Stratos Wealth Partners LTD. Sells 4,988 Shares of Paramount Global (NASDAQ:PARA)

Stratos Wealth Partners LTD. lessened its stake in Paramount Global (NASDAQ:PARA) by 30.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,488 shares of the company’s stock after selling 4,988 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Paramount Global were worth $120,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Yousif Capital Management LLC boosted its stake in Paramount Global by 7.5% in the 4th quarter. Yousif Capital Management LLC now owns 123,203 shares of the company’s stock worth $1,289,000 after purchasing an additional 8,629 shares during the period. Mather Group LLC. boosted its position in shares of Paramount Global by 42.3% during the fourth quarter. Mather Group LLC. now owns 8,959 shares of the company’s stock worth $94,000 after buying an additional 2,664 shares during the period. SOL Capital Management CO raised its position in Paramount Global by 1.6% in the 4th quarter. SOL Capital Management CO now owns 180,604 shares of the company’s stock valued at $1,889,000 after buying an additional 2,830 shares during the last quarter. Synergy Asset Management LLC acquired a new stake in Paramount Global in the 4th quarter valued at approximately $88,000. Finally, R Squared Ltd bought a new stake in Paramount Global in the 4th quarter valued at approximately $154,000. Institutional investors own 73.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Macquarie reiterated an “underperform” rating and issued a $10.00 price objective on shares of Paramount Global in a report on Monday, November 11th. StockNews.com raised shares of Paramount Global from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Needham & Company LLC restated a “hold” rating on shares of Paramount Global in a report on Monday, November 11th. Finally, Morgan Stanley increased their price target on Paramount Global from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Tuesday, February 4th. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Paramount Global currently has a consensus rating of “Hold” and a consensus price target of $12.58.

Paramount Global Trading Up 4.5 %

PARA stock opened at $11.30 on Friday. The stock has a market cap of $7.54 billion, a price-to-earnings ratio of -1.37, a price-to-earnings-growth ratio of 1.59 and a beta of 1.69. The company has a fifty day moving average price of $10.73 and a two-hundred day moving average price of $10.70. Paramount Global has a one year low of $9.54 and a one year high of $14.54. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.27 and a quick ratio of 1.10.

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.