26,184 Shares in Paramount Global (NASDAQ:PARA) Acquired by Natixis Advisors LLC

Natixis Advisors LLC purchased a new stake in Paramount Global (NASDAQ:PARA) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 26,184 shares of the company’s stock, valued at approximately $274,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Paramount Global by 18.4% during the third quarter. State Street Corp now owns 44,154,027 shares of the company’s stock worth $470,695,000 after purchasing an additional 6,848,037 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Paramount Global by 12.1% during the 3rd quarter. Geode Capital Management LLC now owns 14,842,966 shares of the company’s stock worth $157,168,000 after acquiring an additional 1,606,779 shares in the last quarter. Lingotto Investment Management LLP boosted its holdings in shares of Paramount Global by 3.7% in the 4th quarter. Lingotto Investment Management LLP now owns 44,753,299 shares of the company’s stock valued at $468,120,000 after buying an additional 1,593,579 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Paramount Global by 24.7% during the fourth quarter. Bank of New York Mellon Corp now owns 4,586,288 shares of the company’s stock worth $47,973,000 after purchasing an additional 908,515 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in shares of Paramount Global by 48.1% in the 4th quarter. Allianz Asset Management GmbH now owns 2,425,849 shares of the company’s stock valued at $25,374,000 after acquiring an additional 787,516 shares during the period. Hedge funds and other institutional investors own 73.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on PARA. StockNews.com began coverage on Paramount Global in a research note on Saturday, March 22nd. They set a “hold” rating for the company. Benchmark reiterated a “buy” rating and set a $19.00 price target on shares of Paramount Global in a research report on Thursday, February 27th. Morgan Stanley raised their price objective on Paramount Global from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Tuesday, February 4th. Guggenheim reissued a “buy” rating and issued a $14.00 price objective on shares of Paramount Global in a research note on Thursday, February 27th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Paramount Global in a research note on Thursday, February 27th. Six equities 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 data from MarketBeat, Paramount Global presently has an average rating of “Hold” and an average price target of $12.10.

Paramount Global Trading Down 1.0 %

Shares of PARA opened at $11.56 on Friday. The firm has a market capitalization of $7.71 billion, a P/E ratio of -1.41, a price-to-earnings-growth ratio of 1.68 and a beta of 1.60. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.85. The stock’s fifty day simple moving average is $11.28 and its 200 day simple moving average is $10.88. Paramount Global has a twelve month low of $9.54 and a twelve month high of $14.54.

Paramount Global (NASDAQ:PARA) last posted its earnings results on Wednesday, February 26th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.29). Paramount Global had a negative net margin of 18.89% and a positive return on equity of 5.81%. The business had revenue of $7.98 billion for the quarter, compared to analyst estimates of $8.07 billion. On average, equities research analysts forecast that Paramount Global will post 1.77 earnings per share for the current year.

Paramount Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Monday, March 17th. Paramount Global’s dividend payout ratio (DPR) is -2.15%.

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.