Quest Partners LLC Acquires New Shares in Paramount Global (NASDAQ:PARAA)

Quest Partners LLC bought a new stake in Paramount Global (NASDAQ:PARAA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,846 shares of the company’s stock, valued at approximately $106,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mark Asset Management LP acquired a new stake in Paramount Global in the second quarter valued at about $3,351,000. Vanguard Group Inc. increased its holdings in Paramount Global by 11.3% in the first quarter. Vanguard Group Inc. now owns 682,998 shares of the company’s stock valued at $14,910,000 after buying an additional 69,084 shares in the last quarter. Poehling Capital Management INC. increased its holdings in Paramount Global by 10.2% in the second quarter. Poehling Capital Management INC. now owns 433,435 shares of the company’s stock valued at $7,967,000 after buying an additional 40,142 shares in the last quarter. Squarepoint Ops LLC increased its stake in shares of Paramount Global by 120.0% during the 2nd quarter. Squarepoint Ops LLC now owns 46,749 shares of the company’s stock worth $859,000 after purchasing an additional 25,504 shares in the last quarter. Finally, Welch Group LLC purchased a new position in shares of Paramount Global during the 2nd quarter worth approximately $298,000. Hedge funds and other institutional investors own 5.98% of the company’s stock.

Paramount Global Stock Down 0.8 %

Shares of PARAA opened at $22.76 on Friday. The firm has a market cap of $15.18 billion, a PE ratio of -2.79 and a beta of 1.66. The company’s fifty day moving average is $22.08 and its two-hundred day moving average is $21.55. Paramount Global has a fifty-two week low of $16.59 and a fifty-two week high of $26.34. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.85.

Paramount Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 16th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Monday, December 16th. Paramount Global’s dividend payout ratio (DPR) is -2.43%.

Paramount Global Profile

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.