Royal Bank of Canada Increases Holdings in Paramount Skydance Corporation $PSKY

Royal Bank of Canada increased its position in Paramount Skydance Corporation (NASDAQ:PSKY) by 16.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 479,313 shares of the company’s stock after purchasing an additional 66,870 shares during the quarter. Royal Bank of Canada’s holdings in Paramount Skydance were worth $4,323,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Paramount Skydance by 0.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 140,776 shares of the company’s stock worth $1,886,000 after buying an additional 900 shares during the period. CWM LLC increased its stake in shares of Paramount Skydance by 20.3% during the fourth quarter. CWM LLC now owns 5,759 shares of the company’s stock valued at $77,000 after buying an additional 970 shares during the period. Pittenger & Anderson Inc. raised its holdings in shares of Paramount Skydance by 18.0% in the first quarter. Pittenger & Anderson Inc. now owns 6,560 shares of the company’s stock valued at $59,000 after acquiring an additional 1,000 shares in the last quarter. LSV Asset Management raised its holdings in shares of Paramount Skydance by 0.6% in the fourth quarter. LSV Asset Management now owns 188,868 shares of the company’s stock valued at $2,531,000 after acquiring an additional 1,116 shares in the last quarter. Finally, Huntington National Bank lifted its stake in Paramount Skydance by 108.2% in the fourth quarter. Huntington National Bank now owns 2,259 shares of the company’s stock worth $30,000 after acquiring an additional 1,174 shares during the period. 73.00% of the stock is currently owned by hedge funds and other institutional investors.

Key Paramount Skydance News

Here are the key news stories impacting Paramount Skydance this week:

• Positive Sentiment: Paramount is reportedly willing to sell CNN or place it under an independent oversight board to address antitrust concerns surrounding the Warner Bros. Discovery deal. A divestiture could remove a key regulatory obstacle and improve the transaction’s chances of proceeding. Paramount stock climbs as CNN divestiture emerges as an option
• Positive Sentiment: The company’s planned 30-film theatrical commitment could support Paramount’s film business and provide more content for cinema operators, although the initiative depends partly on the Warner Bros. Discovery merger being completed. Paramount’s 30-film promise
• Positive Sentiment: Paramount’s decision to impose monthly Claude usage limits for technology employees signals an effort to control artificial-intelligence costs and improve spending efficiency. The financial impact is likely modest but directionally supportive. Paramount limits Claude usage
• Neutral Sentiment: Executives David Ellison and Andy Gordon sold shares to cover taxes but retained substantial stakes, reducing concerns that the transactions represent a broad loss of insider confidence. Paramount insiders retain stakes despite tax sales
• Negative Sentiment: The Warner Bros. Discovery transaction remains tied up in litigation and cannot close until after a trial verdict or a specified 2027 deadline. Congressional scrutiny and opposition from state attorneys general add execution risk. Paramount CEO invited to House interview

Analyst Ratings Changes

PSKY has been the topic of several recent research reports. Morgan Stanley upgraded shares of Paramount Skydance from an “underweight” rating to an “overweight” rating and increased their target price for the stock from $11.00 to $14.00 in a report on Thursday, April 30th. UBS Group lowered their price target on shares of Paramount Skydance from $10.00 to $8.00 and set a “sell” rating for the company in a research report on Wednesday, August 5th. Wells Fargo & Company dropped their price objective on shares of Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 5th. TD Cowen cut their price objective on shares of Paramount Skydance from $13.00 to $8.00 and set a “hold” rating on the stock in a report on Wednesday, August 5th. Finally, Weiss Ratings raised shares of Paramount Skydance from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and eight have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $11.38.

Paramount Skydance Stock Up 4.9%

Shares of Paramount Skydance stock opened at $9.97 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.04 and a debt-to-equity ratio of 1.13. The company has a market cap of $11.16 billion, a P/E ratio of 34.38, a PEG ratio of 0.61 and a beta of 1.45. The firm’s 50 day moving average price is $9.41 and its 200-day moving average price is $10.18. Paramount Skydance Corporation has a 52-week low of $7.62 and a 52-week high of $20.86.

Paramount Skydance (NASDAQ:PSKY) last announced its earnings results on Tuesday, August 4th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.03. Paramount Skydance had a negative net margin of 2.13% and a positive return on equity of 4.11%. The company had revenue of $6.91 billion during the quarter. On average, sell-side analysts predict that Paramount Skydance Corporation will post 0.58 EPS for the current fiscal year.

Paramount Skydance Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.0%. Paramount Skydance’s dividend payout ratio (DPR) is presently 68.97%.

Paramount Skydance Profile

Paramount Skydance Media Group (Nasdaq: PSKY) is a media and entertainment company created through the proposed combination of Paramount Global’s filmed entertainment and streaming operations with Skydance Media, a privately held content studio. The combined business will encompass the development, production and distribution of feature films, television programming and digital content, drawing on a library of legacy Paramount Pictures franchises alongside Skydance’s blockbuster tentpoles and animation slate.