Paramount Global (NASDAQ:PARA) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its holdings in Paramount Global (NASDAQ:PARA) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 468,255 shares of the company’s stock after selling 1,177 shares during the quarter. New York State Teachers Retirement System’s holdings in Paramount Global were worth $4,898,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp lifted its stake in Paramount Global by 18.4% in the third quarter. State Street Corp now owns 44,154,027 shares of the company’s stock worth $470,695,000 after acquiring an additional 6,848,037 shares during the last quarter. Geode Capital Management LLC grew its stake 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 purchasing an additional 1,606,779 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Paramount Global by 16.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,394,825 shares of the company’s stock worth $78,533,000 after purchasing an additional 1,030,592 shares during the period. Wilsey Asset Management Inc. grew its stake in shares of Paramount Global by 16.2% during the 4th quarter. Wilsey Asset Management Inc. now owns 1,902,332 shares of the company’s stock worth $19,898,000 after purchasing an additional 265,408 shares during the period. Finally, Swiss National Bank boosted its position in shares of Paramount Global by 12.6% in the 3rd quarter. Swiss National Bank now owns 1,765,188 shares of the company’s stock worth $18,746,000 after buying an additional 197,300 shares in the last quarter. Hedge funds and other institutional investors own 73.00% of the company’s stock.

Analyst Ratings Changes

PARA has been the topic of a number of recent research reports. StockNews.com upgraded shares of Paramount Global from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Morgan Stanley increased their price objective on shares of Paramount Global from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Tuesday, February 4th. Macquarie reiterated an “underperform” rating and set a $10.00 target price on shares of Paramount Global in a research note on Monday, November 11th. Finally, Needham & Company LLC restated a “hold” rating on shares of Paramount Global in a research note on Monday, November 11th. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $12.58.

Paramount Global Trading Up 0.3 %

Shares of NASDAQ PARA opened at $11.47 on Friday. The stock has a market cap of $7.65 billion, a price-to-earnings ratio of -1.40, a PEG ratio of 1.66 and a beta of 1.69. The business has a 50 day simple moving average of $10.74 and a 200 day simple moving average of $10.70. Paramount Global has a 52 week low of $9.54 and a 52 week high of $14.54. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.10 and a current ratio of 1.27.

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.