Paramount Skydance Corporation $PSKY Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lessened its stake in Paramount Skydance Corporation (NASDAQ:PSKY) by 72.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 42,080 shares of the company’s stock after selling 111,364 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Paramount Skydance were worth $380,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Paramount Skydance by 0.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 140,776 shares of the company’s stock valued at $1,886,000 after purchasing 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 worth $77,000 after purchasing an additional 970 shares in the last quarter. Pittenger & Anderson Inc. raised its position in shares of Paramount Skydance by 18.0% during the 1st quarter. Pittenger & Anderson Inc. now owns 6,560 shares of the company’s stock worth $59,000 after purchasing an additional 1,000 shares during the last quarter. Mather Group LLC. raised its position in shares of Paramount Skydance by 6.3% during the 4th quarter. Mather Group LLC. now owns 17,137 shares of the company’s stock worth $230,000 after purchasing an additional 1,009 shares during the last quarter. Finally, LSV Asset Management lifted its stake in Paramount Skydance by 0.6% in the 4th quarter. LSV Asset Management now owns 188,868 shares of the company’s stock valued at $2,531,000 after buying an additional 1,116 shares in the last quarter. 73.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on PSKY. Guggenheim lowered their price objective on Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Morgan Stanley upgraded Paramount Skydance from an “underweight” rating to an “overweight” rating and raised their target price for the company from $11.00 to $14.00 in a research report on Thursday, April 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Paramount Skydance in a research note on Wednesday, June 24th. Wells Fargo & Company dropped their price target on Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating for the company in a research report on Tuesday, May 5th. Finally, Arete Research reiterated a “sell” rating and set a $2.00 price target on shares of Paramount Skydance in a research report on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and nine have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $12.00.

Paramount Skydance Stock Performance

PSKY opened at $8.21 on Friday. The firm has a market capitalization of $9.19 billion, a PE ratio of 14.40, a PEG ratio of 0.56 and a beta of 1.43. Paramount Skydance Corporation has a twelve month low of $8.17 and a twelve month high of $20.86. The firm’s 50-day moving average price is $9.90 and its 200 day moving average price is $10.52. The company has a current ratio of 1.10, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

Paramount Skydance (NASDAQ:PSKY) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.08. The company had revenue of $7.35 billion during the quarter. Paramount Skydance had a negative net margin of 2.08% and a positive return on equity of 4.58%. During the same period in the prior year, the company posted $0.22 EPS. As a group, sell-side analysts expect that Paramount Skydance Corporation will post 0.62 EPS for the current fiscal year.

Paramount Skydance Announces Dividend

The business also recently declared 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 is Tuesday, September 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.4%. Paramount Skydance’s dividend payout ratio is 35.09%.

Key Stories Impacting Paramount Skydance

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

• Positive Sentiment: Paramount Skydance received EU approval for its Warner Bros. Discovery takeover after agreeing to commitments, removing one major regulatory hurdle for the blockbuster deal. Paramount-Warner Bros deal paused through August 17, judge rules
• Positive Sentiment: Separately, Paramount is trying to support its streaming strategy by expanding a free tier for Paramount+, which could help attract price-sensitive users and improve engagement. Paramount+ is building out a free tier to lure cost-conscious viewers
• Neutral Sentiment: The company’s media M&A positioning remains a broader industry talking point, with investors focused on whether consolidation can create value over the long term. The Netflix-Lionsgate Rumor Exposed a Bigger Shift in Media M&A (PSKY)
• Negative Sentiment: A federal judge has paused the Warner Bros. Discovery acquisition through mid-August, and Paramount also agreed to keep the deal on hold until antitrust litigation is resolved or until June 1, 2027, whichever comes first. That extends uncertainty around a key strategic transaction and may weigh on PSKY shares. Paramount agrees to delay WBD acquisition to as late as June 2027 amid legal challenge

About Paramount Skydance

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.