International Assets Investment Management LLC Sells 1,632 Shares of Paramount Global (NASDAQ:PARA)

International Assets Investment Management LLC lessened its holdings in Paramount Global (NASDAQ:PARAFree 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 (NASDAQ:PARAGet Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. Paramount Global had a negative net margin of 19.09% and a positive return on equity of 4.80%. The business had revenue of $7.19 billion during the quarter, compared to the consensus estimate of $7.14 billion. During the same period in the previous year, the firm posted $0.62 earnings per share. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, analysts forecast that Paramount Global will post 1.77 earnings per share for the current fiscal year.

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

(Free Report)

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.

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Institutional Ownership by Quarter for Paramount Global (NASDAQ:PARA)

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