Landscape Capital Management L.L.C. Decreases Stock Holdings in Paramount Global (NASDAQ:PARA)

Landscape Capital Management L.L.C. trimmed its holdings in Paramount Global (NASDAQ:PARA - Free Report) by 42.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,963 shares of the company's stock after selling 82,203 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Paramount Global were worth $1,171,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Allworth Financial LP boosted its position 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 valued at $25,000 after acquiring an additional 1,395 shares during the last quarter. Mountain Hill Investment Partners Corp. purchased a new stake in Paramount Global during the fourth quarter valued at $31,000. Rakuten Securities Inc. raised its stake in Paramount Global by 187.8% during the fourth quarter. Rakuten Securities Inc. now owns 3,094 shares of the company's stock valued at $32,000 after purchasing an additional 2,019 shares in the last quarter. Atlas Capital Advisors Inc. bought a new position in Paramount Global during the fourth quarter valued at $35,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Paramount Global in the 4th quarter worth $57,000. 73.00% of the stock is owned by hedge funds and other institutional investors.

Paramount Global Trading Down 2.1 %

Shares of PARA stock traded down $0.23 on Friday, hitting $10.69. 5,527,891 shares of the stock traded hands, compared to its average volume of 11,639,889. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.10 and a current ratio of 1.27. Paramount Global has a twelve month low of $9.54 and a twelve month high of $14.54. The firm's 50-day moving average price is $11.36 and its two-hundred day moving average price is $10.95. The stock has a market capitalization of $7.13 billion, a PE ratio of -1.30, a PEG ratio of 1.68 and a beta of 1.31.

Paramount Global (NASDAQ:PARA - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.29). The business 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, analysts anticipate that Paramount Global will post 1.77 EPS for the current year.

Paramount Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.87%. Paramount Global's payout ratio is presently -2.15%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PARA shares. StockNews.com initiated coverage on Paramount Global in a research report on Monday. They set a "hold" rating on the stock. Needham & Company LLC restated a "hold" rating on shares of Paramount Global in a report on Thursday, February 27th. Morgan Stanley lifted their price objective on shares of Paramount Global from $10.00 to $11.00 and gave the stock an "underweight" rating in a research note on Tuesday, February 4th. Guggenheim reissued a "buy" rating and issued a $14.00 target price on shares of Paramount Global in a research note on Thursday, February 27th. Finally, Benchmark reaffirmed a "buy" rating and set a $19.00 price target on shares of Paramount Global in a research note on Thursday, February 27th. Six analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $12.09.

Paramount Global Company 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.