Paramount Global (NASDAQ:PARA) Stock Position Cut by Capula Management Ltd

Capula Management Ltd trimmed its holdings in Paramount Global (NASDAQ:PARA - Free Report) by 68.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,876 shares of the company's stock after selling 57,215 shares during the period. Capula Management Ltd's holdings in Paramount Global were worth $281,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PARA. Allworth Financial LP raised its holdings in shares of Paramount Global by 140.1% in the 4th 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 period. Mountain Hill Investment Partners Corp. acquired a new position in Paramount Global during the fourth quarter valued at approximately $31,000. Rakuten Securities Inc. grew 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 worth $32,000 after buying an additional 2,019 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in shares of Paramount Global in the fourth quarter worth $35,000. Finally, Resona Asset Management Co. Ltd. purchased a new position in shares of Paramount Global in the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 73.00% of the company's stock.

Paramount Global Stock Performance

Shares of PARA stock traded down $0.01 on Monday, hitting $10.68. 2,088,583 shares of the stock traded hands, compared to its average volume of 9,295,768. The company's fifty day moving average is $11.36 and its 200 day moving average is $10.95. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.27 and a quick ratio of 1.10. Paramount Global has a 1-year low of $9.54 and a 1-year high of $14.54. The company has a market capitalization of $7.12 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 released its quarterly earnings data on Wednesday, February 26th. The company reported ($0.11) earnings per share (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 for the quarter, compared to analyst estimates of $8.07 billion. On average, equities research analysts predict that Paramount Global will post 1.77 earnings per share for the current fiscal year.

Paramount Global Dividend Announcement

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

Analyst Upgrades and Downgrades

PARA has been the subject of several analyst reports. Guggenheim reaffirmed a "buy" rating and issued a $14.00 target price on shares of Paramount Global in a research report on Thursday, February 27th. StockNews.com initiated coverage on shares of Paramount Global in a research report on Monday, April 7th. They issued a "hold" rating for the company. Needham & Company LLC reissued a "hold" rating on shares of Paramount Global in a research report on Thursday, February 27th. Morgan Stanley raised their price target on shares of Paramount Global from $10.00 to $11.00 and gave the company an "underweight" rating in a report on Tuesday, February 4th. Finally, Benchmark reiterated a "buy" rating and issued a $19.00 price objective on shares of Paramount Global in a report on Thursday, February 27th. Six analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Paramount Global presently has a consensus 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.