Blackhawk Capital Partners LLC. purchased a new stake in shares of Paramount Global (NASDAQ:PARA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 41,446 shares of the company's stock, valued at approximately $434,000.
A number of other hedge funds also recently added to or reduced their stakes in PARA. Allworth Financial LP increased its holdings in shares of Paramount Global by 140.1% in the 4th quarter. Allworth Financial LP now owns 2,391 shares of the company's stock worth $25,000 after purchasing an additional 1,395 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Paramount Global by 162.8% during the third quarter. Blue Trust Inc. now owns 2,539 shares of the company's stock valued at $26,000 after buying an additional 1,573 shares during the last quarter. Huntington National Bank increased its holdings in Paramount Global by 129.0% in the 3rd quarter. Huntington National Bank now owns 2,771 shares of the company's stock worth $29,000 after buying an additional 1,561 shares in the last quarter. Kennebec Savings Bank purchased a new position in Paramount Global in the 3rd quarter worth about $47,000. Finally, FNY Investment Advisers LLC lifted its stake in Paramount Global by 102.4% during the 4th quarter. FNY Investment Advisers LLC now owns 7,224 shares of the company's stock valued at $75,000 after acquiring an additional 3,654 shares during the period. 73.00% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
PARA has been the subject of a number of research analyst reports. Morgan Stanley lifted their price target on shares of Paramount Global from $10.00 to $11.00 and gave the stock an "underweight" rating in a research note on Tuesday, February 4th. StockNews.com upgraded shares of Paramount Global from a "sell" rating to a "hold" rating in a research note on Monday, November 11th. Benchmark restated a "buy" rating and issued a $19.00 price target on shares of Paramount Global in a research note on Thursday. Guggenheim reiterated a "buy" rating and set a $14.00 price objective on shares of Paramount Global in a research report on Thursday. Finally, Macquarie reissued an "underperform" rating and issued a $10.00 target price on shares of Paramount Global in a report 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 issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $12.58.
View Our Latest Research Report on Paramount Global
Paramount Global Stock Performance
Paramount Global stock traded up $0.12 during midday trading on Friday, hitting $11.36. The stock had a trading volume of 10,644,777 shares, compared to its average volume of 9,219,442. 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 52-week low of $9.54 and a 52-week high of $14.54. The company has a market capitalization of $7.58 billion, a PE ratio of -1.38, a P/E/G ratio of 1.68 and a beta of 1.69. The firm's fifty day moving average is $10.80 and its two-hundred day moving average is $10.74.
Paramount Global (NASDAQ:PARA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.29). The firm had revenue of $7.98 billion for the quarter, compared to the consensus estimate of $8.07 billion. Paramount Global had a negative net margin of 18.89% and a positive return on equity of 5.81%. On average, research analysts forecast that Paramount Global will post 1.77 EPS for the current year.
Paramount Global Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Monday, March 17th. Paramount Global's dividend payout ratio (DPR) is -2.43%.
Paramount Global Profile
(
Free Report)
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.
Read More
Before you consider Paramount Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Paramount Global wasn't on the list.
While Paramount Global currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
