Korea Investment CORP lessened its stake in shares of Paramount Global (NASDAQ:PARA - Free Report) by 88.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,910 shares of the company's stock after selling 192,617 shares during the quarter. Korea Investment CORP's holdings in Paramount Global were worth $271,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Allworth Financial LP lifted 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 valued at $25,000 after buying an additional 1,395 shares during the period. Insight Inv LLC grew its position in Paramount Global by 9.8% during the fourth quarter. Insight Inv LLC now owns 20,435 shares of the company's stock worth $215,000 after buying an additional 1,825 shares during the period. Rockefeller Capital Management L.P. increased its holdings in Paramount Global by 9.6% in the third quarter. Rockefeller Capital Management L.P. now owns 21,146 shares of the company's stock valued at $225,000 after buying an additional 1,845 shares in the last quarter. Mitchell & Pahl Private Wealth LLC boosted its stake in shares of Paramount Global by 3.8% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 50,770 shares of the company's stock worth $531,000 after acquiring an additional 1,848 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its holdings in shares of Paramount Global by 7.0% in the 4th quarter. Perigon Wealth Management LLC now owns 28,821 shares of the company's stock worth $293,000 after acquiring an additional 1,874 shares during the period. 73.00% of the stock is owned by institutional investors and hedge funds.
Paramount Global Trading Down 3.6 %
Shares of NASDAQ PARA traded down $0.41 during trading on Friday, hitting $11.07. 12,052,975 shares of the company traded hands, compared to its average volume of 11,963,650. 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 $7.38 billion, a P/E ratio of -1.35, a P/E/G ratio of 1.68 and a beta of 1.31. The company has a 50-day moving average price of $11.38 and a 200-day moving average price of $10.94. Paramount Global has a 1 year low of $9.54 and a 1 year high of $14.54.
Paramount Global (NASDAQ:PARA - Get Free Report) last posted its quarterly earnings results 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). The firm 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%. On average, equities analysts predict that Paramount Global will post 1.77 EPS for the current year.
Paramount Global Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were issued a $0.05 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.20 annualized dividend and a yield of 1.81%. Paramount Global's payout ratio is -2.15%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on PARA shares. Deutsche Bank Aktiengesellschaft downgraded Paramount Global from a "buy" rating to a "hold" rating and set a $12.00 target price on the stock. in a research report on Wednesday. StockNews.com began coverage on Paramount Global in a report on Sunday, March 30th. They set a "hold" rating on the stock. Benchmark restated a "buy" rating and issued a $19.00 price objective on shares of Paramount Global in a research report on Thursday, February 27th. Guggenheim restated a "buy" rating and issued a $14.00 target price on shares of Paramount Global in a report on Thursday, February 27th. Finally, Morgan Stanley lifted their price target on shares of Paramount Global from $10.00 to $11.00 and gave the stock an "underweight" rating in a report on Tuesday, February 4th. Six research 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, the company has a consensus rating of "Hold" and an average target price of $12.09.
Read Our Latest Stock Report on PARA
Paramount Global Profile
(
Free Report)
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.
Further Reading
Before you consider Paramount Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Paramount Global wasn't on the list.
While Paramount Global currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for April 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
