RBF Capital LLC Has $2.66 Million Stock Holdings in Paramount Global (NASDAQ:PARA)

RBF Capital LLC reduced its position in Paramount Global (NASDAQ:PARA - Free Report) by 43.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 250,000 shares of the company's stock after selling 195,648 shares during the quarter. RBF Capital LLC's holdings in Paramount Global were worth $2,655,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Great Valley Advisor Group Inc. grew its stake in shares of Paramount Global by 5.3% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 19,940 shares of the company's stock worth $207,000 after purchasing an additional 1,002 shares during the period. Carson Advisory Inc. boosted its stake in shares of Paramount Global by 1.9% during the 3rd quarter. Carson Advisory Inc. now owns 54,364 shares of the company's stock valued at $577,000 after buying an additional 1,004 shares during the last quarter. Prestige Wealth Management Group LLC boosted its stake in shares of Paramount Global by 13.2% during the 2nd quarter. Prestige Wealth Management Group LLC now owns 8,648 shares of the company's stock valued at $90,000 after buying an additional 1,011 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Paramount Global by 22.8% during the 2nd quarter. GAMMA Investing LLC now owns 5,742 shares of the company's stock valued at $60,000 after buying an additional 1,067 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its stake in Paramount Global by 8.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 17,411 shares of the company's stock worth $181,000 after purchasing an additional 1,356 shares during the last quarter. 73.00% of the stock is owned by institutional investors and hedge funds.

Paramount Global Stock Performance

Shares of Paramount Global stock traded down $0.12 during midday trading on Thursday, hitting $10.90. The company had a trading volume of 2,440,388 shares, compared to its average volume of 14,733,211. The business's 50 day simple moving average is $10.73 and its two-hundred day simple moving average is $10.89. The stock has a market cap of $7.27 billion, a PE ratio of -1.34, a P/E/G ratio of 1.32 and a beta of 1.71. 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 $17.50.

Paramount Global (NASDAQ:PARA - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.25. The business had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.94 billion. Paramount Global had a negative net margin of 18.89% and a positive return on equity of 5.81%. Paramount Global's quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the company posted $0.30 earnings per share. As a group, equities analysts predict that Paramount Global will post 1.86 EPS for the current fiscal year.

Paramount Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.20 annualized dividend and a dividend yield of 1.83%. Paramount Global's payout ratio is -2.43%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Benchmark reaffirmed a "buy" rating and issued a $19.00 price target on shares of Paramount Global in a report on Friday, August 9th. Needham & Company LLC reiterated a "hold" rating on shares of Paramount Global in a research report on Monday, November 11th. StockNews.com upgraded shares of Paramount Global from a "sell" rating to a "hold" rating in a research report on Monday, November 11th. Macquarie reissued an "underperform" rating and issued a $10.00 price target on shares of Paramount Global in a research report on Monday, November 11th. Finally, Guggenheim reduced their price target on shares of Paramount Global from $19.00 to $14.00 and set a "buy" rating for the company in a research report on Wednesday, September 25th. Eight equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $12.40.

About Paramount Global

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.