Mitsubishi UFJ Trust & Banking Corp Purchases Shares of 274,132 Paramount Skydance Corporation $PSKY

Mitsubishi UFJ Trust & Banking Corp acquired a new position in Paramount Skydance Corporation (NASDAQ:PSKY) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 274,132 shares of the company’s stock, valued at approximately $5,187,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc purchased a new stake in Paramount Skydance during the third quarter valued at approximately $39,000. Private Trust Co. NA bought a new stake in shares of Paramount Skydance during the 3rd quarter valued at $47,000. Sound Income Strategies LLC purchased a new stake in shares of Paramount Skydance in the 3rd quarter worth $49,000. Valley National Advisers Inc. bought a new position in Paramount Skydance in the 3rd quarter worth $68,000. Finally, CWM LLC bought a new position in Paramount Skydance in the 3rd quarter worth $91,000. Hedge funds and other institutional investors own 73.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PSKY. Wolfe Research restated an “underperform” rating and issued a $13.00 price target on shares of Paramount Skydance in a research report on Monday, December 15th. Wall Street Zen raised shares of Paramount Skydance to a “hold” rating in a report on Saturday, November 15th. Bank of America increased their target price on shares of Paramount Skydance from $11.00 to $13.00 and gave the stock an “underperform” rating in a report on Tuesday, November 11th. Evercore ISI lifted their price target on shares of Paramount Skydance from $12.00 to $14.00 and gave the company an “in-line” rating in a report on Tuesday, November 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Paramount Skydance in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and nine have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Paramount Skydance has an average rating of “Strong Sell” and a consensus target price of $14.00.

Paramount Skydance Trading Down 0.7%

Shares of PSKY opened at $11.26 on Friday. The company’s 50 day simple moving average is $13.38. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.34 and a quick ratio of 1.16. Paramount Skydance Corporation has a 12-month low of $9.95 and a 12-month high of $20.86. The company has a market cap of $12.07 billion, a P/E ratio of -375.21 and a beta of 1.17.

Paramount Skydance (NASDAQ:PSKY) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.37). Paramount Skydance had a negative net margin of 0.95% and a positive return on equity of 3.95%. The company had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.79 billion. During the same period last year, the business earned $0.49 earnings per share. The company’s quarterly revenue was up 0% compared to the same quarter last year.

Paramount Skydance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Thursday, December 18th. Paramount Skydance’s payout ratio is currently -666.67%.

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.