Paramount Global (NASDAQ:PARA) Shares Acquired by V Square Quantitative Management LLC

V Square Quantitative Management LLC lifted its position in shares of Paramount Global (NASDAQ:PARA) by 49.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 19,478 shares of the company’s stock after acquiring an additional 6,419 shares during the period. V Square Quantitative Management LLC’s holdings in Paramount Global were worth $202,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its stake in Paramount Global by 54.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 207,305 shares of the company’s stock valued at $3,066,000 after purchasing an additional 73,112 shares during the last quarter. Cerity Partners LLC acquired a new position in Paramount Global in the 4th quarter valued at about $1,402,000. Koshinski Asset Management Inc. acquired a new position in Paramount Global in the 4th quarter valued at about $154,000. Louisiana State Employees Retirement System acquired a new position in shares of Paramount Global during the 4th quarter valued at about $432,000. Finally, Cullen Investment Group LTD. acquired a new position in shares of Paramount Global during the 4th quarter valued at about $1,188,000. Institutional investors and hedge funds own 73.00% of the company’s stock.

Paramount Global Price Performance

Shares of PARA remained flat at $10.29 during trading on Wednesday. The company’s stock had a trading volume of 4,653,715 shares, compared to its average volume of 17,561,523. The business’s fifty day moving average price is $10.98 and its two-hundred day moving average price is $11.69. Paramount Global has a one year low of $9.54 and a one year high of $17.50. The company has a market cap of $6.86 billion, a P/E ratio of -68.60, a price-to-earnings-growth ratio of 0.75 and a beta of 1.78. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.15 and a current ratio of 1.30.

Paramount Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Monday, September 16th. Paramount Global’s payout ratio is -133.32%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PARA. Seaport Res Ptn downgraded shares of Paramount Global from a “buy” rating to a “neutral” rating in a research note on Thursday, May 2nd. The Goldman Sachs Group began coverage on shares of Paramount Global in a research note on Tuesday, June 25th. They set a “sell” rating and a $9.50 price objective for the company. Wolfe Research downgraded shares of Paramount Global from a “peer perform” rating to an “underperform” rating and set a $10.00 price objective for the company. in a research note on Tuesday, July 9th. StockNews.com cut Paramount Global from a “hold” rating to a “sell” rating in a report on Monday. Finally, Argus cut Paramount Global from a “hold” rating to a “sell” rating in a report on Friday, May 3rd. Eleven analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.94.

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.