Sei Investments Co. Has $392,000 Stake in Paramount Global (NASDAQ:PARA)

Sei Investments Co. lowered its position in Paramount Global (NASDAQ:PARA - Free Report) by 73.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,514 shares of the company's stock after selling 105,390 shares during the period. Sei Investments Co.'s holdings in Paramount Global were worth $392,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in shares of Paramount Global by 29.2% in the 4th quarter. American Century Companies Inc. now owns 174,995 shares of the company's stock valued at $1,830,000 after acquiring an additional 39,572 shares in the last quarter. Virtu Financial LLC grew its position in Paramount Global by 90.5% during the fourth quarter. Virtu Financial LLC now owns 35,095 shares of the company's stock worth $367,000 after buying an additional 16,670 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Paramount Global during the fourth quarter valued at approximately $6,400,000. Contrarius Group Holdings Ltd acquired a new stake in Paramount Global during the fourth quarter worth $146,230,000. Finally, one8zero8 LLC acquired a new stake in shares of Paramount Global during the 4th quarter valued at about $137,000. Institutional investors own 73.00% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. StockNews.com started coverage on shares of Paramount Global in a research note on Tuesday. They set a "hold" rating on the stock. Guggenheim reaffirmed a "buy" rating and issued a $14.00 target price on shares of Paramount Global in a research note on Thursday, February 27th. Needham & Company LLC restated a "hold" rating on shares of Paramount Global in a research report on Thursday, February 27th. UBS Group lowered their price objective on Paramount Global from $11.00 to $10.00 and set a "sell" rating for the company in a research report on Tuesday. Finally, Morgan Stanley raised their price objective 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. Seven analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to MarketBeat, Paramount Global presently has a consensus rating of "Hold" and an average price target of $11.92.

Paramount Global Stock Performance

NASDAQ:PARA traded down $0.13 during mid-day trading on Wednesday, reaching $10.74. 148,745 shares of the company's stock were exchanged, compared to its average volume of 11,520,942. Paramount Global has a one year low of $9.54 and a one year high of $14.54. The business's fifty day simple moving average is $11.36 and its two-hundred day simple moving average is $10.95. The firm has a market capitalization of $7.16 billion, a PE ratio of -1.31, a price-to-earnings-growth ratio of 1.68 and a beta of 1.31. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.10 and a current ratio of 1.27.

Paramount Global (NASDAQ:PARA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.29). Paramount Global had a positive return on equity of 5.81% and a negative net margin of 18.89%. The firm had revenue of $7.98 billion for the quarter, compared to the consensus estimate of $8.07 billion. Analysts anticipate 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. Investors of record on Monday, March 17th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.86%. The ex-dividend date was Monday, March 17th. Paramount Global's dividend payout ratio (DPR) is presently -2.15%.

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.