Paramount Global (NASDAQ:PARA) Shares Acquired by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC increased its position in Paramount Global (NASDAQ:PARA) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,770 shares of the company’s stock after acquiring an additional 1,848 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Paramount Global were worth $531,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PARA. Ballentine Partners LLC grew its position in Paramount Global by 14.8% in the 4th quarter. Ballentine Partners LLC now owns 27,866 shares of the company’s stock valued at $291,000 after buying an additional 3,590 shares in the last quarter. Community Bank of Raymore grew its position in Paramount Global by 23.3% in the 4th quarter. Community Bank of Raymore now owns 15,880 shares of the company’s stock valued at $166,000 after buying an additional 3,000 shares in the last quarter. HB Wealth Management LLC bought a new position in Paramount Global in the 4th quarter valued at about $127,000. FNY Investment Advisers LLC grew its position in Paramount Global by 102.4% in the 4th quarter. FNY Investment Advisers LLC now owns 7,224 shares of the company’s stock valued at $75,000 after buying an additional 3,654 shares in the last quarter. Finally, Czech National Bank grew its position in Paramount Global by 6.5% in the 4th quarter. Czech National Bank now owns 129,023 shares of the company’s stock valued at $1,350,000 after buying an additional 7,874 shares in the last quarter. Institutional investors and hedge funds own 73.00% of the company’s stock.

Paramount Global Price Performance

NASDAQ PARA opened at $10.48 on Wednesday. The company has a 50 day simple moving average of $10.74 and a 200-day simple moving average of $10.77. 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 capitalization of $6.99 billion, a price-to-earnings ratio of -1.27, a price-to-earnings-growth ratio of 1.50 and a beta of 1.70. Paramount Global has a 52-week low of $9.54 and a 52-week high of $15.70.

Paramount Global (NASDAQ:PARA) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.25. The business had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.94 billion. Paramount Global had a negative net margin of 18.89% and a positive return on equity of 5.81%. The firm’s revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 earnings per share. Equities research analysts predict that Paramount Global will post 1.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PARA shares. Macquarie reiterated an “underperform” rating and issued a $10.00 target price on shares of Paramount Global in a research report on Monday, November 11th. StockNews.com upgraded shares of Paramount Global from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Guggenheim reduced their price objective on shares of Paramount Global from $19.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Finally, Needham & Company LLC restated a “hold” rating on shares of Paramount Global in a research report on Monday, November 11th. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $12.50.

About Paramount Global

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.