Xponance Inc. Has $597,000 Holdings in Paramount Global (NASDAQ:PARA)

Xponance Inc. lowered its stake in shares of Paramount Global (NASDAQ:PARA - Free Report) by 36.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,114 shares of the company's stock after selling 33,050 shares during the period. Xponance Inc.'s holdings in Paramount Global were worth $597,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Allworth Financial LP raised its position in shares of Paramount Global by 140.1% during the fourth 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. Rakuten Securities Inc. lifted its stake in Paramount Global by 187.8% in the fourth quarter. Rakuten Securities Inc. now owns 3,094 shares of the company's stock valued at $32,000 after buying an additional 2,019 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Paramount Global in the fourth quarter valued at approximately $57,000. FNY Investment Advisers LLC boosted its stake in Paramount Global by 102.4% in the 4th quarter. FNY Investment Advisers LLC now owns 7,224 shares of the company's stock worth $75,000 after purchasing an additional 3,654 shares during the period. Finally, Synergy Asset Management LLC bought a new position in shares of Paramount Global during the fourth quarter worth about $88,000. 73.00% of the stock is currently owned by institutional investors and hedge funds.

Paramount Global Stock Performance

Paramount Global stock traded down $0.12 during trading hours on Friday, hitting $11.56. The company had a trading volume of 5,615,420 shares, compared to its average volume of 12,430,102. Paramount Global has a one year low of $9.54 and a one year high of $14.54. The firm has a market cap of $7.71 billion, a PE ratio of -1.41, a PEG ratio of 1.68 and a beta of 1.60. The firm has a 50-day moving average of $11.28 and a 200 day moving average of $10.89. 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 (NASDAQ:PARA - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $8.07 billion. On average, sell-side analysts expect that Paramount Global will post 1.77 earnings per share for the current year.

Paramount Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.20 annualized dividend and a dividend yield of 1.73%. Paramount Global's dividend payout ratio (DPR) is presently -2.15%.

Analysts Set New Price Targets

A number of analysts have recently commented on PARA shares. Morgan Stanley boosted their price objective on shares of Paramount Global from $10.00 to $11.00 and gave the stock an "underweight" rating in a research report on Tuesday, February 4th. StockNews.com assumed coverage on Paramount Global in a report on Saturday, March 22nd. They issued a "hold" rating for the company. Benchmark restated a "buy" rating and set a $19.00 target price on shares of Paramount Global in a report on Thursday, February 27th. Guggenheim reaffirmed a "buy" rating and set a $14.00 price target on shares of Paramount Global in a research report on Thursday, February 27th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Paramount Global in a research report on Thursday, February 27th. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $12.10.

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.