Paramount Global (NASDAQ:PARAA) Sees Unusually-High Trading Volume

Paramount Global (NASDAQ:PARAAGet Rating) saw an uptick in trading volume on Tuesday . 2,105 shares changed hands during mid-day trading, a decline of 97% from the previous session’s volume of 76,023 shares.The stock last traded at 25.33 and had previously closed at 25.56.

Paramount Global Stock Performance

The firm’s 50-day moving average price is 27.47 and its two-hundred day moving average price is 31.60. The firm has a market capitalization of $15.61 billion, a PE ratio of 4.65 and a beta of 1.40. The company has a quick ratio of 1.33, a current ratio of 1.47 and a debt-to-equity ratio of 0.68.

Paramount Global (NASDAQ:PARAAGet Rating) last released its earnings results on Thursday, August 4th. The company reported 0.64 earnings per share for the quarter. The business had revenue of 7.78 billion for the quarter. Paramount Global had a net margin of 11.60% and a return on equity of 6.73%.

Paramount Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend is Wednesday, September 14th. Paramount Global’s dividend payout ratio (DPR) is currently 18.57%.

Institutional Trading of Paramount Global

An institutional investor recently bought a new position in Paramount Global stock. Captrust Financial Advisors bought a new stake in Paramount Global (NASDAQ:PARAAGet Rating) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,532 shares of the company’s stock, valued at approximately $42,000. Institutional investors and hedge funds own 1.13% of the company’s stock.

About Paramount Global

(Get Rating)

Paramount Global operates as a media and entertainment company worldwide. The company distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; acquires or develops, and schedules programming on the CBS Television Network that includes primetime comedies and dramas, reality, specials, kids' programs, daytime dramas, game shows, and late night programs; produces or distributes talk shows, court shows, game shows, and newsmagazines; owns and operates 29 broadcast television stations; and operates CBS Sports Network, a 24-hour cable channel that provides sports and related content, as well as streaming and cable subscription services.

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