International Assets Investment Management LLC lessened its holdings in Paramount Global (NASDAQ:PARA – Free Report) by 7.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,994 shares of the company’s stock after selling 1,632 shares during the period. International Assets Investment Management LLC’s holdings in Paramount Global were worth $239,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. Mattson Financial Services LLC bought a new position in shares of Paramount Global during the 4th quarter worth approximately $28,000. Ossiam boosted its holdings in Paramount Global by 57.2% during the 4th quarter. Ossiam now owns 2,810 shares of the company’s stock worth $29,000 after acquiring an additional 1,022 shares during the last quarter. Mountain Hill Investment Partners Corp. purchased a new position in shares of Paramount Global in the 4th quarter worth approximately $31,000. Rakuten Securities Inc. increased its position in shares of Paramount Global by 187.8% during the fourth quarter. Rakuten Securities Inc. now owns 3,094 shares of the company’s stock valued at $32,000 after acquiring an additional 2,019 shares during the last quarter. Finally, Atlas Capital Advisors Inc. bought a new position in shares of Paramount Global during the 4th quarter valued at approximately $35,000. Institutional investors own 73.00% of the company’s stock.
Paramount Global Stock Up 1.7%
Paramount Global stock opened at $12.53 on Friday. The firm has a market cap of $8.45 billion, a P/E ratio of -1.52, a P/E/G ratio of 3.73 and a beta of 1.19. The business has a fifty day moving average of $11.87 and a two-hundred day moving average of $11.34. Paramount Global has a twelve month low of $9.95 and a twelve month high of $12.54. The company has a quick ratio of 1.18, a current ratio of 1.29 and a debt-to-equity ratio of 0.84.
Paramount Global Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.20 annualized dividend and a yield of 1.60%. Paramount Global’s dividend payout ratio is presently -2.43%.
Analyst Ratings Changes
A number of research analysts recently weighed in on PARA shares. Deutsche Bank Aktiengesellschaft cut shares of Paramount Global from a “buy” rating to a “hold” rating and set a $12.00 target price on the stock. in a report on Wednesday, April 2nd. Citigroup reaffirmed a “neutral” rating and set a $12.00 price objective (down from $13.00) on shares of Paramount Global in a research note on Thursday, May 29th. UBS Group cut their target price on Paramount Global from $11.00 to $10.00 and set a “sell” rating on the stock in a research note on Tuesday, April 15th. Benchmark lowered their price objective on Paramount Global from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. cut their price target on Paramount Global from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 21st. Five research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Paramount Global presently has an average rating of “Hold” and an average price target of $11.50.
Read Our Latest Stock Analysis on Paramount Global
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.
Recommended Stories
- Five stocks we like better than Paramount Global
- Trading Halts Explained
- EA Just Caught a Monster Upgrade: Bullish Breakout Ahead?
- How to trade penny stocks: A step-by-step guide
- 3 Stocks Hitting All-Time Highs With More Room to Run
- What Does a Stock Split Mean?
- QuantumScape Soars 30%: What Drove the Next-Gen EV Stock’s Rally
Receive News & Ratings for Paramount Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Global and related companies with MarketBeat.com's FREE daily email newsletter.