13,646,704 Shares in Paramount Skydance Corporation $PSKY Purchased by Barclays PLC

Barclays PLC bought a new stake in Paramount Skydance Corporation (NASDAQ:PSKY) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 13,646,704 shares of the company’s stock, valued at approximately $258,196,000.

Other large investors have also recently bought and sold shares of the company. Center for Financial Planning Inc. acquired a new stake in shares of Paramount Skydance in the third quarter valued at approximately $35,000. Versant Capital Management Inc bought a new position in Paramount Skydance in the third quarter valued at $39,000. Addison Advisors LLC acquired a new stake in Paramount Skydance in the 3rd quarter valued at $42,000. Private Trust Co. NA bought a new stake in Paramount Skydance during the 3rd quarter worth about $47,000. Finally, Guerra Advisors Inc acquired a new position in shares of Paramount Skydance during the 3rd quarter worth about $48,000. Institutional investors and hedge funds own 73.00% of the company’s stock.

Paramount Skydance Trading Up 2.1%

PSKY stock opened at $11.99 on Friday. Paramount Skydance Corporation has a one year low of $9.95 and a one year high of $20.86. The stock has a market cap of $12.85 billion, a price-to-earnings ratio of 19.03 and a beta of 1.15. The company has a fifty day moving average price of $11.66 and a two-hundred day moving average price of $14.49. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.26 and a quick ratio of 1.12.

Paramount Skydance (NASDAQ:PSKY) last posted its earnings results on Wednesday, February 25th. The company reported $999.00 EPS for the quarter, beating the consensus estimate of ($0.02) by $999.02. The company had revenue of $8.15 billion for the quarter, compared to the consensus estimate of $8.17 billion. Paramount Skydance had a positive return on equity of 3.82% and a negative net margin of 2.15%.

Paramount Skydance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 16th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, March 16th. This represents a $0.20 annualized dividend and a yield of 1.7%. Paramount Skydance’s dividend payout ratio (DPR) is presently 31.75%.

Analyst Ratings Changes

PSKY has been the topic of a number of recent research reports. Sanford C. Bernstein lifted their target price on Paramount Skydance from $11.00 to $12.00 and gave the company an “underperform” rating in a research report on Wednesday, November 12th. Guggenheim raised their price target on Paramount Skydance from $11.00 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday. Wolfe Research reaffirmed an “underperform” rating and set a $13.00 price target on shares of Paramount Skydance in a research report on Monday, December 15th. TD Cowen dropped their price objective on Paramount Skydance from $15.00 to $13.00 and set a “hold” rating on the stock in a research note on Thursday, February 26th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Paramount Skydance in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and eight have assigned a Sell rating to the stock. According to data from MarketBeat.com, Paramount Skydance currently has a consensus rating of “Reduce” and an average price target of $13.77.

Paramount Skydance Company Profile

Paramount Skydance Media Group (Nasdaq: PSKY) is a media and entertainment company created through the proposed combination of Paramount Global’s filmed entertainment and streaming operations with Skydance Media, a privately held content studio. The combined business will encompass the development, production and distribution of feature films, television programming and digital content, drawing on a library of legacy Paramount Pictures franchises alongside Skydance’s blockbuster tentpoles and animation slate.