Paramount Global (NASDAQ:PARA) Stock Holdings Lifted by Deutsche Bank AG

Deutsche Bank AG boosted its position in shares of Paramount Global (NASDAQ:PARA - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,808,989 shares of the company's stock after acquiring an additional 397,231 shares during the period. Deutsche Bank AG owned 0.57% of Paramount Global worth $39,842,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Contrarius Group Holdings Ltd acquired a new position in Paramount Global in the 4th quarter worth approximately $146,230,000. Norges Bank purchased a new stake in Paramount Global in the 4th quarter valued at approximately $45,202,000. Slate Path Capital LP increased its holdings in Paramount Global by 42.3% during the 4th quarter. Slate Path Capital LP now owns 12,586,000 shares of the company's stock valued at $131,650,000 after acquiring an additional 3,741,000 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in Paramount Global during the fourth quarter valued at approximately $20,292,000. Finally, Lingotto Investment Management LLP increased its holdings in shares of Paramount Global by 3.7% in the 4th quarter. Lingotto Investment Management LLP now owns 44,753,299 shares of the company's stock valued at $468,120,000 after acquiring an additional 1,593,579 shares during the last quarter. Hedge funds and other institutional investors own 73.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PARA shares. Deutsche Bank Aktiengesellschaft downgraded shares of Paramount Global from a "buy" rating to a "hold" rating and set a $12.00 target price for the company. in a research report on Wednesday, April 2nd. StockNews.com initiated coverage on shares of Paramount Global in a research note on Saturday. They set a "hold" rating on the stock. Morgan Stanley reduced their price target on Paramount Global from $11.00 to $10.00 and set an "underweight" rating for the company in a research report on Tuesday, May 6th. Benchmark reduced their price target on shares of Paramount Global from $19.00 to $16.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Finally, UBS Group cut their target price on Paramount Global from $11.00 to $10.00 and set a "sell" rating on the stock in a research report on Tuesday, April 15th. Six research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $11.58.

Paramount Global Stock Down 0.2%

Shares of NASDAQ:PARA traded down $0.03 during mid-day trading on Monday, hitting $11.67. 736,006 shares of the company traded hands, compared to its average volume of 10,242,324. Paramount Global has a 12-month low of $9.54 and a 12-month high of $13.05. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.85. The stock has a 50-day moving average price of $11.44 and a two-hundred day moving average price of $11.12. The stock has a market cap of $7.83 billion, a P/E ratio of -1.42, a P/E/G ratio of 1.68 and a beta of 1.25.

Paramount Global (NASDAQ:PARA - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02. The firm had revenue of $7.19 billion during the quarter, compared to analysts' expectations of $7.14 billion. Paramount Global had a negative net margin of 18.89% and a positive return on equity of 5.81%. The firm's quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 earnings per share. On average, equities research analysts forecast that Paramount Global will post 1.77 earnings per share for the current year.

Paramount Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors 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 dividend on an annualized basis and a yield of 1.71%. Paramount Global's dividend payout ratio is currently -2.43%.

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.