Paramount Global (NASDAQ:PARA) Stock Holdings Lowered by Metis Global Partners LLC

Metis Global Partners LLC lowered its stake in shares of Paramount Global (NASDAQ:PARA - Free Report) by 76.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,523 shares of the company's stock after selling 36,661 shares during the quarter. Metis Global Partners LLC's holdings in Paramount Global were worth $121,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in PARA. Carson Advisory Inc. grew its position in shares of Paramount Global by 1.9% in the 3rd quarter. Carson Advisory Inc. now owns 54,364 shares of the company's stock worth $577,000 after acquiring an additional 1,004 shares in the last quarter. 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 during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Paramount Global by 1.6% in the third quarter. PNC Financial Services Group Inc. now owns 92,019 shares of the company's stock worth $977,000 after purchasing an additional 1,481 shares during the period. Huntington National Bank raised its holdings in shares of Paramount Global by 129.0% during the third quarter. Huntington National Bank now owns 2,771 shares of the company's stock worth $29,000 after purchasing an additional 1,561 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund lifted its position in shares of Paramount Global by 10.4% in the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 17,608 shares of the company's stock worth $187,000 after buying an additional 1,663 shares during the last quarter. Institutional investors own 73.00% of the company's stock.

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Paramount Global Price Performance

PARA traded down $0.14 on Monday, reaching $12.00. The company had a trading volume of 9,677,960 shares, compared to its average volume of 9,489,764. Paramount Global has a one year low of $9.54 and a one year high of $14.54. The company has a market capitalization of $8.00 billion, a P/E ratio of -1.46, a PEG ratio of 1.68 and a beta of 1.60. The company has a fifty day moving average of $10.94 and a 200-day moving average of $10.77. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.85.

Paramount Global (NASDAQ:PARA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.29). The company had revenue of $7.98 billion for the quarter, compared to analyst estimates of $8.07 billion. Paramount Global had a negative net margin of 18.89% and a positive return on equity of 5.81%. As a group, equities research analysts anticipate that Paramount Global will post 1.77 earnings per share for the current 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 annualized dividend and a yield of 1.67%. Paramount Global's dividend payout ratio is currently -2.15%.

Analyst Upgrades and Downgrades

PARA has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on shares of Paramount Global from $10.00 to $11.00 and gave the company an "underweight" rating in a research report on Tuesday, February 4th. Guggenheim reaffirmed a "buy" rating and set a $14.00 target price on shares of Paramount Global in a report on Thursday, February 27th. Macquarie reissued an "underperform" rating and issued a $10.00 price target on shares of Paramount Global in a report on Monday, November 11th. Benchmark restated a "buy" rating and set a $19.00 price objective on shares of Paramount Global in a research note on Thursday, February 27th. Finally, StockNews.com upgraded Paramount Global from a "sell" rating to a "hold" rating in a research note on Monday, November 11th. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Paramount Global currently has a consensus rating of "Hold" and an average target price of $12.10.

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.