Northern Trust Corp Purchases 17,461 Shares of Paramount Global (NASDAQ:PARAA)

Northern Trust Corp increased its position in Paramount Global (NASDAQ:PARAA - Free Report) by 98.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,264 shares of the company's stock after buying an additional 17,461 shares during the quarter. Northern Trust Corp's holdings in Paramount Global were worth $786,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in PARAA. Mariner LLC boosted its holdings in Paramount Global by 10.0% in the fourth quarter. Mariner LLC now owns 15,657 shares of the company's stock valued at $349,000 after acquiring an additional 1,425 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Paramount Global by 450.7% during the 4th quarter. Bank of New York Mellon Corp now owns 124,832 shares of the company's stock valued at $2,784,000 after buying an additional 102,165 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. boosted its holdings in shares of Paramount Global by 1,152.0% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 125,200 shares of the company's stock valued at $2,792,000 after buying an additional 115,200 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Paramount Global by 11.6% during the 4th quarter. Geode Capital Management LLC now owns 275,630 shares of the company's stock valued at $6,147,000 after buying an additional 28,615 shares in the last quarter. Finally, Gabelli Funds LLC boosted its stake in Paramount Global by 1.4% in the 4th quarter. Gabelli Funds LLC now owns 1,833,583 shares of the company's stock worth $40,889,000 after purchasing an additional 24,592 shares in the last quarter. 5.98% of the stock is owned by hedge funds and other institutional investors.

Paramount Global Stock Down 0.5%

Paramount Global stock traded down $0.11 during mid-day trading on Tuesday, reaching $22.40. The stock had a trading volume of 2,529 shares, compared to its average volume of 23,448. The company has a market capitalization of $15.10 billion, a price-to-earnings ratio of -2.73 and a beta of 1.39. The company has a 50-day moving average price of $22.60 and a two-hundred day moving average price of $22.63. Paramount Global has a one year low of $16.59 and a one year high of $24.50. 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 (NASDAQ:PARAA - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.10). The firm had revenue of $7.19 billion during the quarter, compared to the consensus estimate of $7.14 billion. Paramount Global had a positive return on equity of 5.81% and a negative net margin of 18.89%. On average, analysts expect that Paramount Global will post 2.25 EPS for the current fiscal year.

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.