Personal CFO Solutions LLC Lowers Stake in Paramount Global (NASDAQ:PARA)

Personal CFO Solutions LLC lessened its holdings in Paramount Global (NASDAQ:PARA) by 3.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 92,627 shares of the company’s stock after selling 3,645 shares during the quarter. Personal CFO Solutions LLC’s holdings in Paramount Global were worth $969,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PARA. Robeco Institutional Asset Management B.V. boosted its position in Paramount Global by 85.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 58,753 shares of the company’s stock valued at $624,000 after buying an additional 27,023 shares during the period. Asset Management One Co. Ltd. boosted its position in Paramount Global by 1.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 192,750 shares of the company’s stock valued at $2,047,000 after buying an additional 2,151 shares during the period. Graypoint LLC purchased a new position in Paramount Global in the 3rd quarter valued at approximately $232,000. Principal Financial Group Inc. boosted its position in Paramount Global by 22.3% in the 3rd quarter. Principal Financial Group Inc. now owns 683,401 shares of the company’s stock valued at $7,258,000 after buying an additional 124,740 shares during the period. Finally, CWA Asset Management Group LLC purchased a new position in Paramount Global in the 3rd quarter valued at approximately $286,000. Hedge funds and other institutional investors own 73.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on PARA shares. StockNews.com raised shares of Paramount Global from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Benchmark restated a “buy” rating and issued a $19.00 price objective on shares of Paramount Global in a report on Thursday, February 27th. Needham & Company LLC restated a “hold” rating on shares of Paramount Global in a report on Thursday, February 27th. Macquarie restated an “underperform” rating and issued a $10.00 price objective on shares of Paramount Global in a report on Monday, November 11th. Finally, Guggenheim restated a “buy” rating and issued a $14.00 price objective on shares of Paramount Global in a report on Thursday, February 27th. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $12.10.

Paramount Global Trading Up 3.2 %

NASDAQ PARA opened at $12.14 on Friday. The firm has a market cap of $8.10 billion, a PE ratio of -1.48, a P/E/G ratio of 1.68 and a beta of 1.60. The firm’s fifty day moving average is $10.94 and its two-hundred day moving average is $10.78. 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 $14.54.

Paramount Global (NASDAQ:PARA) last announced 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 $0.18 by ($0.29). The business had revenue of $7.98 billion during the quarter, compared to analysts’ expectations of $8.07 billion. Paramount Global had a negative net margin of 18.89% and a positive return on equity of 5.81%. Analysts expect that Paramount Global will post 1.77 earnings per share for the current year.

Paramount Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Monday, March 17th. Paramount Global’s dividend payout ratio (DPR) is -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.