Metropolis Capital Ltd Raises Stock Holdings in Paramount Global (NASDAQ:PARA)

Metropolis Capital Ltd increased its position in Paramount Global (NASDAQ:PARA - Free Report) by 6.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,123,029 shares of the company's stock after acquiring an additional 64,681 shares during the period. Paramount Global comprises about 0.4% of Metropolis Capital Ltd's investment portfolio, making the stock its 16th biggest holding. Metropolis Capital Ltd owned 0.17% of Paramount Global worth $11,927,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in shares of Paramount Global by 162.8% in the third quarter. Blue Trust Inc. now owns 2,539 shares of the company's stock worth $26,000 after acquiring an additional 1,573 shares during the period. Atlas Capital Advisors LLC bought a new stake in shares of Paramount Global in the second quarter worth $35,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Paramount Global in the second quarter worth $43,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Paramount Global by 518.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,891 shares of the company's stock worth $52,000 after acquiring an additional 4,100 shares during the period. Finally, SageView Advisory Group LLC bought a new stake in shares of Paramount Global in the first quarter worth $56,000. Institutional investors own 73.00% of the company's stock.

Paramount Global Price Performance

Shares of NASDAQ:PARA traded up $0.04 during mid-day trading on Wednesday, reaching $10.31. The stock had a trading volume of 4,889,736 shares, compared to its average volume of 15,352,300. The company has a current ratio of 1.30, a quick ratio of 1.15 and a debt-to-equity ratio of 0.85. The company has a market cap of $6.87 billion, a P/E ratio of -68.60, a price-to-earnings-growth ratio of 0.58 and a beta of 1.75. Paramount Global has a 1 year low of $9.54 and a 1 year high of $17.50. The business's 50 day moving average price is $10.54 and its 200 day moving average price is $11.15.

Paramount Global (NASDAQ:PARA - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.40. The company had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $7.21 billion. Paramount Global had a positive return on equity of 4.88% and a negative net margin of 17.62%. Research analysts expect that Paramount Global will post 1.56 EPS for the current fiscal year.

Paramount Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 16th will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.94%. Paramount Global's dividend payout ratio is currently -133.33%.

Analysts Set New Price Targets

Several brokerages recently commented on PARA. Needham & Company LLC reaffirmed a "hold" rating on shares of Paramount Global in a report on Friday, August 9th. Guggenheim cut their price target on Paramount Global from $19.00 to $14.00 and set a "buy" rating for the company in a report on Wednesday, September 25th. StockNews.com lowered Paramount Global from a "hold" rating to a "sell" rating in a report on Thursday, October 3rd. Wolfe Research lowered Paramount Global from a "peer perform" rating to an "underperform" rating and set a $10.00 price target for the company. in a report on Tuesday, July 9th. Finally, Wells Fargo & Company raised Paramount Global from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $10.00 to $11.00 in a report on Friday, August 9th. Nine research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Paramount Global has a consensus rating of "Hold" and an average price target of $12.33.

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.