26,184 Shares in Paramount Global (NASDAQ:PARA) Acquired by Natixis Advisors LLC

Natixis Advisors LLC purchased a new stake in shares of Paramount Global (NASDAQ:PARA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 26,184 shares of the company's stock, valued at approximately $274,000.

Several other large investors have also recently added to or reduced their stakes in PARA. State Street Corp grew its stake in shares of Paramount Global by 18.4% in the 3rd quarter. State Street Corp now owns 44,154,027 shares of the company's stock valued at $470,695,000 after buying an additional 6,848,037 shares in the last quarter. Geode Capital Management LLC grew its holdings in Paramount Global by 12.1% during the third quarter. Geode Capital Management LLC now owns 14,842,966 shares of the company's stock valued at $157,168,000 after purchasing an additional 1,606,779 shares during the last quarter. Lingotto Investment Management LLP grew its stake in Paramount Global by 3.7% in the 4th quarter. Lingotto Investment Management LLP now owns 44,753,299 shares of the company's stock valued at $468,120,000 after buying an additional 1,593,579 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Paramount Global by 24.7% during the 4th quarter. Bank of New York Mellon Corp now owns 4,586,288 shares of the company's stock worth $47,973,000 after acquiring an additional 908,515 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in Paramount Global by 48.1% during the fourth quarter. Allianz Asset Management GmbH now owns 2,425,849 shares of the company's stock valued at $25,374,000 after acquiring an additional 787,516 shares during the period. Institutional investors and hedge funds own 73.00% of the company's stock.

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Analyst Ratings Changes

PARA has been the topic of several recent analyst reports. Morgan Stanley lifted their price target on Paramount Global from $10.00 to $11.00 and gave the stock an "underweight" rating in a research report on Tuesday, February 4th. Guggenheim reaffirmed a "buy" rating and issued a $14.00 price target on shares of Paramount Global in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft cut Paramount Global from a "buy" rating to a "hold" rating and set a $12.00 target price for the company. in a research report on Wednesday. StockNews.com initiated coverage on Paramount Global in a research report on Sunday. They set a "hold" rating for the company. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Paramount Global in a research report 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 company. Based on data from MarketBeat, Paramount Global currently has an average rating of "Hold" and an average target price of $12.09.

Paramount Global Trading Down 0.4 %

Shares of Paramount Global stock traded down $0.05 during trading on Wednesday, reaching $11.69. 1,190,276 shares of the company were exchanged, compared to its average volume of 12,443,541. Paramount Global has a twelve month low of $9.54 and a twelve month high of $14.54. The business has a 50-day moving average price of $11.34 and a 200-day moving average price of $10.92. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $7.79 billion, a price-to-earnings ratio of -1.42, a P/E/G ratio of 1.68 and a beta of 1.60.

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

Paramount Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Monday, March 17th. Paramount Global's dividend payout ratio is currently -2.15%.

About Paramount Global

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.