Cwm LLC purchased a new position in shares of Paramount Global (NASDAQ:PARA – Get Rating) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,322 shares of the company’s stock, valued at approximately $139,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Islay Capital Management LLC acquired a new position in Paramount Global during the 3rd quarter worth about $29,000. Lowe Wealth Advisors LLC acquired a new position in Paramount Global during the 3rd quarter worth about $29,000. JFS Wealth Advisors LLC bought a new stake in Paramount Global during the 3rd quarter worth about $42,000. Activest Wealth Management bought a new stake in Paramount Global during the 3rd quarter worth about $79,000. Finally, R.H. Dinel Investment Counsel Inc. bought a new stake in Paramount Global during the 3rd quarter worth about $45,000. Institutional investors and hedge funds own 74.13% of the company’s stock.
Paramount Global Stock Down 0.8 %
Shares of NASDAQ PARA opened at $20.06 on Tuesday. Paramount Global has a one year low of $15.29 and a one year high of $39.21. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.31 and a quick ratio of 1.17. The business’s fifty day moving average price is $18.42 and its 200-day moving average price is $21.06. The stock has a market capitalization of $13.02 billion, a PE ratio of 4.27, a P/E/G ratio of 1.22 and a beta of 1.51.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the company. Macquarie dropped their price objective on Paramount Global from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Wednesday, January 4th. JPMorgan Chase & Co. dropped their price objective on Paramount Global from $25.00 to $19.00 and set an “underweight” rating for the company in a report on Thursday, November 3rd. Barclays dropped their price objective on Paramount Global from $20.00 to $15.00 in a report on Tuesday, October 11th. Royal Bank of Canada lowered their price target on Paramount Global from $34.00 to $28.00 and set an “outperform” rating for the company in a research note on Thursday, November 3rd. Finally, Needham & Company LLC lowered their price target on Paramount Global from $36.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, November 2nd. Nine equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Paramount Global has an average rating of “Hold” and an average price target of $21.68.
About Paramount Global
Paramount Global operates as a media and entertainment company worldwide. The company operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates domestic and international broadcast networks, including CBS Television Network, Network 10, Channel 5, Telefe, and Chilevisión; and cable networks comprising Showtime, BET, Nickelodeon, MTV, Comedy Central, Paramount Network, Smithsonian Channel, and CBS Sports Network.
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