Paramount Global (NASDAQ:PARA) Stock Position Increased by Toronto Dominion Bank

Toronto Dominion Bank lifted its holdings in Paramount Global (NASDAQ:PARA - Free Report) by 125.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 449,917 shares of the company's stock after acquiring an additional 250,487 shares during the period. Toronto Dominion Bank owned approximately 0.07% of Paramount Global worth $4,706,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in Paramount Global by 140.1% during the 4th 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. Ossiam grew its holdings in Paramount Global by 57.2% during the 4th quarter. Ossiam now owns 2,810 shares of the company's stock valued at $29,000 after purchasing an additional 1,022 shares in the last quarter. Mountain Hill Investment Partners Corp. acquired a new stake in Paramount Global during the 4th quarter valued at $31,000. Rakuten Securities Inc. grew its holdings in Paramount Global by 187.8% during the 4th quarter. Rakuten Securities Inc. now owns 3,094 shares of the company's stock valued at $32,000 after purchasing an additional 2,019 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new stake in Paramount Global during the 4th quarter valued at $35,000. 73.00% of the stock is owned by institutional investors and hedge funds.

Paramount Global Stock Performance

Shares of Paramount Global stock traded up $0.07 during trading hours on Tuesday, reaching $12.04. The company's stock had a trading volume of 855,528 shares, compared to its average volume of 10,169,419. The company's 50 day simple moving average is $11.47 and its 200 day simple moving average is $11.15. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.10 and a current ratio of 1.27. Paramount Global has a one year low of $9.54 and a one year high of $13.05. The stock has a market cap of $8.07 billion, a P/E ratio of -1.46, a price-to-earnings-growth ratio of 1.68 and a beta of 1.25.

Paramount Global (NASDAQ:PARA - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.02. Paramount Global had a negative net margin of 18.89% and a positive return on equity of 5.81%. The company had revenue of $7.19 billion for the quarter, compared to the consensus estimate of $7.14 billion. During the same period last year, the firm posted $0.62 EPS. The company's revenue for the quarter was down 6.4% on a year-over-year basis. As a group, analysts expect that Paramount Global will post 1.77 EPS for the current fiscal year.

Analysts Set New Price Targets

PARA has been the subject of a number of recent analyst reports. Morgan Stanley lowered their price target on shares of Paramount Global from $11.00 to $10.00 and set an "underweight" rating for the company in a report on Tuesday, May 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of Paramount Global in a report on Thursday, February 27th. JPMorgan Chase & Co. lowered their price target on shares of Paramount Global from $11.00 to $10.00 and set an "underweight" rating for the company in a report on Wednesday, May 21st. UBS Group reduced their price objective on shares of Paramount Global from $11.00 to $10.00 and set a "sell" rating on the stock in a research note on Tuesday, April 15th. Finally, Wall Street Zen initiated coverage on shares of Paramount Global in a research note on Saturday, May 17th. They set a "hold" rating on the stock. Six research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Paramount Global presently has a consensus rating of "Hold" and an average price target of $11.50.

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.