3,352 Shares in Paramount Global (NASDAQ:PARA) Acquired by Atlas Capital Advisors Inc.

Atlas Capital Advisors Inc. purchased a new stake in Paramount Global (NASDAQ:PARA) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,352 shares of the company’s stock, valued at approximately $35,000.

Several other institutional investors also recently made changes to their positions in PARA. Allworth Financial LP boosted its holdings in Paramount Global by 140.1% in the fourth quarter. Allworth Financial LP now owns 2,391 shares of the company’s stock valued at $25,000 after acquiring an additional 1,395 shares during the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in shares of Paramount Global in the 4th quarter valued at about $31,000. Rakuten Securities Inc. grew its holdings in shares of Paramount Global by 187.8% during the 4th quarter. Rakuten Securities Inc. now owns 3,094 shares of the company’s stock worth $32,000 after purchasing an additional 2,019 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Paramount Global during the 4th quarter worth approximately $57,000. Finally, FNY Investment Advisers LLC increased its position in Paramount Global by 102.4% during the 4th quarter. FNY Investment Advisers LLC now owns 7,224 shares of the company’s stock worth $75,000 after purchasing an additional 3,654 shares in the last quarter. 73.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PARA shares. Needham & Company LLC reiterated a “hold” rating on shares of Paramount Global in a research note on Thursday, February 27th. Morgan Stanley upped their price target on shares of Paramount Global from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft lowered Paramount Global from a “buy” rating to a “hold” rating and set a $12.00 price objective on the stock. in a research report on Wednesday. StockNews.com assumed coverage on Paramount Global in a research note on Sunday, March 30th. They issued a “hold” rating for the company. Finally, Benchmark reiterated a “buy” rating and set a $19.00 target price on shares of Paramount Global in a report on Thursday, February 27th. Six equities 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 data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.09.

Paramount Global Stock Performance

Paramount Global stock opened at $11.07 on Friday. Paramount Global has a 52 week low of $9.54 and a 52 week high of $14.54. 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 market cap of $7.38 billion, a P/E ratio of -1.35, a price-to-earnings-growth ratio of 1.68 and a beta of 1.31. The stock has a 50 day moving average of $11.38 and a 200-day moving average of $10.93.

Paramount Global (NASDAQ:PARA) last posted its quarterly earnings data on Wednesday, February 26th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.29). The company had revenue of $7.98 billion for the quarter, compared to the consensus estimate of $8.07 billion. Paramount Global had a negative net margin of 18.89% and a positive return on equity of 5.81%. On average, analysts expect that Paramount Global will post 1.77 EPS for the current fiscal year.

Paramount Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Monday, March 17th. Paramount Global’s payout ratio is currently -2.15%.

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.