Greatmark Investment Partners Inc. boosted its holdings in Paramount Global (NASDAQ:PARA - Free Report) by 68.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 127,410 shares of the company's stock after buying an additional 51,656 shares during the quarter. Greatmark Investment Partners Inc.'s holdings in Paramount Global were worth $1,333,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. Allworth Financial LP boosted its stake in shares of Paramount Global by 140.1% during the 4th quarter. Allworth Financial LP now owns 2,391 shares of the company's stock worth $25,000 after acquiring an additional 1,395 shares in the last quarter. Huntington National Bank boosted its position in shares of Paramount Global by 129.0% in the 3rd 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. Rakuten Securities Inc. increased its stake in Paramount Global by 187.8% in the 4th quarter. Rakuten Securities Inc. now owns 3,094 shares of the company's stock worth $32,000 after purchasing an additional 2,019 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Paramount Global in the fourth quarter worth about $57,000. Finally, FNY Investment Advisers LLC increased its position in shares of Paramount Global by 102.4% in the fourth quarter. FNY Investment Advisers LLC now owns 7,224 shares of the company's stock worth $75,000 after acquiring an additional 3,654 shares in the last quarter. Institutional investors own 73.00% of the company's stock.
Paramount Global Stock Down 1.1 %
NASDAQ PARA traded down $0.13 during trading on Tuesday, reaching $11.56. The company's stock had a trading volume of 1,775,038 shares, compared to its average volume of 12,508,723. 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 stock has a market capitalization of $7.71 billion, a PE ratio of -1.41, a PEG ratio of 1.68 and a beta of 1.60. Paramount Global has a 1-year low of $9.54 and a 1-year high of $14.54. The business has a 50-day moving average price of $11.07 and a 200-day moving average price of $10.80.
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 (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.29). Paramount Global had a positive return on equity of 5.81% and a negative net margin of 18.89%. The business had revenue of $7.98 billion during the quarter, compared to the consensus estimate of $8.07 billion. On average, research analysts forecast that Paramount Global will post 1.77 earnings per share for the current fiscal year.
Paramount Global Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Monday, March 17th. Paramount Global's payout ratio is -2.15%.
Analyst Ratings Changes
A number of equities analysts recently commented on the stock. Benchmark reaffirmed a "buy" rating and issued a $19.00 price objective on shares of Paramount Global in a research note on Thursday, February 27th. Morgan Stanley raised their target price on Paramount Global from $10.00 to $11.00 and gave the stock an "underweight" rating in a research report on Tuesday, February 4th. Needham & Company LLC reissued a "hold" rating on shares of Paramount Global in a research report on Thursday, February 27th. Finally, Guggenheim restated a "buy" rating and set a $14.00 price objective on shares of Paramount Global in a research report on Thursday, February 27th. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $12.10.
Read Our Latest Stock Report on Paramount Global
Paramount Global Profile
(
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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