel & Walmsley LLC owned 0.08% of Paramount Global as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in PARA. Principal Financial Group Inc. raised its position in shares of Paramount Global by 22.3% during the 3rd quarter. Principal Financial Group Inc. now owns 683,401 shares of the company's stock valued at $7,258,000 after buying an additional 124,740 shares during the period. State of New Jersey Common Pension Fund D raised its position in Paramount Global by 14.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 231,127 shares of the company's stock valued at $2,455,000 after purchasing an additional 29,057 shares during the period. Entropy Technologies LP raised its position in Paramount Global by 28.6% in the third quarter. Entropy Technologies LP now owns 71,492 shares of the company's stock valued at $759,000 after purchasing an additional 15,900 shares during the period. GSA Capital Partners LLP raised its position in Paramount Global by 46.0% in the third quarter. GSA Capital Partners LLP now owns 87,924 shares of the company's stock valued at $934,000 after purchasing an additional 27,709 shares during the period. Finally, Huntington National Bank raised its position in Paramount Global by 129.0% in the third quarter. Huntington National Bank now owns 2,771 shares of the company's stock valued at $29,000 after purchasing an additional 1,561 shares during the period. Hedge funds and other institutional investors own 73.00% of the company's stock.
Paramount Global Stock Up 0.4 %
Shares of PARA stock traded up $0.05 on Friday, reaching $11.69. 7,306,948 shares of the stock were exchanged, compared to its average volume of 9,412,048. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.85. The business's 50 day moving average price is $11.05 and its 200 day moving average price is $10.80. The company has a market capitalization of $7.80 billion, a price-to-earnings ratio of -1.42, a PEG ratio of 1.68 and a beta of 1.60. Paramount Global has a twelve month low of $9.54 and a twelve month high of $14.54.
Paramount Global (NASDAQ:PARA - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.29). The firm had revenue of $7.98 billion for the quarter, compared to analyst estimates of $8.07 billion. Paramount Global had a positive return on equity of 5.81% and a negative net margin of 18.89%. As a group, sell-side analysts expect that Paramount Global will post 1.77 earnings per share for the current fiscal year.
Paramount Global Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, March 17th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.71%. Paramount Global's payout ratio is currently -2.15%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on PARA. Guggenheim reissued a "buy" rating and issued a $14.00 target price on shares of Paramount Global in a research report on Thursday, February 27th. Benchmark reissued a "buy" rating and issued a $19.00 target price on shares of Paramount Global in a research report on Thursday, February 27th. Needham & Company LLC reissued a "hold" rating on shares of Paramount Global in a research report on Thursday, February 27th. Finally, Morgan Stanley boosted their target price on Paramount Global from $10.00 to $11.00 and gave the company an "underweight" rating in a research report on Tuesday, February 4th. Six research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $12.10.
Check Out Our Latest Report on PARA
About Paramount Global
(
Free Report)
Paramount Global operates as a media, streaming, and entertainment company worldwide. It operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates CBS Television Network, a domestic broadcast television network; CBS Stations, a television station; and international free-to-air networks comprising Network 10, Channel 5, Telefe, and Chilevisión; domestic premium and basic cable networks, such as Paramount+ with Showtime, MTV, Comedy Central, Paramount Network, The Smithsonian Channel, Nickelodeon, BET Media Group, and CBS Sports Network; and international extensions of these brands.
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