Marshall Wace LLP Has $9.52 Million Holdings in Paramount Global (NASDAQ:PARA)

Marshall Wace LLP decreased its position in shares of Paramount Global (NASDAQ:PARA) by 89.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 915,785 shares of the company’s stock after selling 8,124,661 shares during the period. Marshall Wace LLP owned about 0.14% of Paramount Global worth $9,515,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Atlas Capital Advisors LLC bought a new position in Paramount Global in the 2nd quarter valued at $35,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Paramount Global in the second quarter valued at about $43,000. Newbridge Financial Services Group Inc. acquired a new position in Paramount Global during the 4th quarter worth about $44,000. SageView Advisory Group LLC bought a new stake in Paramount Global during the 1st quarter worth about $56,000. Finally, GAMMA Investing LLC increased its position in Paramount Global by 22.8% in the 2nd quarter. GAMMA Investing LLC now owns 5,742 shares of the company’s stock valued at $60,000 after acquiring an additional 1,067 shares in the last quarter. Institutional investors own 73.00% of the company’s stock.

Paramount Global Stock Performance

PARA stock opened at $10.79 on Monday. Paramount Global has a 1-year low of $9.54 and a 1-year high of $17.50. The company has a current ratio of 1.30, a quick ratio of 1.15 and a debt-to-equity ratio of 0.85. The firm has a market cap of $7.19 billion, a PE ratio of -71.93, a P/E/G ratio of 0.58 and a beta of 1.75. The business’s 50-day moving average price is $10.71 and its two-hundred day moving average price is $11.30.

Paramount Global (NASDAQ:PARA) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.40. Paramount Global had a positive return on equity of 4.88% and a negative net margin of 17.62%. The business had revenue of $6.81 billion during the quarter, compared to analyst estimates of $7.21 billion. As a group, research analysts forecast that Paramount Global will post 1.57 earnings per share for the current year.

Paramount Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Monday, December 16th. Paramount Global’s dividend payout ratio is -133.33%.

Analyst Upgrades and Downgrades

PARA has been the topic of several research analyst reports. Evercore ISI decreased their price target on shares of Paramount Global from $13.00 to $11.50 and set an “in-line” rating on the stock in a research note on Tuesday, July 9th. The Goldman Sachs Group began coverage on Paramount Global in a research note on Tuesday, June 25th. They issued a “sell” rating and a $9.50 target price for the company. StockNews.com raised Paramount Global from a “sell” rating to a “hold” rating in a research note on Wednesday, September 25th. Wolfe Research lowered Paramount Global from a “peer perform” rating to an “underperform” rating and set a $10.00 price objective for the company. in a research report on Tuesday, July 9th. Finally, Rosenblatt Securities restated a “neutral” rating and set a $14.00 target price on shares of Paramount Global in a research report on Tuesday, June 4th. Ten analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.18.

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.