American Century Companies Inc. Has $1.83 Million Holdings in Paramount Global (NASDAQ:PARA)

American Century Companies Inc. grew its holdings in shares of Paramount Global (NASDAQ:PARA - Free Report) by 29.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 174,995 shares of the company's stock after acquiring an additional 39,572 shares during the quarter. American Century Companies Inc.'s holdings in Paramount Global were worth $1,830,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Lingotto Investment Management LLP lifted its stake in shares of Paramount Global by 3.7% in the 4th quarter. Lingotto Investment Management LLP now owns 44,753,299 shares of the company's stock worth $468,120,000 after acquiring an additional 1,593,579 shares during the period. Geode Capital Management LLC lifted its position in Paramount Global by 12.1% in the third quarter. Geode Capital Management LLC now owns 14,842,966 shares of the company's stock worth $157,168,000 after purchasing an additional 1,606,779 shares during the period. Contrarius Group Holdings Ltd bought a new position in Paramount Global during the 4th quarter valued at $146,230,000. Charles Schwab Investment Management Inc. increased its position in shares of Paramount Global by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,743,123 shares of the company's stock valued at $80,993,000 after purchasing an additional 348,298 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Paramount Global by 24.7% in 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 buying an additional 908,515 shares in the last quarter. Institutional investors own 73.00% of the company's stock.

Paramount Global Stock Down 2.1 %

Shares of Paramount Global stock traded down $0.23 during midday trading on Friday, hitting $10.69. The company's stock had a trading volume of 5,527,891 shares, compared to its average volume of 11,627,373. The firm has a market capitalization of $7.13 billion, a P/E ratio of -1.30, a PEG ratio of 1.68 and a beta of 1.31. Paramount Global has a 1-year low of $9.54 and a 1-year high of $14.54. 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 stock has a 50-day simple moving average of $11.36 and a 200-day simple moving average of $10.95.

Paramount Global (NASDAQ:PARA - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported ($0.11) earnings per share 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 analysts' expectations 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, sell-side analysts expect that Paramount Global will post 1.77 earnings per share for the current year.

Paramount Global Announces Dividend

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

Analyst Ratings Changes

PARA has been the topic of a number of research analyst reports. StockNews.com started coverage on Paramount Global in a report on Monday, April 7th. They set a "hold" rating 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 increased their target price on shares of Paramount Global from $10.00 to $11.00 and gave the company an "underweight" rating in a research note on Tuesday, February 4th. Needham & Company LLC restated a "hold" rating on shares of Paramount Global in a research report on Thursday, February 27th. Finally, Guggenheim reiterated a "buy" rating and set a $14.00 price objective on shares of Paramount Global in a research report on Thursday, February 27th. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target 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.