Raymond James Financial Services Advisors Inc. Trims Position in Paramount Global (NASDAQ:PARAP)

Raymond James Financial Services Advisors Inc. lessened its stake in Paramount Global (NASDAQ:PARAP) by 48.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,142 shares of the company’s stock after selling 12,183 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Paramount Global were worth $298,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PARAP. Belpointe Asset Management LLC acquired a new position in Paramount Global during the 1st quarter worth approximately $29,000. Kistler Tiffany Companies LLC acquired a new position in Paramount Global during the 1st quarter worth approximately $42,000. McIlrath & Eck LLC increased its position in Paramount Global by 100.0% during the 1st quarter. McIlrath & Eck LLC now owns 2,000 shares of the company’s stock worth $60,000 after purchasing an additional 1,000 shares during the period. UBS Group AG acquired a new position in Paramount Global during the 3rd quarter worth approximately $62,000. Finally, Royal Bank of Canada acquired a new position in Paramount Global during the 3rd quarter worth approximately $75,000.

Paramount Global Trading Up 15.0 %

NASDAQ PARAP opened at $18.92 on Friday. The business’s 50 day moving average is $17.92 and its two-hundred day moving average is $21.85. Paramount Global has a 12-month low of $15.13 and a 12-month high of $35.81.

Paramount Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be paid a dividend of $1.4375 per share. This represents a $5.75 annualized dividend and a dividend yield of 30.39%. The ex-dividend date is Thursday, December 14th.

Paramount Global Company Profile

Paramount Global operates as a media and entertainment company worldwide. The company operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. Its TV Media segment operates domestic and international broadcast networks, including CBS Television Network, Network 10, Channel 5, Telefe, and Chilevisión; and cable networks comprising Paramount Media Networks, Nickelodeon, BET Media Group, and CBS Sports.