Paramount Global (NASDAQ:PARA) Stock Holdings Decreased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lessened its position in Paramount Global (NASDAQ:PARA) by 13.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 56,682 shares of the company’s stock after selling 8,452 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Paramount Global were worth $593,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Contrarius Group Holdings Ltd purchased a new stake in shares of Paramount Global in the fourth quarter valued at $146,230,000. State Street Corp lifted its stake in Paramount Global by 18.4% in the 3rd 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 in the last quarter. Norges Bank purchased a new position in Paramount Global during the 4th quarter valued at about $45,202,000. New Age Alpha Advisors LLC purchased a new position in Paramount Global during the 4th quarter valued at about $20,292,000. Finally, Geode Capital Management LLC increased its holdings in shares of Paramount Global by 12.1% in the 3rd quarter. Geode Capital Management LLC now owns 14,842,966 shares of the company’s stock valued at $157,168,000 after purchasing an additional 1,606,779 shares during the period. Institutional investors and hedge funds own 73.00% of the company’s stock.

Paramount Global Stock Performance

NASDAQ:PARA opened at $10.86 on Tuesday. The firm has a market capitalization of $7.24 billion, a PE ratio of -1.32, a PEG ratio of 1.68 and a beta of 1.31. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.85. Paramount Global has a 1 year low of $9.54 and a 1 year high of $14.54. The firm’s fifty day simple moving average is $11.37 and its 200 day simple moving average is $10.94.

Paramount Global (NASDAQ:PARA) last posted its quarterly earnings data on Wednesday, February 26th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.29). The business had revenue of $7.98 billion during the quarter, compared to the consensus estimate of $8.07 billion. Paramount Global had a positive return on equity of 5.81% and a negative net margin of 18.89%. On average, sell-side analysts anticipate that Paramount Global will post 1.77 EPS for the current year.

Paramount Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were paid a $0.05 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.20 annualized dividend and a dividend yield of 1.84%. Paramount Global’s payout ratio is -2.15%.

Analyst Ratings Changes

PARA has been the topic of a number of research analyst reports. StockNews.com assumed coverage on shares of Paramount Global in a research report on Monday. They set a “hold” rating on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Paramount Global in a research note on Thursday, February 27th. Benchmark reissued a “buy” rating and set a $19.00 price objective on shares of Paramount Global in a research report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft lowered Paramount Global from a “buy” rating to a “hold” rating and set a $12.00 target price on the stock. in a research report on Wednesday, April 2nd. Finally, Morgan Stanley lifted their price target on Paramount Global from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Tuesday, February 4th. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Paramount Global has a consensus rating of “Hold” and a consensus price target of $12.09.

Paramount Global 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.