Paramount Global (NASDAQ:PARA) Shares Purchased by Register Financial Advisors LLC

Register Financial Advisors LLC raised its position in Paramount Global (NASDAQ:PARA) by 54.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,592 shares of the company’s stock after purchasing an additional 9,730 shares during the quarter. Register Financial Advisors LLC’s holdings in Paramount Global were worth $325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Amalgamated Bank grew its position in Paramount Global by 9.1% in the 4th quarter. Amalgamated Bank now owns 145,473 shares of the company’s stock valued at $2,152,000 after buying an additional 12,174 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Paramount Global by 541.7% during the fourth quarter. International Assets Investment Management LLC now owns 708,662 shares of the company’s stock valued at $10,481,000 after acquiring an additional 598,235 shares during the period. Ariel Investments LLC raised its holdings in Paramount Global by 18.0% during the third quarter. Ariel Investments LLC now owns 11,330,850 shares of the company’s stock worth $146,168,000 after purchasing an additional 1,731,714 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in Paramount Global in the third quarter worth approximately $1,240,000. Finally, Caprock Group LLC boosted its stake in Paramount Global by 2.9% during the 4th quarter. Caprock Group LLC now owns 50,252 shares of the company’s stock valued at $746,000 after purchasing an additional 1,401 shares in the last quarter. Institutional investors own 73.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PARA shares. Needham & Company LLC downgraded Paramount Global from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Raymond James reiterated a “market perform” rating on shares of Paramount Global in a research report on Tuesday, March 26th. Wells Fargo & Company lowered shares of Paramount Global from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $14.00 to $9.00 in a research report on Wednesday, June 12th. StockNews.com upgraded shares of Paramount Global from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $14.00 price target on shares of Paramount Global in a research report on Tuesday, June 4th. Ten analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Paramount Global currently has an average rating of “Hold” and a consensus target price of $13.29.

Paramount Global Price Performance

Shares of PARA opened at $10.39 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.29 and a debt-to-equity ratio of 0.65. The company’s 50 day moving average price is $11.75 and its 200 day moving average price is $12.46. Paramount Global has a 52 week low of $9.54 and a 52 week high of $17.50.

Paramount Global (NASDAQ:PARA) last posted its quarterly earnings results on Monday, April 29th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.34 by $0.28. Paramount Global had a negative net margin of 0.15% and a positive return on equity of 3.35%. The business had revenue of $7.69 billion for the quarter, compared to analysts’ expectations of $7.73 billion. During the same period in the previous year, the company posted $0.09 EPS. Paramount Global’s revenue was up 5.8% on a year-over-year basis. As a group, sell-side analysts forecast that Paramount Global will post 1.32 earnings per share for the current fiscal year.

Paramount Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.20 annualized dividend and a dividend yield of 1.92%. Paramount Global’s dividend payout ratio is -133.32%.

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.