11,132 Shares in Paramount Global (NASDAQ:PARA) Purchased by Yoffe Investment Management LLC

Yoffe Investment Management LLC bought a new stake in Paramount Global (NASDAQ:PARA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,132 shares of the company’s stock, valued at approximately $116,000.

A number of other large investors have also recently bought and sold shares of PARA. Allworth Financial LP boosted its stake in shares of Paramount Global by 140.1% during the 4th quarter. Allworth Financial LP now owns 2,391 shares of the company’s stock worth $25,000 after buying an additional 1,395 shares during the last quarter. Mountain Hill Investment Partners Corp. bought a new stake in Paramount Global during the fourth quarter worth about $31,000. Rakuten Securities Inc. boosted its position in Paramount Global by 187.8% during the fourth quarter. Rakuten Securities Inc. now owns 3,094 shares of the company’s stock valued at $32,000 after purchasing an additional 2,019 shares during the last quarter. Atlas Capital Advisors Inc. bought a new position in Paramount Global in the fourth quarter valued at approximately $35,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Paramount Global during the 4th quarter worth approximately $57,000. Institutional investors and hedge funds own 73.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PARA shares. Morgan Stanley increased their price objective on Paramount Global from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Tuesday, February 4th. Guggenheim reiterated a “buy” rating and issued a $14.00 price target on shares of Paramount Global in a research note on Thursday, February 27th. Benchmark restated a “buy” rating and set a $19.00 price objective on shares of Paramount Global in a research note on Thursday, February 27th. StockNews.com initiated coverage on shares of Paramount Global in a research note on Sunday, March 30th. They issued a “hold” rating for the company. Finally, Needham & Company LLC reissued a “hold” rating on shares of Paramount Global in a research report on Thursday, February 27th. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $12.09.

Paramount Global Trading Down 3.6 %

Shares of 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 stock has a market cap of $7.38 billion, a PE ratio of -1.35, a PEG ratio of 1.68 and a beta of 1.60. The firm has a 50-day moving average of $11.38 and a 200-day moving average of $10.93. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.10 and a current ratio of 1.27.

Paramount Global (NASDAQ:PARA) last announced its earnings results on Wednesday, February 26th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.29). Paramount Global had a positive return on equity of 5.81% and a negative net margin of 18.89%. The business had revenue of $7.98 billion for the quarter, compared to analyst estimates of $8.07 billion. As a group, sell-side analysts forecast that Paramount Global will post 1.77 EPS for the current year.

Paramount Global Announces Dividend

The business 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. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.20 dividend on an annualized basis and a yield of 1.81%. Paramount Global’s dividend payout ratio (DPR) is presently -2.15%.

Paramount Global Company 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.