Paramount Global (NASDAQ:PARAA) Shares Sold by LPL Financial LLC

LPL Financial LLC reduced its position in Paramount Global (NASDAQ:PARAA - Free Report) by 64.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,122 shares of the company's stock after selling 35,884 shares during the period. LPL Financial LLC's holdings in Paramount Global were worth $449,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PARAA. Bank of New York Mellon Corp increased its stake in shares of Paramount Global by 450.7% in the fourth quarter. Bank of New York Mellon Corp now owns 124,832 shares of the company's stock worth $2,784,000 after buying an additional 102,165 shares during the last quarter. Guardian Investment Management bought a new stake in shares of Paramount Global in the 4th quarter worth about $963,000. Geode Capital Management LLC raised its stake in shares of Paramount Global by 16.7% in the 3rd quarter. Geode Capital Management LLC now owns 247,015 shares of the company's stock valued at $5,400,000 after purchasing an additional 35,305 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Paramount Global by 20.2% during the third quarter. State Street Corp now owns 49,366 shares of the company's stock worth $1,082,000 after purchasing an additional 8,287 shares during the last quarter. 5.98% of the stock is currently owned by institutional investors and hedge funds.

Paramount Global Stock Down 0.9 %

NASDAQ:PARAA traded down $0.21 during mid-day trading on Thursday, reaching $22.51. The stock had a trading volume of 20,264 shares, compared to its average volume of 50,034. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.27 and a quick ratio of 1.10. The company has a market capitalization of $15.01 billion, a price-to-earnings ratio of -2.73 and a beta of 1.33. Paramount Global has a 1-year low of $16.59 and a 1-year high of $26.34. The stock's 50 day simple moving average is $22.62 and its two-hundred day simple moving average is $22.52.

Paramount Global (NASDAQ:PARAA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.27). Paramount Global had a negative net margin of 18.89% and a positive return on equity of 5.81%. The firm had revenue of $7.98 billion for the quarter, compared to analyst estimates of $8.07 billion. Equities analysts anticipate that Paramount Global will post 2.25 EPS for the current year.

Paramount Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.89%. The ex-dividend date was Monday, March 17th. Paramount Global's dividend payout ratio is presently -2.15%.

Paramount Global Company 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.