Paramount Global (NASDAQ:PARAP) Trading 1.3% Higher

Paramount Global (NASDAQ:PARAP) traded up 1.3% on Wednesday . The stock traded as high as $14.00 and last traded at $13.74. 1,165,600 shares changed hands during mid-day trading, an increase of 860% from the average session volume of 121,387 shares. The stock had previously closed at $13.56.

Paramount Global Price Performance

The firm has a fifty day simple moving average of $14.39 and a two-hundred day simple moving average of $16.76.

Paramount Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a $1.4375 dividend. This represents a $5.75 annualized dividend and a yield of 41.85%. The ex-dividend date of this dividend was Thursday, March 14th.

Institutional Investors Weigh In On Paramount Global

Institutional investors and hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp raised its position in shares of Paramount Global by 25.3% in the 3rd quarter. Van ECK Associates Corp now owns 291,474 shares of the company’s stock worth $5,174,000 after acquiring an additional 58,775 shares in the last quarter. MGO One Seven LLC raised its position in shares of Paramount Global by 20.4% in the 3rd quarter. MGO One Seven LLC now owns 65,361 shares of the company’s stock worth $1,160,000 after acquiring an additional 11,073 shares in the last quarter. Kestra Private Wealth Services LLC raised its position in shares of Paramount Global by 27.6% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 110,704 shares of the company’s stock worth $1,965,000 after acquiring an additional 23,965 shares in the last quarter. Gamco Investors INC. ET AL raised its position in shares of Paramount Global by 16.9% in the 3rd quarter. Gamco Investors INC. ET AL now owns 20,750 shares of the company’s stock worth $368,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in Paramount Global by 59.8% during the 3rd quarter. Private Advisor Group LLC now owns 15,265 shares of the company’s stock valued at $271,000 after buying an additional 5,715 shares in the last quarter.

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.