Mariner LLC Has $824,000 Holdings in Paramount Global (NASDAQ:PARA)

Mariner LLC lessened its holdings in shares of Paramount Global (NASDAQ:PARA) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 78,793 shares of the company’s stock after selling 2,010 shares during the quarter. Mariner LLC’s holdings in Paramount Global were worth $824,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in PARA. Allworth Financial LP lifted its holdings in shares of Paramount Global by 140.1% in the fourth quarter. Allworth Financial LP now owns 2,391 shares of the company’s stock valued at $25,000 after purchasing an additional 1,395 shares in the last quarter. Mountain Hill Investment Partners Corp. bought a new position in shares of Paramount Global during the 4th quarter worth approximately $31,000. Rakuten Securities Inc. grew its stake in shares of Paramount Global by 187.8% during the 4th quarter. Rakuten Securities Inc. now owns 3,094 shares of the company’s stock worth $32,000 after acquiring an additional 2,019 shares in the last quarter. Atlas Capital Advisors Inc. bought a new position in shares of Paramount Global during the 4th quarter worth approximately $35,000. Finally, Resona Asset Management Co. Ltd. bought a new position in shares of Paramount Global during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 73.00% of the company’s stock.

Paramount Global Stock Performance

Paramount Global stock opened at $11.69 on Tuesday. The business has a 50 day moving average of $11.40 and a 200-day moving average of $11.00. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.27 and a quick ratio of 1.10. Paramount Global has a 1 year low of $9.54 and a 1 year high of $14.54. The company has a market capitalization of $7.80 billion, a P/E ratio of -1.42, a P/E/G ratio of 1.68 and a beta of 1.31.

Paramount Global (NASDAQ:PARA) last announced its quarterly earnings results on Wednesday, February 26th. The company reported ($0.11) earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $8.07 billion. On average, equities research analysts predict that Paramount Global will post 1.77 earnings per share for the current year.

Paramount Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend was Monday, March 17th. Paramount Global’s dividend payout ratio (DPR) is currently -2.15%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Guggenheim reaffirmed a “buy” rating and set a $14.00 price target on shares of Paramount Global in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft downgraded Paramount Global from a “buy” rating to a “hold” rating and set a $12.00 price objective for the company. in a report on Wednesday, April 2nd. Needham & Company LLC reissued a “hold” rating on shares of Paramount Global in a report on Thursday, February 27th. Morgan Stanley increased their price objective on Paramount Global from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Tuesday, February 4th. Finally, Benchmark reissued a “buy” rating and issued a $19.00 price objective on shares of Paramount Global in a report on Thursday, February 27th. Seven investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Paramount Global has a consensus rating of “Hold” and an average price target of $11.92.

About Paramount Global

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.