Paramount Global (NASDAQ:PARA) Position Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in Paramount Global (NASDAQ:PARA - Free Report) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,743,123 shares of the company's stock after purchasing an additional 348,298 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.16% of Paramount Global worth $80,993,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PARA. Allworth Financial LP lifted its stake in Paramount Global by 140.1% during the fourth quarter. Allworth Financial LP now owns 2,391 shares of the company's stock worth $25,000 after purchasing an additional 1,395 shares in the last quarter. Huntington National Bank lifted its stake in Paramount Global by 129.0% during the 3rd quarter. Huntington National Bank now owns 2,771 shares of the company's stock worth $29,000 after acquiring an additional 1,561 shares in the last quarter. Kennebec Savings Bank purchased a new position in Paramount Global during the 3rd quarter valued at about $47,000. SBI Securities Co. Ltd. acquired a new position in Paramount Global in the 4th quarter valued at about $57,000. Finally, FNY Investment Advisers LLC grew its position in Paramount Global by 102.4% in the 4th quarter. FNY Investment Advisers LLC now owns 7,224 shares of the company's stock valued at $75,000 after acquiring an additional 3,654 shares in the last quarter. Institutional investors and hedge funds own 73.00% of the company's stock.

Paramount Global Stock Performance

Shares of PARA traded down $0.53 during midday trading on Tuesday, reaching $11.47. 9,883,417 shares of the stock were exchanged, compared to its average volume of 9,499,595. The company has a market capitalization of $7.65 billion, a price-to-earnings ratio of -1.40, a PEG ratio of 1.68 and a beta of 1.60. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.27 and a quick ratio of 1.10. Paramount Global has a twelve month low of $9.54 and a twelve month high of $14.54. The business's 50-day moving average price is $10.99 and its 200 day moving average price is $10.78.

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Paramount Global (NASDAQ:PARA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.29). The firm had revenue of $7.98 billion during the quarter, compared to analysts' expectations of $8.07 billion. Paramount Global had a negative net margin of 18.89% and a positive return on equity of 5.81%. On average, sell-side analysts expect that Paramount Global will post 1.77 EPS for the current fiscal year.

Paramount Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.20 dividend on an annualized basis and a yield of 1.74%. Paramount Global's payout ratio is currently -2.15%.

Analyst Ratings Changes

PARA has been the subject of several recent research reports. Guggenheim reissued a "buy" rating and issued a $14.00 price objective on shares of Paramount Global in a research note on Thursday, February 27th. Macquarie reissued an "underperform" rating and issued a $10.00 price target on shares of Paramount Global in a research report on Monday, November 11th. StockNews.com raised Paramount Global from a "sell" rating to a "hold" rating in a research report on Monday, November 11th. Needham & Company LLC reiterated a "hold" rating on shares of Paramount Global in a report on Thursday, February 27th. Finally, Benchmark restated a "buy" rating and set a $19.00 price target on shares of Paramount Global in a report on Thursday, February 27th. Six analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $12.10.

Paramount Global Profile

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.