Paramount Global (NASDAQ:PARAP) Trading 1.3% Higher

Paramount Global (NASDAQ:PARAP)’s share price traded up 1.3% during mid-day trading on Wednesday . The stock traded as high as $14.00 and last traded at $13.74. 1,165,600 shares traded hands during mid-day trading, an increase of 860% from the average session volume of 121,387 shares. The stock had previously closed at $13.56.

Paramount Global Price Performance

The firm’s 50 day moving average price is $14.39 and its 200-day moving average price is $16.76.

Paramount Global Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Belpointe Asset Management LLC bought a new position in shares of Paramount Global in the first quarter valued at about $29,000. Creative Planning bought a new position in shares of Paramount Global in the third quarter valued at about $25,000. UBS Group AG bought a new position in shares of Paramount Global in the third quarter valued at about $62,000. Royal Bank of Canada bought a new position in shares of Paramount Global in the third quarter valued at about $75,000. Finally, Signaturefd LLC raised its holdings in shares of Paramount Global by 42.3% in the fourth quarter. Signaturefd LLC now owns 4,179 shares of the company’s stock valued at $78,000 after buying an additional 1,242 shares during the last quarter.

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.