Paramount Global (NASDAQ:PARAA) Shares Sold by Capula Management Ltd

Capula Management Ltd reduced its position in shares of Paramount Global (NASDAQ:PARAA - Free Report) by 74.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,378 shares of the company's stock after selling 27,580 shares during the quarter. Capula Management Ltd's holdings in Paramount Global were worth $209,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. State Street Corp boosted its holdings in shares of Paramount Global by 20.2% in the 3rd quarter. State Street Corp now owns 49,366 shares of the company's stock valued at $1,082,000 after buying an additional 8,287 shares in the last quarter. Geode Capital Management LLC boosted its stake in Paramount Global by 11.6% in the fourth quarter. Geode Capital Management LLC now owns 275,630 shares of the company's stock valued at $6,147,000 after acquiring an additional 28,615 shares in the last quarter. Guardian Investment Management acquired a new position in shares of Paramount Global during the fourth quarter worth $963,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Paramount Global by 450.7% during the 4th quarter. Bank of New York Mellon Corp now owns 124,832 shares of the company's stock valued at $2,784,000 after purchasing an additional 102,165 shares during the last quarter. 5.98% of the stock is currently owned by institutional investors.

Paramount Global Stock Up 0.2 %

Paramount Global stock traded up $0.05 during midday trading on Monday, reaching $22.60. The company's stock had a trading volume of 3,426 shares, compared to its average volume of 51,488. Paramount Global has a 52-week low of $16.59 and a 52-week high of $26.34. The stock has a market capitalization of $15.07 billion, a P/E ratio of -2.75 and a beta of 1.33. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.27 and a quick ratio of 1.10. The stock's 50-day simple moving average is $22.67 and its 200-day simple moving average is $22.48.

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Paramount Global (NASDAQ:PARAA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.16 by ($0.27). Paramount Global had a positive return on equity of 5.81% and a negative net margin of 18.89%. The company had revenue of $7.98 billion for the quarter, compared to analyst estimates of $8.07 billion. On average, sell-side analysts expect that Paramount Global will post 2.25 EPS for the current year.

Paramount Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was Monday, March 17th. Paramount Global's payout ratio is -2.15%.

Paramount Global 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.