Paramount Skydance Corporation $PSKY Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its holdings in Paramount Skydance Corporation (NASDAQ:PSKY) by 23.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 545,576 shares of the company’s stock after purchasing an additional 105,218 shares during the quarter. Hsbc Holdings PLC owned 0.05% of Paramount Skydance worth $7,312,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of PSKY. CYBER HORNET ETFs LLC bought a new position in Paramount Skydance in the 3rd quarter valued at about $25,000. Kelleher Financial Advisors bought a new stake in shares of Paramount Skydance during the 3rd quarter worth about $32,000. Huntington National Bank raised its position in shares of Paramount Skydance by 108.2% during the 4th quarter. Huntington National Bank now owns 2,259 shares of the company’s stock worth $30,000 after buying an additional 1,174 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Paramount Skydance by 539.3% in the 4th quarter. Larson Financial Group LLC now owns 2,295 shares of the company’s stock worth $31,000 after acquiring an additional 1,936 shares during the period. Finally, Paradigm Asset Management Co. LLC acquired a new stake in shares of Paramount Skydance in the 3rd quarter worth approximately $45,000. 73.00% of the stock is owned by institutional investors and hedge funds.

Paramount Skydance Stock Performance

Shares of PSKY stock opened at $9.64 on Friday. Paramount Skydance Corporation has a 1-year low of $8.61 and a 1-year high of $20.86. The company has a current ratio of 1.10, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $10.79 billion, a price-to-earnings ratio of 16.91, a P/E/G ratio of 0.71 and a beta of 1.43. The stock’s fifty day simple moving average is $10.51 and its 200-day simple moving average is $11.12.

Paramount Skydance (NASDAQ:PSKY) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.08. The firm had revenue of $7.35 billion during the quarter. Paramount Skydance had a positive return on equity of 4.58% and a negative net margin of 2.08%.During the same period in the prior year, the company posted $0.22 earnings per share. On average, sell-side analysts predict that Paramount Skydance Corporation will post 0.55 earnings per share for the current fiscal year.

Paramount Skydance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a $0.05 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.1%. Paramount Skydance’s dividend payout ratio is currently 35.09%.

Analysts Set New Price Targets

A number of research analysts recently commented on PSKY shares. Wells Fargo & Company lowered their price objective on shares of Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 5th. Morgan Stanley upgraded Paramount Skydance from an “underweight” rating to an “overweight” rating and upped their target price for the stock from $11.00 to $14.00 in a research report on Thursday, April 30th. Bank of America decreased their price target on Paramount Skydance from $13.00 to $11.00 and set an “underperform” rating for the company in a research note on Tuesday, March 10th. Guggenheim lowered their price target on Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Paramount Skydance in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and eight have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $12.77.

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.