Coldstream Capital Management Inc. Has $169,000 Stock Position in Paramount Global (NASDAQ:PARA)

Coldstream Capital Management Inc. lifted its holdings in shares of Paramount Global (NASDAQ:PARAFree Report) by 10.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,400 shares of the company’s stock after buying an additional 1,081 shares during the period. Coldstream Capital Management Inc.’s holdings in Paramount Global were worth $169,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of PARA. Norges Bank acquired a new position in shares of Paramount Global during the 4th quarter worth $41,497,000. Charles Schwab Investment Management Inc. grew its position in Paramount Global by 15.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,299,798 shares of the company’s stock worth $171,567,000 after acquiring an additional 1,767,173 shares during the last quarter. Ariel Investments LLC grew its position in Paramount Global by 18.0% during the 3rd quarter. Ariel Investments LLC now owns 11,330,850 shares of the company’s stock worth $146,168,000 after acquiring an additional 1,731,714 shares during the last quarter. Simplex Trading LLC grew its position in Paramount Global by 200.3% during the 4th quarter. Simplex Trading LLC now owns 781,676 shares of the company’s stock worth $11,560,000 after acquiring an additional 1,561,007 shares during the last quarter. Finally, Invesco Ltd. grew its position in Paramount Global by 9.4% during the 3rd quarter. Invesco Ltd. now owns 14,832,568 shares of the company’s stock worth $191,340,000 after acquiring an additional 1,272,851 shares during the last quarter. Institutional investors and hedge funds own 73.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Benchmark reiterated a “buy” rating and issued a $19.00 price target on shares of Paramount Global in a research report on Tuesday, April 30th. Morgan Stanley dropped their price objective on Paramount Global from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 27th. JPMorgan Chase & Co. dropped their price objective on Paramount Global from $13.00 to $12.00 and set an “underweight” rating on the stock in a research note on Thursday, April 4th. Deutsche Bank Aktiengesellschaft dropped their price objective on Paramount Global from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, February 28th. Finally, Raymond James reissued a “market perform” rating on shares of Paramount Global in a research note on Tuesday, March 26th. Nine research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $13.58.

Check Out Our Latest Stock Report on PARA

Paramount Global Price Performance

PARA stock opened at $11.96 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.29 and a debt-to-equity ratio of 0.65. The business has a 50 day moving average of $12.02 and a 200-day moving average of $12.99. Paramount Global has a 12-month low of $10.12 and a 12-month high of $17.50.

Paramount Global (NASDAQ:PARAGet Free Report) last released its earnings results on Monday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.28. The company had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.73 billion. Paramount Global had a positive return on equity of 3.35% and a negative net margin of 0.15%. Paramount Global’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 earnings per share. On average, sell-side analysts predict that Paramount Global will post 1.32 earnings per share for the current fiscal year.

Paramount Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.67%. The ex-dividend date is Monday, June 17th. Paramount Global’s dividend payout ratio (DPR) is -133.32%.

Paramount Global Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Paramount Global (NASDAQ:PARA)

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