Annandale Capital LLC decreased its stake in Paramount Global by 73.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,900 shares of the company's stock after selling 253,958 shares during the period. Annandale Capital LLC's holdings in Paramount Global were worth $951,000 as of its most recent SEC filing.Other large investors have also modified their holdings of the company. Allworth Financial LP raised its stake in shares of Paramount Global by 140.1% during the fourth quarter. Allworth Financial LP now owns 2,391 shares of the company's stock valued at $25,000 after purchasing an additional 1,395 shares during the period. Insight Inv LLC raised its position in shares of Paramount Global by 9.8% in the 4th quarter. Insight Inv LLC now owns 20,435 shares of the company's stock valued at $215,000 after purchasing an additional 1,825 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Paramount Global by 9.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 21,146 shares of the company's stock valued at $225,000 after buying an additional 1,845 shares during the last quarter. Mitchell & Pahl Private Wealth LLC grew its position in shares of Paramount Global by 3.8% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 50,770 shares of the company's stock worth $531,000 after buying an additional 1,848 shares in the last quarter. Finally, Perigon Wealth Management LLC increased its stake in shares of Paramount Global by 7.0% in the fourth quarter. Perigon Wealth Management LLC now owns 28,821 shares of the company's stock worth $293,000 after buying an additional 1,874 shares during the last quarter. Institutional investors and hedge funds own 73.00% of the company's stock.Shares of Paramount Global traded up $0.49 during midday trading on Wednesday, hitting $11.14. 13,867,576 shares of the company's stock were exchanged, compared to its average volume of 11,854,792. Paramount Global has a twelve month low of $9.54 and a twelve month high of $14.54. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.27 and a quick ratio of 1.10. The firm has a market cap of $7.43 billion, a P/E ratio of -1.36, a PEG ratio of 1.68 and a beta of 1.31. The stock's 50 day moving average price is $11.36 and its 200-day moving average price is $10.94.Paramount Global last released 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 the consensus estimate of $8.07 billion. Paramount Global had a positive return on equity of 5.81% and a negative net margin of 18.89%. Equities research analysts anticipate that Paramount Global will post 1.77 EPS for the current year.The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.80%. Paramount Global's dividend payout ratio is presently -2.15%.Several research analysts have weighed in on Paramount Global shares. Deutsche Bank Aktiengesellschaft lowered shares of Paramount Global from a "buy" rating to a "hold" rating and set a $12.00 price objective for the company. in a report on Wednesday, April 2nd. Benchmark reissued a "buy" rating and issued a $19.00 price objective on shares of Paramount Global in a report on Thursday, February 27th. StockNews.com initiated coverage on Paramount Global in a report on Monday. They set a "hold" rating on the stock. Needham & Company LLC reissued a "hold" rating on shares of Paramount Global in a research report on Thursday, February 27th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $14.00 price objective on shares of Paramount Global in a report on Thursday, February 27th. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Paramount Global presently has a consensus rating of "Hold" and an average price target of $12.09.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.
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