Van ECK Associates Corp Increases Stock Holdings in Paramount Global (NASDAQ:PARAP)

Van ECK Associates Corp lifted its stake in shares of Paramount Global (NASDAQ:PARAP) by 8.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 317,083 shares of the company’s stock after purchasing an additional 25,609 shares during the quarter. Van ECK Associates Corp’s holdings in Paramount Global were worth $5,929,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of PARAP. KCS Wealth Advisory raised its holdings in Paramount Global by 3.6% during the third quarter. KCS Wealth Advisory now owns 19,047 shares of the company’s stock worth $338,000 after purchasing an additional 666 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Paramount Global by 59.8% in the 3rd quarter. Private Advisor Group LLC now owns 15,265 shares of the company’s stock valued at $271,000 after buying an additional 5,715 shares during the period. MGO One Seven LLC boosted its stake in shares of Paramount Global by 20.4% in the third quarter. MGO One Seven LLC now owns 65,361 shares of the company’s stock valued at $1,160,000 after buying an additional 11,073 shares in the last quarter. Kestra Private Wealth Services LLC grew its holdings in Paramount Global by 27.6% during the third quarter. Kestra Private Wealth Services LLC now owns 110,704 shares of the company’s stock worth $1,965,000 after acquiring an additional 23,965 shares during the period. Finally, Greatmark Investment Partners Inc. raised its position in Paramount Global by 0.5% in the third quarter. Greatmark Investment Partners Inc. now owns 240,415 shares of the company’s stock worth $4,267,000 after acquiring an additional 1,275 shares in the last quarter.

Paramount Global Stock Performance

Shares of NASDAQ PARAP opened at $13.74 on Friday. Paramount Global has a one year low of $12.95 and a one year high of $32.28. The company’s fifty day moving average is $13.90 and its two-hundred day moving average is $16.56.

Paramount Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a $1.4375 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $5.75 dividend on an annualized basis and a yield of 41.85%.

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.